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UK businesses are set to be at the heart of the fourth industrial revolution

The EU Commission has published details on how businesses across the EU, including those in the UK, can get better access to the technologies that will help them to modernise.

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The innovative package includes improving access to cloud computing and services, data analytics and the Internet of Things. It will improve the way the UK does business in the research, technology and industrial sectors, and enable UK companies to compete globally.

Business Minister Baroness Neville-Rolfe said: “The fourth industrial revolution will fundamentally change the way we do business in this country. As with previous industrial revolutions, the expectation must be that the net effect will be positive for almost everyone.

“The package set out by the European Commission contains stimulating ideas about how businesses can embrace new and interesting ways of working.

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“I look forward to working with the Commission on a package that works for UK businesses and agreeing a way forward in the Competitiveness Council.”

The package builds on the existing work going on in the UK, such as digital catapults and support for quantum technologies. It will also help our business and research communities make the most of EU research and development in high technology areas.

It sets out suggestions in four areas of working:

Today’s Digital Single Market proposals follow repeated calls from UK ministers for the EU to deliver key priorities for the Government’s EU reform and competitiveness agenda. Acting at a European level helps UK businesses gain access to the European single market.

The actions will in part be funded by Horizon 2020, the biggest ever EU research and innovation programme with €80 billion of funding available over 7 years (2014 to 2020), alongside private investment.

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