Feeds

Cameron promises boost for tech companies

Best broadband in Europe pledged

The Power of One Brief: Top reasons to choose HP BladeSystem

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. ®

Reducing security risks from open source software

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.