The UK government has announced investment in a new cyber security innovation centre in London, which is set to cost up to £14.5 million.
This move will see established businesses working alongside innovative startups, boosting the country’s tech sector and helping to consolidate the capital as one of the world’s leaders in cyber crime.
The Department for Digital Culture, Media and Sport has now launched a competition to develop and design the building. Investment will be made over the next three years to boost the UK’s cyber security defences and make it one of the best places to introduce a new digital company.
By combining larger firms with innovative startups, the move should help the best talent in the country to protect themselves and ensure entrepreneurs are developing technology that is in-demand and helps to secure key investment.
As part of the move, startups will be able to access expert technical monitoring, business support and advice to assist them in their growth and allow them to contribute to the country’s £22 billion cyber security industry.
Minister for digital Matt Hancock said: “Our investment in a new cyber innovation centre will not only cement the city’s position as a world leader but also boost the whole country by giving UK firms access to the latest cyber technology and allowing start-ups to get the support they need to develop.”
Mr Hancock explained that London is one of the world’s most important tech industries, with investment of up to £5.6 billion made in the sector in the last six months.
In recent weeks, London was confirmed as the venue for a host of new research projects to understand how society can take advantage of new interconnected devices safely and securely.
These projects are part of a £25 million investment over the next three years, which will be funded by the PETRAS Research Hub.