Feeds

Cameron promises boost for tech companies

Best broadband in Europe pledged

Top 5 reasons to deploy VMware with Tegile

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.