T

The Parliamentary Under-Secretary of State, Department for Business and Trade and Department for Science, Innovation and Technology (Baroness Lloyd of Effra) (Lab)

Speaking in the House of Lords on 1 June 2026

Debate

Sovereign AI Fund

Contribution

The sovereign AI fund will support early-stage British start-ups at strategically important parts of the AI value chain, including AI infrastructure and compute. It is not designed to replace foreign cloud providers or achieve total UK self-sufficiency. Instead, the fund seeks to reduce our strategic dependence and ensure that the UK has a stake in a world economy transformed by AI.

More from The Parliamentary Under-Secretary of State, Department for Business and Trade and Department for Science, Innovation and Technology (Baroness Lloyd of Effra) (Lab)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

Partner sites