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ARTICLE · 15 MARCH 2021

Start As We Mean To Go On? The 'tech' Budget 2021

Gowling WLG
Gowling WLG
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Gowling WLG

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We have picked out some of the key points that tech businesses and entrepreneurs should be aware of and consider taking advantage of.

United KingdomTechnology
David E. Brennan
David E. Brennan
Lara Epsley
Lara Epsley
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After a year of economic disruption, the 2021 Spring Budget was eagerly anticipated - not least by the burgeoning UK tech sector, which has achieved record levels of early stage investment over the last year. For many tech companies, the Budget introduced a raft of measures aimed at reducing barriers to growth and setting the UK up as a global player in the industry. We have picked out some of the key points that tech businesses and entrepreneurs should be aware of and consider taking advantage of.

1. Fast-track visa scheme

The UK has already taken steps to cement itself as a hive for tech industry talent with the Government announcing funding support for the world's first artificial intelligence (AI) and data science conversion courses in 2020. They have doubled down on their support for developing the UK tech industry in the Budget with a new visa scheme that aims to remove burdensome administrative requirements for applicants to tech scale-ups. With many

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