Tech Nation shutting down as UK government pulls key funding

&gt; DCMS) had decided to give £12m of grant funding, which Tech Nation had relied on, to Barclays Bank<p>That is absolutely wild.. 12m to a bank surely is pocket change. What possible justification did they give for that?<p>They gave the funds instead to Barclays incubator who is a for profit organization.<p>Meaning they will simply push and invest in what is currently making money and not unproven technologies and sciences.<p>This won&#x27;t end well long term i feel.

the title is not strictly true is it?<p>a company the UK government has outsourced part of the &quot;tech talent visa&quot; check to has lost its government funding<p>no reason it couldn&#x27;t be done by someone else<p>the article also states the grant was for £12 million and 3000 people went through it<p>that&#x27;s quite a lot of taxpayer money per visa to check someone&#x27;s eligibility

The terrible thing is, I think most of us in the UK expect this from the current government and there feels like there&#x27;s nothing we can do to change that until next year, whilst chaos and corruption run free.

News from the UK is troubling...and intriguing. What would be the best resource to understand how the UK seems to be being sucked into the event horizon of an socio-economic blackhole of institutional collapse?

Never seen anything like it really. Over a £12mm handout they chopped the head off one of the most important visa endorsing bodies with no real plan to replace it. I&#x27;m sure they&#x27;ll scramble to find one but the absolute madness of it absolutely reflects the entirety of what&#x27;s going on in UK government at the moment.

Was anyone actually interested to go to the UK, especially post Brexit?<p>Here in the Bay it seems there&#x27;s a constant interest from British nationals to move to America (judging by the volume of applications we get). But I&#x27;ve never heard anyone interested to do the reverse.<p>Top destination for UK nationals in Academia was... the US [0].<p>[0] <a href="http:&#x2F;&#x2F;spectrum.ieee.org&#x2F;at-work&#x2F;tech-careers&#x2F;the-global-brain-trade" rel="nofollow">http:&#x2F;&#x2F;spectrum.ieee.org&#x2F;at-work&#x2F;tech-careers&#x2F;the-global-bra...</a>