This morning (January 29, 2025), Rachel Reeves, Chanceler of the Exchequer, outlined her plans for various infrastructure projects to deliver growth.
Katie Gallagher, MD at Manchester Digital and Chair of UKTCG, said of today’s announcement:
“It’s positive to see recognition of Manchester as the fastest-growing tech sector outside of London, alongside commitments to regional infrastructure and investment through initiatives like the National Wealth Fund and Office for Investment pilots. Transport investment is critical, and we welcome the Chancellor’s commitments, including funding for the redevelopment of Old Trafford and wider infrastructure projects.
“However, while the Oxford-Cambridge Growth Corridor is undoubtedly world-class in research and innovation, ensuring its benefits extend across the wider UK must be a priority. We need to see a truly national approach that supports growth in all regions and prevents deepening economic divides.
“With the Chancellor’s commitment to go ‘further and faster,’ we hope this means real urgency in delivering the changes businesses need—including expedited reform of the Apprenticeship Levy under Skills England, which would be a game-changer for tech skills development.
“We look forward to more detail in the Spending Review and call on the government to back regional tech clusters with direct investment that supports innovation, talent, and scale-up growth outside of the South East.”
