UK Government unveils £360 million plan to ‘cement the UK’s place as a science and technology superpower by 2030’

UK Prime Minister Rishi Sunak and Science, Innovation and Technology Secretary Michelle Donelan have laid out a new initiative that will see in excess of £370 million being funneled into improving infrastructure, investment, and skills for growing UK tech companies, with “trailblazing” tech including quantum, supercomputing, and AI specifically mentioned in the government’s statement.

The new Science and Technology Framework is an all-hands-on-deck call from the newly created Department for Science, Innovation and Technology and is seeking to involve all aspects of the government in a plan to place the UK as king of the hill when it comes to global science and technology this decade through 10 key actions:

  • identifying, pursuing and achieving strategic advantage in the technologies that are most critical to achieving UK objectives

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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