UK must become a science and tech 'superpower' to avoid fate as 'price-taking nation'

Minister for investment Dominic Johnson

James Baxter-Derrington
clock • 1 min read

The UK must establish itself as a science and technology “superpower” in order to avoid becoming a “second class, price-taking nation”, according to minister for investment Dominic Johnson.

Speaking to Investment Week, Johnson explained the "white hot" activity fundamental to the nation's growth is the "new economy", which begins with university spinouts and the commercialisation of intellectual property. Within this, he highlighted the "clean tech revolution", alongside artificial intelligence, quantum processing and fusion technology, while also pointing to fintech firms in the financial space. Deep Dive: Big tech is 'impossible to avoid' but few investors know how to value it Ahead of this month's Global Investment Summit, Johnson added the UK was seen a "free, lib...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Bank of England leaves interest rates unchanged
UK

Bank of England leaves interest rates unchanged

Next MPC meeting in August

Sorin Dojan
clock 19 June 2025 • 1 min read
Martin Currie's Dan Green: Celebrating three decades of AIM
UK

Martin Currie's Dan Green: Celebrating three decades of AIM

Appealing valuations

Dan Green
clock 19 June 2025 • 3 min read
IFS' Helen Miller casts doubt on beneficiaries of Reeves' Spending Review
UK

IFS' Helen Miller casts doubt on beneficiaries of Reeves' Spending Review

Treasury Committee hearing

Sorin Dojan
clock 17 June 2025 • 2 min read
Trustpilot