UK government launches £700k fund to boost cyber security sector

Cyber businesses across the UK are set to benefit from a £700k fund to help develop people’s skills, collaborate and break down local barriers to growth. The funding – from the Department for Digital, Culture, Media and Sport – has been awarded to UK Cyber Cluster Collaboration, a network of 20 regional clusters of cyber businesses, employers and local organisations which work together to boost the UK’s cyber security sector.

The organisation was established to help cyber security businesses build partnerships and programmes which break down barriers to growth, such as skills gaps and a lack of business support, and provide a focal point for industry stakeholders to engage with. The fund will be used by the UKC3 to provide opportunities for networking, knowledge sharing and funding to help develop skills and spur innovation.

Minister for digital infrastructure Matt Warman announced the new funding today at industry event InfoSec. He said: “Our cyber security sector is already worth £8.9bn and we’re working tirelessly to take its magnificent growth to the next level.”

UKC3 chair Richard Yorke said: “Through greater collaboration, innovation and skills development we have a real opportunity to deliver growth that benefits businesses and individual citizens across the UK. 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.”

He added that the funding is part of the government’s wider work to develop the UK’s strength in cyber post-pandemic, and that work is already underway to develop a new national cyber strategy, which the government intends to publish later this year.

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