The UK Government wants to work collaboratively to generate growth in cyber businesses, for this purpose UK Government announced £700k in funding to boost cyber growth in the United Kingdom.
UK government said that Cyber East is excited to work closely with us and also the UKC3 team are being able to provide a platform for collaboration, knowledge sharing, networking, raising standards, and ultimately business growth.
UK Government £700k Investment
As the statement by UK Government that they want to strengthen cyber security in their country, so the UK cyber companies are expected to receive a large funding increase to aid in the development and expansion of their cybersecurity strategies. Finances for the UK Government help the UK3 team and Cyber Cluster Collaboration with the Department for Digital, Culture, Media, and Sport (DCMS). NCSC 700k is one of the most noticeable funding across the cybersecurity sector.
The £700,000 award will enable UKC3, a network of 20 regional clusters of cyber businesses, “improve people’s skills, collaborate, and remove local growth impediments.” The money will “offer opportunities” for networking, knowledge exchange, and funding to support skill development and innovation. Additionally, to promote UK cyber growth, online firms, employers, and neighborhood associations will now collaborate.
Their cybersecurity sector is currently worth £8.9 billion, and they’re working assiduously to take its wonderful growth to the next level, said Minister for Digital Infrastructure Matt Warman in response to the investment, As per ncsc 700k sealbloomberg.
“Their new UK Cyber Cluster Collaboration will assist address growth bottlenecks, increase people’s digital abilities, and provide businesses with a new avenue to improve their business acumen.”
UKC3 was created as a focal point for industry players to engage with in order to help cybersecurity firms and enable them to construct partnerships and programmes, such as tackling skills gaps and a lack of business support.
Richard Yorke, head of UKC3, continued, “The UK’s expanding cyber sector is regarded as being among the best in the world, and with more collaboration, innovation, and skill development, we have a real possibility to drive growth that helps businesses and individual people across the UK.”
Through increased collaboration, innovation, and skill development, we have a real chance to produce growth that benefits businesses and individual residents across the UK. The UK’s growing cyber sector is recognized as a global leader.
The cyber industry is at a pivotal and exciting period, and we want businesses to work with us to promote sector growth.
The money is a component of the government’s larger effort to strengthen the UK’s cyber capabilities as we recover from the epidemic and increase prosperity and security. A new national cyber strategy is now being developed, and the government plans to release it later this year.
“The cyber industry is at a vital and exciting period, and we want organizations to partner with us to foster sector growth.” Below are the global stats for the cybersecurity revenue till 2027 as per Statista
The money is a part of the government’s larger effort to strengthen the UK’s cyber capabilities as the nation recovers from the pandemic’s effects. The government is now working on a new national cyber strategy, which it hopes to release this year.
The latest round of funding is a great assistance to UK tech firms, which are now prioritizing cybersecurity more than ever. According to data from Reports, as the problem’s reach “continues to both grow and increase,” businesses in the UK are investing more money than ever to confront the “rising cyber menace.”
Companies were targeted more frequently in 2020 than in 2019, with 28% receiving more than five total targets, according to the statistics. The UK was cautioned in March not to “get complacent” in the face of cybersecurity dangers by Lindy Cameron, CEO of the National Cyber Security Center (NCSC).
She claimed that while the UK’s cybersecurity landscape “reflects great progress and relative strength,” it is not a situation in which we should become comfortable. With this funding, there is a great possibility to grow the number of clusters in the UK, close the coverage gaps in the regions already mentioned, and foster collaboration both locally within clusters and nationally through inter-cluster collaboration.
On this mission already are the current clusters: For instance, Wales’s education and training cluster seeks to “bring together businesses, schools, colleges, academia, and the public sector,” but CyberNorth, the cluster for the North East of England, strives to “Make a lot of noise to create awareness and build belief.”
Although £700k seems like a lot of money, in reality, such numbers don’t go very far, therefore UKC3 will need to be resourceful and innovative to make the most of it to fund the widest range of activities.
Growing a nationwide network of Cyber Clusters is the first and most fundamental step in this effort. However, it continues by being as creative as possible with events, communication, and cutting-edge methods for collaboration with parties both inside and outside the cyber business.
What Is The Mission Of Ukc3?
The UK Cyber Cluster Collaboration was established to assist Cyber Clusters in their goal of stimulating industry growth. To do this, we provide finance as well as networking, knowledge-sharing, best practice sharing, and opportunity identification chances for regional and ultimately national growth.
As a national organization, the UKC3 collaborates with the public, corporate, and academic sectors and offers organizations desiring to interact with the UK Cyber Cluster community as a single entity.
FAQs
Ans. Lindy Cameron
Ans. 2021
Ans. 20
Ans. Digital, Culture, Media and Sport
Ans. £700K
