Jessica O'ConnorThe Government has announced a major push to grow the cyber security sector, with new funding and a dedicated growth plan expected to create jobs and support tech startups across the country.
Launched as part of the Government’s ‘Plan for Change’, the Cyber Growth Action Plan will chart a path for long-term expansion in the UK’s cyber industry, which already supports over 67,000 jobs and generates £13.2bn in annual revenue.
The plan is being led by experts from the University of Bristol and Imperial College London and will provide recommendations for future workforce and economic development later this summer.
In a move to further drive job creation and commercialisation, ministers have also pledged up to £16m for two major support programmes.
CyberASAP, a scheme that helps turn academic research into businesses, will receive up to £10m over four years.
This funding aims to generate 25 new cyber startups by 2030 and attract £30m in private investment.
A further £6m will go to expand Cyber Runway, which helps startups and small firms scale and access new markets.
The programme is expected to strengthen the wider cyber ecosystem, including through job creation and business development.
Cyber Security Minister Feryal Clark said: “Cyber security is essential to our economic strength and national resilience. Today’s announcement is backed by investment showing we’re serious about making the UK a global leader in cyber innovation and protection.
“Through our Plan for Change, we’re backing the sector to create high-quality jobs through the Cyber Growth Action Plan and ensuring our public services are built on secure foundations with the expert support of the Government Cyber Advisory Board.”
Chancellor of the Duchy of Lancaster Pat McFadden said: “Today’s investment will help to turn innovative ideas into successful businesses up and down the country, and the new research will support our mission to grow the economy.
“Recent cyber attacks show just how important it is we foster the development of the sector – delivering the double dividend of high paying jobs as well as strengthening the country’s cyber security.”
