This weeks government budget announcement has some impressive tech-friendly updates, from major infrastructure investments to a brand-new focus on closing the skills gap. In other words, if you’re in tech, there’s a lot to feel optimistic about!
Here’s a quick look at the top 6 takeaways we expect will make waves in the tech industry:
- A Boost in Public Investment
Over £100 billion in public funding is on the way to fuel long-term growth, with an additional £13 billion dedicated next year to infrastructure and transport improvements. This isn’t just about potholes – think of the benefit to tech sectors working in infrastructure and transport innovation! - Supercharging Digital Connectivity
Rural and underserved areas will soon see better connectivity with over £500 million for Project Gigabit and the Shared Rural Network. High-speed internet in previously overlooked areas? This move has big potential for businesses and tech startups ready to go nationwide. - Record-Setting R&D Funding
With £20.4 billion in R&D funding allocated for 2025-26, this is a fantastic time for innovation. The government’s focus on R&D shows commitment to seeing the tech industry grow, innovate, and get more competitive on a global scale. - Planning Reforms to Fuel Growth
The government is removing barriers to growth with a 10-year infrastructure strategy, and the focus on efficient planning reforms is good news for anyone in digital and sustainable tech. This is a solid step toward making tech-friendly development a reality. - Skills England: Training the Workforce of the Future
Say hello to Skills England, a new initiative designed to bridge the skills gap. By training up a tech-savvy workforce, this will help future-proof businesses needing skilled professionals in digital and tech fields. The talent pool is set to grow – and that’s a win for all. - A Stable Corporate Tax Roadmap
In a big nod to stability, the corporate tax rate is capped at 25%, with a corporate tax roadmap keeping R&D reliefs intact. This stability encourages investment and will help tech companies plan ahead confidently.
With these changes, the government is clearly giving tech a supportive platform to grow. Whether it’s through digital connectivity, R&D funding, or the drive to skill up the next generation of tech workers, this budget is setting the stage for exciting industry developments.
If you’re looking to bring in talent to capitalize on this new landscape, Shift F5 is here to help! Ready to chat about how we can find you the right people? Get in touch – we’d love to discuss how to keep your team ahead of the curve.
