British cybersecurity firms are set to receive £700k in funding to help them bolster their businesses in terms of employment, skills development, and business expansion.
The funding from the Department for Digital, Culture, Media and Sport (DCMS) will be awarded to the UK Cyber Cluster Collaboration (UKC3), a network of 20 clusters of cyber businesses, employers and local organisations across the UK.
The funding will be used to “provide opportunities” for networking, knowledge sharing and aid the development of skills and spur innovation. The network of cyber businesses, employers, and local organisations will work together to boost the industry.
At the funding announcement, Matt Warman, Minister for Digital Infrastructure said: “Our cybersecurity sector is already worth £8.9 billion and we’re working tirelessly to take its magnificent growth to the next level.
“Our new UK Cyber Cluster Collaboration will help tackle the barriers to growth, boost people’s digital skills and give firms a new route to develop their business acumen.”
Richard Yorke, Chair of UKC3 commented: “The UK’s thriving cyber sector is recognised as world leading and through greater collaboration, innovation and skills development we have a real opportunity to deliver growth that benefits businesses and individual citizens across the UK.
“This is an exciting and pivotal time for the cyber industry and we encourage organisations to engage with us to drive growth in the sector.”