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UK Government has announced £10m of support for fifteen projects that will help to frame the regulatory environment for the technologies of the future. The Regulators' Pioneer Fund will provide earmarked funding for work within existing regulators to make specific improvements across the four priority areas identified in the Government's Industrial Strategy.
The winning projects are:
AI and data
Future of mobility
Of course, these focused projects will not build a regulatory framework suitable for all innovative technologies - there's nothing here on driverless cars or robotics for example - but taking a practical approach to problems identified by existing regulators is a good start. Several of the projects involve new regulatory sandboxes. This is promising given how popular these have been with innovators in the FinTech sector.
Senior Legal Adviser
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