London invests £14.5m to fight cyber crime

New innovation centre on the cards

London will cement its place as a world-leader in the fight against cyber attacks and threats with an investment of up to £14.5 million in a new innovation centre to develop the next of generation of cyber security technology to help 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 startups 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.

It will give startups access to expert technical mentoring, business support and advice to help them to grow in their early stages and contribute to the UK’s thriving £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.”

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