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<p>The UK's digital economy is thriving - growing ten times as fast as the wider economy
- and we are pursuing a range of measures to reinforce its world-leading position.
These include:</p><ul><li>Implementing a 10-year action plan to unlock over £20 billion
to finance growth in innovative firms;</li><li>Committing a further £7 billion for
research and development since 2016, with major investments in artificial intelligence
and quantum technologies; and</li><li>Providing internationally competitive research
and development tax reliefs to support investment.</li></ul><p>We are also embracing
the opportunities presented by Distributed Ledger Technologies, including by:</p><ul><li>Investing
over £10 million through Innovate UK and the research councils; and</li><li>Creating
the £20 million GovTech Catalyst Fund, to explore technology-based solutions for public
sector challenges.</li></ul>
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