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Dan Ridsdale, Managing Director of Technology and Platform at  Edison Group, discusses the Government’s Ten Tech Priorities announced today

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Dan Ridsdale, Managing Director of Technology and Platform at Edison Group:

“The Ten Tech Priorities are a welcome step in the right direction and seem to suit the UK’s needs. We’re especially pleased to see a focus on Cleantech and using digital innovation to reach Net Zero as we believe the UK boasts some of the most promising companies addressing these areas.

It’s also welcome to see a focus on creating the right environment for companies to access growth capital at every stage of their cycle, particularly at the scale up level which is currently the key missing piece of the jigsaw for the UK’s tech companies. The recent UK Listing review goes some way to help here, but the UK needs more scale up capital and more scale up expertise.

At present too many UK tech start-ups work to an exit strategy of being acquired while relatively young rather than scaling into a significantly larger business. Overall, these priorities are a positive development and, as we emerge from the pandemic and grapple with the societal and economic changes it has ushered in, there has never been a better time to focus on how tech can enable economic growth.”

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2020