L

Lord Ranger of Northwood (Con)

Speaking in the House of Lords on 1 June 2026

Debate

Sovereign AI Fund

Contribution

My Lords, perhaps I could highlight that the biggest challenge I see is not just initial funding. We welcome what the sovereign AI fund will do to provide compute and help commercialisation at a start-up moment for British AI companies, but the tragedy that we are seeing right now is losing those companies to international funders and overseas platforms. Once they reach a point for scaling, what will the fund or the Government do to help retain them, so they remain headquartered in the UK and continue to succeed commercially here?

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