Communications and Digital Committee
AI and creative technology scaleups: less talk, more action

2nd Report of Session 2024-25 - published 3 February 2025 - HL Paper 71

Contents

Summary

Chapter 1: Introduction

Background to our inquiry

Startups, spinouts and scaleups

Box 1: Scaleups and SMEs

Areas of focus: AI and creative technology

Chapter 2: The technology scaleup problem

From startup to scaleup

Common barriers to scaling

Access to capital

Culture and risk appetite

Market size and conditions for listing

Regulation and procurement opportunities

Access to talent

Infrastructure

Government initiatives

Unlocking private growth capital

The British Business Bank

Other sources of funding

Tax credits

Tax incentives for investors

Other new government policies

Chapter 3: Scaling up: AI

The UK AI landscape

Box 2: France’s pro-AI-policies

The AI Opportunities Action Plan

Delivering homegrown AI

General purpose vs fine-tuned models

Talent

Access to compute

Finance

Data

Regulation

Adoption

University spinouts

Chapter 4: Scaling up: creative technology

The economic potential of createch

Challenges to scaling for createch companies

Finance

Research and development (R&D) tax credits

Access to talent and resources

Intellectual property and copyright

Government-funded programmes

Summary of conclusions and recommendations

Appendix 1: List of Members and Declarations of Interest

Appendix 2: List of witnesses

Appendix 3: Call for Evidence

Evidence is published online at https://committees.parliament.uk/committee/170/communications-and-digital-committee/publications and available for inspection at the Parliamentary Archives (020 7219 3074).

Q in footnotes refers to a question in oral evidence.





© Parliamentary copyright 2025