In her speech, Rachel Reeves said on AI that the UK needs “to go further and faster,” stating that investing in industries will ultimately “define our success.”

She said: “Britain should be the best place in the world to be an entrepreneur.”

Future plans will see the UK government working to support business leaders to become more agile and support smaller businesses to drive greater growth. Rachel Reeves stated that these findings will be published in March 2025 and examine how growth can be further driven across multiple business sectors.

“We will work with the private sector to deliver the infrastructure that our country so desperately needs,” she said.

Eager to recognise the potential of AI and other emerging technologies, the UK government has also announced plans to establish a growth corridor between university hubs Oxford and Cambridge.

“This area has the potential to become Europe’s Silicon Valley,” the Chancellor said.

In order to support this, the government has pledged to update transport links and new towns to catalyse innovation and support those living alongside it.

Explore the latest edition of Data Centre Magazine and be part of the conversation at our global conference series, Tech & AI LIVE and Data Centre LIVE. 

Discover all our upcoming events and secure your tickets today. 

Data Centre Magazine is a BizClik brand