Feeds

Cameron promises boost for tech companies

Best broadband in Europe pledged

Secure remote control for conventional and virtual desktops

Prime Minister David Cameron promised improvements to British broadband and more support for smaller, high tech companies as he outlined the Coalition government's "national infrastructure plan".

Speaking at the CBI Annual conference, Cameron promised the best broadband in Europe by 2015 thanks to investment of £530m. He noted Virgin Media's launch of superfast broadband, and BT's project in Cornwall.

He pledged support for UK science and research and promised to maintain a science budget of £4.6bn.

Cameron said the British economy, and its growth, was increasingly dependent on young, high technology companies. He said that between 1980 and 2005 almost all job creation in the US came from companies which were less than five years old.

Cameron said: "It wasn’t long ago that Apple, Cisco and Google didn’t even exist – now each one has a market value of over $100 billion. Skype, Facebook and Twitter have generated billions of dollars and reached a global scale more quickly and with less capital than any companies before."

He promised to detail government moves to encourage bank lending to small businesses and moves to ensure that more government procurement goes to small firms.

The Coalition will go ahead with investing £200m in innovation centres based loosely on the German Fraunhofer Institute model - the creators of the MP3 format. These will aim to bridge the gap between universities and business.

Cameron also said the government would support moves to a low-carbon economy by offering grants for electric vehicles and investment in carbon capture and storage systems. There will be a £60m investment in UK ports to support offshore wind turbines

The full text is available here.

The speech comes in the wake of criticism from the CBI which warned that the UK was facing increasing competition in attracting international investment.

Labour leader Ed Miliband followed Cameron on stage and warned the government risked repeating the mistakes which led to the recession and that the scale of promised cutbacks put jobs and growth at risk. ®

Build a business case: developing custom apps

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.