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105814
registered interest false more like this
date less than 2014-11-03more like thismore than 2014-11-03
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading Technology: Greater London more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Innovation and Skills, what future investment the Government plans to make to promote the technology sector in London. more like this
tabling member constituency Tottenham more like this
tabling member printed
Mr David Lammy more like this
uin 212963 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-11-17more like thismore than 2014-11-17
answer text <p>London is the tech capital of Europe. The Government has played a key part in its success. It supports Tech City UK which delivers support services and programmes to tech businesses in London and UK-wide. London and Partners promotes the London wide tech sector, working on behalf of the Mayor of London and other commercial partners, including Tech City for which it took over specific responsibility in April this year.</p><p> </p><p>Technology companies in London will benefit from a range of government funding such as the:</p><p> </p><p>• recently announced 5m funding (£2m in 2015/2016 and a provisional allocation of £3m in 2016/17) for a pilot digital skills programme to be run by the London Enterprise Panel as part of the London Growth Deal.</p><p> </p><p>• A new Digital Catapult, located in King’s Cross, with £50m over 5 years to provide tech companies with access to expertise and enable them to develop new products and services.</p><p> </p><p>• £40K, this financial year, for Tech City UK’s Future Fifty Programme. Of the 50 tech companies, 37 of them are headquartered in London.</p><p> </p><p>• £400K this financial year for Tech City UK’s Digital Business Academy - an online training programme to ensure everyone has the much needed digital skills.</p><p> </p><p>We will have the lowest corporation tax rate in the G7 from next year. Technology companies can also benefit from other tax incentives such as the Patent Box, which can give an effective 10% tax rate for qualifying net revenue arising from EU or UK registered patents, R&amp;D tax credits, the Enterprise Investment Scheme and the Seed Enterprise Investment Scheme.</p><p> </p><p>The Government launched the new computing curriculum in September 2014, to ensure a pipeline of digitally skilled individuals. £3.5m of funding has been provided to ensure teachers have the skills to teach the curriculum and there are a number of coding clubs available in London schools, to inspire young people about the career opportunities digital skills provide.</p><p> </p><p>There is also good work at a local level, for example, Camden Council has started to set up code clubs in schools, see the following link: <a href="http://www.theguardian.com/local-government-network/2013/sep/02/camden-council-pioneers-coding-in-schools" target="_blank">http://www.theguardian.com/local-government-network/2013/sep/02/camden-council-pioneers-coding-in-schools</a></p><p> </p>
answering member constituency Wantage more like this
answering member printed Mr Edward Vaizey more like this
question first answered
less than 2014-11-17T17:06:59.923Zmore like thismore than 2014-11-17T17:06:59.923Z
answering member
1580
label Biography information for Lord Vaizey of Didcot more like this
tabling member
206
label Biography information for Mr David Lammy more like this