The UK remains one of the world’s leading technology and AI hubs, with a strong ecosystem of founders, investors, researchers and global businesses. The government broadly recognises the strategic importance of the sector, supporting initiatives such as sovereign AI ambitions while maintaining key incentives including R&D tax relief and EIS and SEIS schemes. These foundations have helped position technology as a critical driver of innovation and economic growth.

Looking ahead, the incoming Prime Minister has an opportunity to be even more ambitious. The US has demonstrated how a thriving technology sector can become a major contributor to national productivity and GDP growth, and the UK should seek to capture more of that potential. That means creating the conditions for technology businesses to scale, while also ensuring appropriate AI governance is in place. Striking the right balance between growth and regulation will be essential, protecting national technological sovereignty, maintaining public trust and ensuring the benefits of AI are delivered safely across the economy and society.