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WHAT DOES A CONSERVATIVE GOVERNMENT HAVE IN STORE FOR THE UK TECH INDUSTRY

Monday 11th May 2015
The election is now over, David Cameron and his conservative party will continue in power for another five years after winning a majority of the parliament seats.

So what does a Tory government have in store for the tech industry?

SUPERFAST BROADBAND FOR ALL

The government have launched major initiatives and increased reaches and spends in hopes of making our country more efficient and connected with superfast broadband.

The conservative’s 2015 manifesto has pledged £790 million of further spending will be invested in broadband in rural areas, with hopes that by 2017 95% of the UK’s land will have broadband coverage.

TECH START UPS

The Tory’s aim to encourage tech start-ups by increasing the amount spent on start-up loans to £300 million. The Tory’s also state they will offer tax reliefs to smaller/medium sized businesses.

‘Tech incubators’ will also be invested in. These will help research and development thrive.

5G

The Tories want the UK to be the world leader in the progression of 5g network technology.

However, realistically a scheme of this magnitude will take years in the making. Therefore it is expected that this won’t be a feature in the UK until a couple of years after the next general election.

ROBOTS / NANO TECHNOLOGY AND DRIVERLESS CARS

The new government will work closely with the motor industry to encourage its growth. This could mean legislation in the not so distant future that will include the testing of driverless cars on British roads.

The conservatives are also said to be big on committing to the eight great technologies including robotic and Nano technology. And hopes the UK will become a leader in this area in the future.

INTERNET OF THINGS

The conservatives have stated they intent to heavily invest in the Internet of Things, but without really going into any specifics. The Tory manifesto, however, states that by 2020, it is the party's pledge that all homes and businesses in the country will at least have a smart meter to control their energy supplies.

This will allow individuals to control their energy consumption more efficiently and reduce costs. The manifesto also states that should a consumer be unhappy with their current energy provider, the technology will be such that they will be able to switch gas and/or electricity supplier within "one day".

TRAVEL

Alongside the NHS and police force, which have both been targeted with technological innovations and IT initiatives, the transport sector will have smart ticketing systems introduced, with refunds and passenger compensation agreements in place in the case of trains running more than a few minutes late.

Trains will also have Wi-Fi fitted as standard through an investment of "millions of pounds" and the mobile phone network on routes will be improved to maintain signals.

All sounds promising, but will the conservatives be able to deliver and keep to the pledges they’ve put in their manifesto?

We’d be interested to hear thoughts from the technology community about this, do you think the Tories will help the UK tech scene prosper? Do you think another party would have been a better fit to help the tech industry?

Let us know, keep the conversation going by tweeting us @amsourcetech.


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