The Department for Digital, Culture, Media & Sport has launched a new grant competition to boost the growth of innovative tech start-ups and scale-ups across the UK.
For the previous six years the grant has been awarded to Tech Nation. The government is introducing a competitive process to ensure value for money for taxpayers, and to bring the funding in line with the majority of government grants, which are awarded under a competitive process.
Commenting on the decision, Jonathan Moyes, Head of Investment Research, Wealth Club said: “Any rival bidder will have their work cut out. Tech Nation has done a stellar job of raising awareness of the UK’s thriving start-up ecosystem and helping nurture promising start-ups and scale-ups.”
