UK Tech Secretary Vows More Action on Pushing Funds to Startups

The UK’s Labour government will strengthen efforts to drive institutional funds into British tech companies, Technology Secretary Liz Kendall said, as she pledged more backing for the country’s artificial intelligence sector.

The government wants to unlock investment into UK firms with legal reforms to how pension funds are run, Kendall told Bloomberg TV during London Tech Week.

“I’m sure you’ll see more movement on that very soon,” she said in an interview recorded before Prime Minister Keir Starmer’s government was rocked by the resignation of another senior cabinet member.

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