The UK urgently needs an industrial plan to develop sustainable growth, employment, and wealth from intellectual property (IP)-rich technology industries. Britain has the potential to generate a significantly larger contribution to GDP from these industries to create sustainable employment and national wealth.
Working with leaders from business, academia, and politics, the Micro Focus Technology Manifesto will be developed, refined and modelled to provide firm plans and recommendations.
Three areas hold the potential to step-change the technology sector’s contribution to UK plc – entrepreneurship; academic connections with industry; and a consistent fiscal framework for growth and prosperity.
The goal is to create the environment within which more UK-based technology businesses will flourish.
To achieve this, the Micro Focus Technology Manifesto recommends five directional priorities:
- Jobs, jobs, jobs… Increase the supply of world-class technology talent in the UK
- Harness the expertise and goodwill of successful leaders around the world to mentor leaders of UK-based emerging technology businesses
- Radically change the tax incentives available to companies and individuals who want to invest in growing technology businesses
- Implement specific fiscal incentives for UK-based tech companies seeking to accelerate world-leading R&D
- Proactively encourage international technology companies to invest in the UK
