5G industry news Telecommunications Topic | Open RAN

Accelerating the pace of telecoms innovation

  • 2 minute read
  • Published by Kate Bealing on 1 Aug 2022
  • Last modified 1 Aug 2022
The Department of Digital, Culture, Media & Sport has published a prospectus for the UK Open Networks R&D Fund, 2022-25

The UK is a global player. With the fifth largest economy in the world, we have a long and successful history of collaboration and pride ourselves on our support for global partnerships. The UK has attracted significant foreign direct investment, securing a third of the total £89.5 billion that flowed into the European tech ecosystem in 2021.

We are the number one major European economy for ease of doing business. The UK does not deduct dividend withholding tax, allowing full repatriation of net profits to overseas shareholders. Businesses also benefit from a research and development (R&D) tax credit worth 13% of qualifying expenditure.

The UK boasts an impressive depth of research, development and industrialisation capability, including 90 world-class universities - with four in the global top ten. We attract global talent to our diverse and vibrant society and make it easy for people to work here. Our skilled workforce is flexible and adaptable, ready to rise to the challenges of developing new telecoms solutions to meet the ambitions set out in the UK’s 5G Supply Chain Diversification Strategy.

This foundation of excellence will build a more competitive, innovative, and diverse supply chain for the global telecoms market. DCMS' commitment of £250 million through the Open Networks R&D Fund will help develop the performance, economics, and security of open-interface solutions so that they become competitive and viable for scale commercial deployments as soon as possible.

DCMS invites you to explore their new prospectus, engage through the UK telecoms innovation network to explore what we have to offer, see how you can co-invest in our global ambitions, meet our experts and experience the exciting possibilities that telecoms networks will enable for our everyday lives and businesses.

You can view the prospectus here.

And don't forget to register for the briefing events for the International R&D collaboration here and the Academic research project here.