The country’s authorities will allocate £1 billion to support tech start-ups affected by the coronavirus pandemic.
Financial support includes £500 million of investments, consisting of government funds and private investors, which will be distributed to fast-growing companies.
„Britain is the world leader in innovation. Our research and development startups and companies are one of our greatest strengths which will help our economy accelerate the way out of the crisis.“ – claims Rishi Sunak, Chancellor of the Exchequer.