{"id":116723,"date":"2026-03-09T09:07:58","date_gmt":"2026-03-09T12:07:58","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/898273464"},"modified":"2026-03-09T09:07:58","modified_gmt":"2026-03-09T12:07:58","slug":"britain-faces-a-trillion-dollar-tech-challenge","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/09\/britain-faces-a-trillion-dollar-tech-challenge\/","title":{"rendered":"Britain faces a trillion-dollar tech challenge"},"content":{"rendered":"
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Recently techUK and TheCityUK co-hosted a summit on a crucial issue \u2013 how UK-based tech firms can expand their access to capital markets.<\/p>\n

Economic Secretary to the Treasury Lucy Rigby emphasised the importance of tech firms choosing not just to start in the UK, but also to scale and stay in this country.<\/p>\n

The UK has a strong track record of founding industry-leading, world-beating businesses, from high-tech companies such as Arm, Darktrace and DeepMind, to B2B giants like Sage and consumer platforms such as Deliveroo.<\/p>\n

But this summit emphasised that we still have further to go to \u201csecure the UK\u2019s first trillion-dollar technology business\u201d by 2035, the ambitious objective set out in the Industrial Strategy.<\/p>\n

Scaling a company to a trillion-dollar valuation will require an influx of investment into the UK that is almost unprecedented, and not just into a single business, but into an entire field of startups and scaleups, \u2018thoroughbreds\u2019 and unicorns, to first create more companies with valuations in the tens and hundreds of billions….<\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… issue \u00e2\u0080\u0093 how UK-based tech<\/span> firms can expand their … Rigby emphasised the importance of tech<\/span> firms choosing not just … world-beating businesses, from high-tech<\/span> companies such as Arm, … UK\u00e2\u0080\u0099s first trillion-dollar technology<\/span> business\u00e2\u0080\u009d by 2035, the ambitious …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-116723","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/116723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=116723"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/116723\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=116723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=116723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=116723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}