2024 UK Spring Budget allocates £100m to Alan Turing Institute, doubles AI commitment and introduces a £7.4m AI upskilling fund for SMEs.

The UK's Spring Budget 2024 allocates £100m to the Alan Turing Institute for AI and data science, doubling its commitment to the country's AI sector. The government also announced a new £7.4m upskilling fund pilot for SMEs to develop AI skills. Chancellor Jeremy Hunt highlighted the UK's high number of AI start-ups and a tech economy three times larger than France, aiming to make the UK a pioneering ecosystem for AI technology.

March 06, 2024
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