The Autumn Statement: A boost for digital

Nov 24, 2017 | News

The Chancellor Philip Hammond gave the digital sector a bit of a boost in Wednesday’s Autumn Statement, announcing that he wanted to secure Britain’s position as a world leader in technology and innovation.

An absolute raft of investment was promised (let’s hope it actually evolves to fruition!) including the headline £76m investment to boost digital and construction skills as well as; £75m investment into artificial intelligence, £160m for 5G mobile networks, £100m for an additional 8,000 fully qualified computer science teachers supported by a new National Centre for Computing, a retraining partnership with the TUC and the CBI to boost digital skills in the workforce.

All this really is great news for the tech sector – and organisations like ours who are trying to address the digital skills gap; it means that there’s more resource for everyone reaching out for help in this arena.

The stats from 2017 don’t look great for digital, the most striking one came from the Open University, whose Business Barometer issued statistics in July, highlighting that the UK’s skills gap was costing organisations over £2bn a year, but with more focus and drive from Central Government, we’re confident that 2018 will bring a lot of growth for tech.

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