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July 13, 2021

UK announces funding to support growth in cyber security sector

By Tech Monitor

UK funding cyber security sector
The funding will be used by UK Cyber Cluster Collaboration to boost cyber growth. Credit: Anna Sulencka from Pixabay.

The UK Department for Digital, Culture, Media and Sport (DCMS) has announced £700k funding to help boost cyber security growth across the country.

The funding will be used by UK Cyber Cluster Collaboration (UKC3), an organisation launched to support economic growth in the country’s cyber security industry.

UK Minister for Digital Infrastructure Matt Warman said: “Our cyber security sector is already worth £8.9 billion and we’re working tirelessly to take its magnificent growth to the next level.

“Our new UK Cyber Cluster Collaboration will help tackle the barriers to growth, boost people’s digital skills and give firms a new route to develop their business acumen.”

Involving a network of 20 regional clusters of cyber businesses, employers and local organisations, UKC3 helps cyber security businesses build partnerships and programmes break down local barriers to growth.

This work is also expected to help in stimulating innovation and support the development of cyber skills.

UKC3 chair Richard Yorke said: “The UK’s thriving cyber sector is recognised as world leading and through greater collaboration, innovation and skills development we have a real opportunity to deliver growth that benefits businesses and individual citizens across the UK.

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“This is an exciting and pivotal time for the cyber industry and we encourage organisations to engage with us to drive growth in the sector.”

The grant is expected to boost regional growth and employment in cyber security sector as well as help the country’s cyber firms develop skills, collaborate and expand businesses.

The latest funding forms part of the government’s wider efforts to strengthen cyber security sector while improving prosperity.

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