GBI logo

Spring Budget 2017: £500 million boost for electric vehicles, robotics and AI

by | Mar 9, 2017

Share this article

Facebook Open Graph

 

As the Chancellor set out plans in yesterday’s budget for a further £500 million to boost science and innovation with support for electric vehicles, robotics and artificial intelligence, Dominic Keen, Founder of Britbots, the network of UK-based robotics start-ups, said:

“Some of the great robotics companies of the future are being launched by British entrepreneurs and the support announced in today’s budget will to strengthen their impact and global competitiveness.  We’re currently seeing strong appetite from private investors to back locally-grown robotics businesses and this money will help bring even more interest in this space.”

 
 

Share this article

Related articles

How do VCTs prove their worth?

How do VCTs prove their worth?

Over several decades VCTs have proven their value to shareholders as long-term investments and ever-increasing numbers of entrepreneurs are seeking to build the ambitious, innovative companies that drive these returns. Investors can tap into exciting portfolios that...

Sign up to the GBI Newsletter

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode

x