Barclays Eagle Labs has officially launched its government-funded two-year support program aimed at assisting UK tech businesses. Earlier this year, Barclays received a £12 million Digital Growth Grant, a decision that drew controversy as it led to the closure of the previous grant recipient, Tech Nation.
David Hamilton, head of implementation at Barclays Eagle Labs, has acknowledged mixed reactions within the industry, with some viewing his unit with skepticism. However, Barclays is now moving forward by opening applications for a range of programs designed to address critical challenges faced by businesses and to promote regional growth within the UK tech sector.
One initiative, an ecosystems partnership program, will allow organizations outside of London to apply for funding and implement tailored programs that address local needs. In collaboration with the Cambridge Judge Business School, business leadership teams will receive customized coaching and access to specialized learning focused on scaling up. Additionally, Eagle Labs will host a six-month scaleup program in partnership with Plexal, targeting solutions for societal challenges.
Further offerings will include programs in healthtech and agritech, as well as a funding readiness initiative. Later in the year, a program specifically for black-founded tech businesses will be introduced, while efforts to support female-led firms will continue.
Paul Scully, Minister for Tech and the Digital Economy, stated, “Through the government-funded Digital Growth Grant, Eagle Labs will offer support and opportunities to help tens of thousands of startups and scaleups unlock their full potential. This is central to our plans to make the UK a tech and science superpower.”