The UK Government has released its Industrial Strategy which sets out a 10-year plan to position the country as an engine of global technology growth and innovation – increasingly driven by cutting-edge research. In particular, it aims to make the UK an ‘AI maker, not an AI taker’, building on the £2bn previously committed under the UK AI Action Plan. Specific aspects on AI include: (1) £500m Sovereign AI Unit which will aim to “maximise the UK’s stake in frontier AI”, working with the British Business Bank to invest in data, compute and talent for UK AI capabilities, and partnering with both startups and larger organisations; (2) an industrial strategy AI adoption fund which will facilitate the development of cutting-edge AI in firms that display high-growth potential; and (3) a new £600m Strategic Sites Accelerator which aims to speed up the development of more AI Growth Zones, areas where planning restrictions are relaxed for data centres. The Industrial Strategy also touches upon quantum, semiconductors and cybersecurity.
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