Question to the Department for Science, Innovation & Technology:
To ask His Majesty's Government what assessment they have made of the contribution of investment by artificial intelligence and cyber security companies to the UK technology sector.
The AI and cyber-security sectors make up core parts of the UK’s growing technology sector as set out in the Modern Industrial Strategy digital and technologies sector plan. The UK AI sector alone contributed £11.8 billion in Gross Value Added to the UK economy in 2024, supporting more than 86,000 jobs. We have seen large recent investments in the UK from leading firms, including AMD's £2 billion commitment. In total, over £90 billion of capital investment has been pledged to be spent in the UK's AI sector since this Government came to power.
The Government’s Cyber Security Sectoral Analysis 2026 shows the UK cyber security sector is worth £14.7 billion and contributed £9.1 billion in GVA to the UK economy in 2025. The analysis found that UK dedicated cyber security firms raised £184 million of investment across 47 deals in 2025. Notable fundraisings in 2025 include Inforcer, which raised £26 million; Maze with £18.4 million and Optalysys with £23 million.