UK Tech Sector

International Trade – in the House of Commons on 18th June 2020.

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Photo of Alan Mak Alan Mak Conservative, Havant

What support her Department is providing to the UK tech sector to help them export and access overseas markets.

Photo of Graham Stuart Graham Stuart Parliamentary Under-Secretary (Department for International Trade)

I know that my hon. Friend is, like me, proud that the UK tech sector is the dominant and most successful in Europe. With 79 unicorns and counting, last year the sector attracted a third of all European tech investment—more than France and Germany combined. That success has continued this year, and just last week the Secretary of State launched a new tech strategy to support the internationalisation of our firms, including a digital trade network across the Asia Pacific.

Photo of Alan Mak Alan Mak Conservative, Havant

British entrepreneurs are at the cutting edge of developing technology medicines—from apps to medical devices—in the fight against coronavirus. What support is my hon. Friend giving to our health tech start-ups to access overseas markets where British innovation can help to save lives?

Photo of Graham Stuart Graham Stuart Parliamentary Under-Secretary (Department for International Trade)

My hon. Friend is right: companies such as Cambridge-based C2-Ai, which last week won the CogX award for covid-19 health innovation, are leading the way in the UK’s cutting-edge health tech sector. C2-Ai saves lives by predicting avoidable harm and mortality to free up capacity in intensive care units for covid-19 patients. My Department is supporting dozens of firms just like C2-Ai that are looking to provide covid-19-related treatments. We have also produced a directory of those British digital health companies that provide covid-19 solutions and shared that with our international network, in response to inquiries from Governments around the world.