What are the challenges to scaling up in the UK? Lords Committee to ask experts
Friday 25 October 2024
The House of Lords Communications and Digital Committee will next week take evidence from investment bankers, venture capital firms and tech entrepreneurs as it investigates the challenges facing AI and creative technology companies.
The Committee is exploring the scale-up scene and why the UK still struggles to turn innovative start-ups into successful scale-ups, and ensure their long-term expansion happens in the UK.
The evidence session will start at 2:30pm on Tuesday 29 October in Committee Room 3 of the House of Lords. Giving evidence to the Committee will be:
- Erin Platts, CEO, HSBC Innovation Banking
- Alex Kendall, CEO & co-founder, Wayve
- James Wise, Partner, Balderton Capital
- Michael Holmes, CEO, Scale Space
Issues the Committee will cover with the witnesses include:
- The importance of companies achieving scale within the UK, and implications for the new Government’s growth plans.
- The challenges posed by the relative size of the UK domestic market.
- How much it matters if investment comes from within the UK or foreign sources, alongside questions on the potential impact of recent financial reforms.
- The role of scaling hubs, and the importance of access to skilled employees and infrastructure.
- The role of Government investment vehicles - such as the British Business Bank and National Wealth Fund.
- The impact of regulation, and what more the Government can do to support UK businesses in the AI and creative tech sectors.
