A new UK government grant competition is launching to boost the growth of innovative tech start-ups and scale-ups in all corners of the country.
The £12.09 million Digital Growth Grant will focus on opening up access to skills training and advice and providing support services to the digital and tech sector over two years.
Improving regional support networks for startups and scale-ups is a key focus for the funding, which will help spread the benefits of the world-leading tech industry across the UK.
The grant will help to develop the next generation of success stories after the UK tech sector became the third globally to be valued at $1 trillion.
There are now more than 40 unicorns – companies valued at $1 billion – outside London and 100 regional future corns – businesses on track to gaining unicorn status – that are paving the way for future success across the country.
The UK government will consult the market to help refine the grant specification before applications open later in the year.
The competition will be run this summer by the Department for Digital, Culture, Media and Sport and the successful organisation will receive the funding from 1st April 2023.
Further details on the eligibility criteria and application process will be published in due course.