£2 billion funding will position the UK as a tech destination of choice

£2bn funding positions UK as tech destination of choice

Tudor Aw comments on Prime Minister Theresa May announcement of £2bn investment into technology and science.

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Tudor Aw, head of technology sector at KPMG UK comments on Prime Minister Theresa May announcing plans to invest £2bn into technology and science ahead of the Autumn Statement. He said:

“Technology underpins the competiveness and development of almost every sector. It is a key battleground for most economies and the UK must ensure it is a leader in this field.  The £2 billion R&D fund for emerging tech, such as artificial intelligence and biotech, is therefore hugely encouraging and will make a real difference to the UK being seen as a tech destination of choice for scientists, entrepreneurs, investors and tech companies.” 

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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 revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 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.

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