Patrick Imbach, Head of KPMG's High Growth Technology Group, comments on the Chancellor’s Summer Budget 2015.
“Considering previous declarations of making the UK the ‘technology centre of Europe’, the Chancellor’s Summer Budget was surprisingly lacking in detail around how to support tech growth. The only new initiative that addressed this was the launch of six new Next Generation Digital Economy Centres around the country. This is a concept worthy of extension, as tech clusters such as those in Shoreditch, Cambridge and the Silicon Beach in Brighton have proven to be beneficial for start-ups as infrastructure and knowledge can be shared efficiently. Today’s announcement also marks a positive step in supporting tech start-ups beyond the South East, with Swansea, Newcastle, Nottingham, York and Bath all tipped for investment.”
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Ann Burton, KPMG Corporate Communications
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.