£4 Million Government Fund To Help SMBs Break Into Cyber Security Market

On September 17, 2014 by Max Smolaks
 
Next year, the UK Government will give a total of £4 million to small businesses that can develop new ways to tackle cyber security threats.
The fund, aimed at boosting the country’s security software exports, was announced by Business Secretary Vince Cable at the first ever US-UK Global Cyber Security Innovation Summit in London.
He promised more funding for the security sector and appointed a cyber security small business champion – Andy Williams, who is doing a similar job at the technology industry trade association techUK.
“The growth of the cyber security sector in the UK is a great success story, worth over £6 billion and employing around 40,000 people,” Cable said.
“Building a strong and resilient cyberspace in the UK is central to ensuring that our companies can make the most of business opportunities online, whilst avoiding potentially costly threats to the information they hold and the services they provide.”
 
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