Bank governor says UK innovation needs ‘supportive’ investment environment
The Bank of England said that the UK needs a “supportive yatırım investment environment to realize the economic benefits of innovative new technologies.
Speaking at an event in Edinburgh on Monday, Andrew Bailey said that “General Purpose Technologies” (GPT) (GPT) such as AI, Green Energy and Space Sector could lead to “industry growth” and productivity.
However, he said that the “necessary investment ği, which he said to be dependent on“ too much commitment ,, said.
“If we are at the top of seeing another progress in the GPT, we need conditions to support an environment in which investment is realized throughout the economy,” he said.
“We need to provide a policy framework that maintains growth and innovation from the official side.”
He continued: ız We should do our best to ensure that the domestic investment environment – the institutions I mean and the individuals who direct the investment to the need. ”
In addition, he said that the investment environment should allow the slow speed of “technological changes such as AI and space technologies, which devoted time to feed on economic improvements.
“In history, GPT innovation has benefited from long development periods and needed, so it is important to have an investment environment that supports such patient progress,” he said.
As a part of this, Mr. Bailey said, “It is necessary to take a pragmatic and open -minded approach to AI’s potential and risks.
Iz We must understand what he can and can do and create wider problems to be handled, ”he said.
“But I can tell the alarmists that the responsibility of solving such problems rather than publishing.”
Mr. Bailey received a positive note about the future of innovation in Scotland and England, and has recently praised some moves to support investment.
He described himself as a “strong advocate ve of the proposals of the UK government’s proposals to increase the investment level of the UK pension funds in British enterprises and showed the level of commitment to growth in the economy and the British people.
Authorized that the British Business Bank has increased its commitment to create growth capital in its unloved high potential companies in the UK, and the Scottish National Investment Bank said, “Trying to support longer -term investment projects”.
“These developments offer a real opportunity for high potential companies to produce external institutional capital,” he said.
Mr. Bailey made an opening speech at the Global Investment Summit of Scotland in the Scotland capital on Monday.
