Still, there’s room to grow, and concerted efforts are being made to maximise digital’s economic potential. ![]() According to McKinsey, AI solutions are set to deliver a 22% boost to the UK economy by 2030. In 2021, despite uncertainties around the UK’s trading relationships and the lingering effects of the pandemic, London remains the largest financial center in Europe second only to New York on the global stage.Īs the world’s attention shifts towards an ever more data-driven future and the promised benefits of ‘Industry 4.0’, the UK’s viability as a center for global commercial and business development is only set to increase.Īlready one of the most business-friendly countries in the world, steps are being taken to cement the UK’s place as the market of choice for advanced technology firms offering significant benefits to companies choosing to locate R&D operations on the island, and leveraging its established position at the heart of global trade to maximum effect.īritain is home to the largest data center market in Europe and already hosts many successful AI and Machine Learning companies, with the digital sector contributing 7.7% to the country’s economic output in 2018 (£149bn). ![]() As the country looks to take a leading role in the world’s digital future, the awards provide leading scale-ups with the perfect platform to lift-off.Įver since the London Stock Exchange was founded in 1698, the UK has been a hub for international commerce. The Department of International Trade’s Tech Rocketship Awards are a symbol of Britain’s ambition to be the market of choice for global tech innovation and business development.
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