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<p>The UK publishing sector is one of the UKs oldest, most respected and successful
industries. We recognise the importance of the publishing sector, economically and
culturally, as well as the need to support digital innovation as consumption trends
broaden beyond physical products.</p><p> </p><p>In particular, the Government is committed
to supporting the sustainability of the news publishing industry as it transitions
online. Last week we responded to the Cairncross Review into a sustainable future
of journalism in the UK, by setting out support for the majority of its recommendations.</p><p>
</p><p>The Government has already started to take forward some of the interventions
proposed in the Review. We have worked with Nesta to develop a £2million pilot innovation
fund, which launched in October 2019, and seeks to invest in new technological prototypes,
start-ups and innovative business models to explore new ways of sustaining the industry
in this changing landscape. The government will evaluate this pilot to inform decisions
on the full innovation fund ahead of the next Spending Review.</p><p> </p>
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