A brand new Silicon Valley marketing campaign has been launched to drive funding into the UK’s trillion-dollar tech sector to gasoline rising applied sciences and financial development, amid the UK’s plans to spice up R&D spend to £20 billion in 2024.

Final yr, the UK proved itself to be a tech superpower because it turned the third nation on this planet to realize a tech sector valued at one trillion {dollars}, alongside the US and China, with 162 ‘tech Unicorns’ valued at greater than $1 billion, greater than Germany, France and Sweden mixed.

Authorities analysis means that a lot of Silicon Valley’s prime tech consultants aren’t conscious of the UK’s world-leading strengths and this marketing campaign hopes to advertise the UK sector’s agile regulation and world-class expertise through focused LinkedIn and digital show adverts, a content material partnership with TechCrunch in addition to a brief movie by Stephen Fry.

The marketing campaign is being supported by a number of UK tech unicorns Darktrace, Deepmind, Revolut and Matillion, with plans to ask US tech leaders to the UK for London Tech Week, additional highlighting the federal government’s sturdy assist for UK tech.

Khalid Talukder, co-founder of DKK Companions, commented: “The UK’s know-how sector has confirmed itself to be a profitable international powerhouse over the previous few years and needs to be considered as a number one hub to put money into by Silicon Valley. It’s improbable to see the federal government displaying continued assist in the direction of the thriving companies which are serving to the nation’s financial system to get well and develop. Abroad investments and expansions are a superb option to promote development and usher in income, offering elevated alternative for the UK to cement its international place by reaching new markets and gaining new, world-class affect and ability.”

“For the FinTech trade, enormous alternatives lay throughout the funds and FX providers house as they permit worldwide commerce, quicker funds and can permit corporations to spice up their productiveness. The UK has all the time prided itself on being a monetary hub, and now, the booming alternatives inside FinTech have to be capitalised upon and the federal government assist and promotional actions abroad will assist to this sector obtain its potential” Talukder added.

Know-how Secretary Michelle Donelan mentioned: “The UK has one of many prime tech sectors on this planet with a valuation of greater than a trillion {dollars}. It’s numerous, resilient, and continues to develop at fast tempo with essentially the most enterprise capital funding in Europe. The purpose of this marketing campaign is to draw as a lot collaboration and funding as we are able to from Silicon Valley.”

“The formation of the Division for Science, Innovation and Know-how, reveals buyers and entrepreneurs that the UK is extra devoted than ever to forming a tech sector that’s pro-innovation, pro-talent and pro-growth. Our dedication for R&D spending to be £20 billion a yr by 2024 drives ahead the federal government’s ambitions for the UK to be a science and tech superpower.”