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Evening Standard
Evening Standard
Rosie Shead

UK risks becoming ‘incubator economy’ where tech start-ups develop then leave

United Kingdom Sir Keir Starmer Stowell
Keir Starmer has previously said he wants the UK to be the ‘best place’ to start an AI company (Henry Nicholls/PA) - (PA Wire)

The UK risks becoming an “incubator economy”, where technology start-ups develop before selling or moving abroad, a House of Lords committee has warned.

Urgent action is needed by the Government to foster innovative UK companies, including AI and creative technology start-ups, and support them in scaling up, a new report from the Lords Communications and Digital Committee has said.

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