The government has announced that up to £14.5 million will be made available to develop a new cyber security centre, which will see established firms working alongside cutting edge start ups.
London is home to the newly created National Cyber Security Centre, which the government says will cement its place as a world leader in the fight against cyber attacks and threats.
The investment of up to £14.5m in a new innovation centre will help develop the next of generation of cyber security technology to keep the nation safe.
A competition to develop and design the new centre has been launched by the Department for Digital, Culture, Media and Sport.
The investment will be made over the next three years to bolster the UK’s cyber security defences – and help make the UK the best place to start and grow a digital business and the safest place to be online.
The innovation centre will see government bringing together large firms to work hand-in-hand with innovative start ups and industry experts, to develop the new technologies businesses will need to protect themselves.
This will help make sure the UK’s entrepreneurs are creating the solutions the market needs and securing crucial investment, says the government – and will give start ups access to expert technical mentoring, business support and advice, to help them to grow in their early stages and contribute to the UK’s £22 billion cyber security sector.
Minister for Digital, Matt Hancock, said:
“London is one of the world’s most important tech sectors, with a record £5.6 billion investment in the industry in the past six months and a new tech firm formed every hour in the capital.
“Our investment in a new cyber innovation centre will not only cement the city’s position as a world leader, but also boost the whole country by giving UK firms access to the latest cyber technology and allowing start ups to get the support they need to develop.
“The new centre will build on London’s thriving digital start up scene, with one tech company estimated to be formed every hour in the capital.
“The city is also home to the headquarters of the newly created National Cyber Security Centre – a part of GCHQ – which opened earlier this year.
“It is one of two new centres being developed to help make sure UK firms have access to the latest cyber technology to secure their businesses.”
The innovation centre is expected to open in early 2018.
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