New Government spending in IT announced
A ‘significant’ new government investment, which is aimed at boosting the UK’s e-infrastructure, should come as great news for IT contractors in the UK this Autumn. Universities and Science Minister David Willetts has announced a £145 million cash injection which is intended to ‘catalyse growth and innovation’ in the engineering, computing and design sectors. This will lead to a number of new projects being given the go-ahead, meaning a huge opportunity for IT contractors.
The Government believes that the country’s future economic growth is heavily dependent on making major improvements to the UK’s computing structure, which in turn will help to generate much-needed confidence amongst investors that the UK is a good place to bring their business. Mr Willetts thinks that there is ‘potential for considerable innovation in the UK’s design and manufacturing infrastructure’, and that this is likely to cause a ‘domino effect’ of innovative developments in other sectors.
As an example of the type of projects which the money will enable, a chunk of the £145 million will go to the UK’s universities, which will be given the go-ahead to commence sophisticated research and development into new means of securely storing vast amounts of data. Across numerous industries, there is a growing consensus that IT is vital to the UK’s growth prospects, which should ensure future work for the country’s IT contractors for some time to come.