Leading technological companies in the UK have formed a coalition to will the creation of quarter of a million IT jobs over the next decade. This coalition has been developed by software firm Micro Focus who have asked other influential firms to sign their Technology Manifesto. They have said that due to a decline in manufacturing and the resulting “shock” to financial services, the IT sector needed a boost in order to stimulate the economy. More than thirty influential sector figures have backed this manifesto.
Micro Focus chief executive, Stephen Kelly said that the economy is presently “saddled with debt, decline, depleted industry and deteriorating employment”, however he believes that the IP-rich industries can “make Britain great again”.
The Technology Manifesto includes five directives for the IT sector. The directives include radical tax incentive overhauls for individuals and companies investing in the growth of technology business in this country. The manifesto states that ‘fiscal incentives’ should accompany these tax reforms for IT companies in the UK. They state that this will boost the output of world leading R&D from the UK. The Manifesto also suggests using the skill of IT entrepreneurs working in the overseas market by calling on their ‘good will’ to train IT start-up businesses in Britain which have a potential for high-growth.
The signatories on the manifesto state, “The over-riding goal of the manifesto is to increase UK technology jobs by 250,000.” The signatories include Kingfisher IT, Carphone Warehouse, Oracle, BT Global Services, Virgin Media, INSEAD and Tata Consultancy UK.
These companies said that the job creation process should “significantly raise the contribution by home-grown technology businesses to GDP over the next ten years, thus providing a real roadmap for recovery by creating sustainable jobs, businesses and wealth.”