Tech Nation, the UK industry body set up in 2014 to support tech entrepreneurs in scaling up their businesses, is closing after the UK government pulled funding to give it to Barclays Bank.
The government-backed organisation has been working for more than a decade to help the UK scale up tech its ecosystem and done rather well.
Tech Nation’s core grant funding from DCMS is being awarded to Barclays Bank and no one is really sure why. The Government claims that Barclays Eagle Labs got the cash following an open competition and rigorous assessment process.
