London Tech Week

"UK tech is booming" | Nadine Dorries MP celebrates the UK tech industry at the opening of London Tech Week

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Nadine Dorries MP, the newly-appointed Digital Secretary today celebrated the UK tech industry at the opening of London Tech Week.

London Tech Week is taking place all week until 24 September 2021. The week provides the tech eco-system with a platform to come together to drive change. This year, the agenda supports economic recovery in a sustainable, inclusive and resilient manner and addresses challenges, from bridging the digital divide to battling the Covid-19 pandemic.

London Tech Week’s mission is to build a better, more inclusive, digital world by gathering the world’s most inspirational founders, global leaders, senior investors and rising stars to collaborate and discuss the vital role of technology on society.

Nadine Dorries MPDorries was appointed Digital Secretary in Boris Johnson’s recent cabinet reshuffle. Speaking at the opening of London Tech Week, Dorries said, “It’s been a baptism of fire. I only took over the role of Digital Secretary on Wednesday – and I’m already here amongst you, three days later, kicking off the biggest tech event in Europe.”

“That’s just quite amazing.”

During her speech, she praised the UK tech sector, saying, “Year after year has seen record-breaking growth – and this morning, my department has just released new stats that show we’ve just smashed all previous records for unicorns – billion dollar tech companies – and for venture capital investment in 2021.”

“It took us 24 years to create our first 20 unicorns. We’ve already matched that in the first six months of this year.”

“We now have more than France and Germany combined.”

“And the UK tech industry has raised £13.5 billion in the first half of the year – almost three times what was invested in the same period last year.”

However, Dorries said more was to be done. She said, “I want all of those businesses to stay in the UK, to grow in the UK, and to become global brands, based right here in the UK.”

“We’ve cracked start-ups.”

“Now it’s time to go big, and to begin paving the way for a new generation of British tech titans.”

She also spoke about changing attitudes towards the tech industry. She said,”…I know that amongst tech entrepreneurs, the UK can still be seen as a bit “stuffy”.

“Some institutional investors continue to treat the tech industry with suspicion, or balk at the amount of change the industry is driving.”

“Well, that era is officially over.”

“To this government, it doesn’t matter what you look like, it doesn’t matter where you came from. What matters is who you are. You are the entrepreneurs of today.”

“And we’re on your side, and we’re ready and waiting to celebrate your success with you.”

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