The U.K. government diverted grant funding for the program to the startup incubation arm of Barclays Bank.
According to Tech Nation, more than a third of all tech unicorns and decacorns created in the U.K. graduated from a Tech Nation program. Tech Nation graduates have also raised more than £28 billion in funding to date.
The government put the contract out to tender last year after raising concerns that Tech Nation was in breach of state aid rules after failing to become "self-sufficient," The Sunday TimesTech Nation says the DCMS grant accounted for roughly 62% of its funding in 2021/22. The remainder of its income came from sponsorship, commercial partnerships and other government contracts.
The Home Office has also been notified of the move and its visa program for foreign tech workers "will continue in the immediate term," Tech Nation said.The move has raised questions over the U.K.'s ambitions to rev up its digital leadership on the global stage following its exit from the European Union. Just days ago, Finance Minister Jeremy Hunt had talked up the U.K.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'They fire, we hire' - Germany seizes on Silicon Valley's woesFaced with a tight labour market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of layoffs in Silicon Valley as an opportunity to recruit top talent.
Baca lebih lajut »
Prep roundup: Connor Sevilla ignites No. 1 Dougherty Valley to bounce-back victoryDe La Salle falls by double digits to Southern California powerhouse Harvard-Westlake. WCAL leaders Riordan, Mitty win road games.
Baca lebih lajut »
San Diego police investigating homicide near Otay Valley Regional ParkAuthorities were at the scene nearby the 200 block of Royal Court to gather evidence for their investigation.
Baca lebih lajut »
Man's body found in Otay Valley Regional Park; homicide investigation underwaySan Diego police said the discovery was made Sunday morning on the eastern end of the open space area, south of Rancho Drive
Baca lebih lajut »
Valley businesses put on final touches two weeks before Super Bowl 57There are just two weeks left until the big game kicks off right here in the Valley. Businesses across several cities are putting on the final touches to accommodate the many visitors ready to touch down here. abc15
Baca lebih lajut »
‘Happy Valley’ Creator Sally Wainwright Cryptically Teases Next ProjectFresh off the back of the penultimate episode of BBC smash Happy Valley, creator Sally Wainwright this morning cryptically teased her next project, as she talked up the virtues of taking a six mont…
Baca lebih lajut »