Labour bets £1.1bn on Britain’s AI chip race

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The minister also unveiled a record British Business Bank commitmenthttps://www.cityam.com/wp-content/uploads/2025/06/54065573657_df1016c8c9_o.jpg?w=1107" />

Keir Starmer’s government has unveiled a £1.1bn package aimed at turning Britain into a global AI hardware “powerhouse” with ministers backing domestic chipmakers and allocating capital into training the next generation of engineers.

The new AI Hardware Plan, announced at London Tech Week by tech secretary Liz Kendall, includes £750m for a new national AI https://www.cityam.com/labour-bets-1-1bn-on-britains-ai-chip-race/">[...]

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