Competition for funding stifles digital collaboration in UK regions

Competition for funding stifles digital collaboration in UK regions

3 years ago
Anonymous $drS9DEX_Sj

https://techmonitor.ai/policy/digital-economy/techuk-local-digital-capital-index-2021

A new framework assessing the strength of tech across the UK regions was unveiled by trade organisation techUK this morning. The report, which ranks the regions on categories such as investment, R&D activity and infrastructure, also makes a set of recommendations for improving collaboration between digital hubs. However, putting these into practice could be tricky in an environment where different areas compete against each other for funding and investment.

The Local Digital Capital index has been created to help “understand and measure the depth of local digital capital, the building blocks that make up a strong technology ecosystem,” said techUK in a statement. The results will help inform the government’s so-called “levelling up agenda”, which aims to spread investment more evenly across the country to drive economic growth.