UK announces new tech and insurance support for companies to help with rebuilding Ukraine
New tech and war risk insurance support was announced for businesses helping Ukraine to rebuild after the war, the press-office of the United Kingdom reports.
UK-Ukraine TechBridge was launched on Tuesday evening by Business and Trade Minister Nusrat Ghani ahead of its full rollout later this year. In partnership with the Government of Ukraine and private sector partners, the UK has developed the initiative from a Ukrainian proposal predating Russia’s full-scale invasion.
It will bring together the UK and Ukrainian tech sectors in a permanent physical space in London to harness opportunities for innovation and collaboration. The programme will have a focus on digital and business skills, ensuring ongoing professional development across the tech sector.
The Department has also created Business Bridge Ukraine, a digital platform which connects Ukrainian businesses to global companies, enabling virtual networking and supporting recovery through sustainable and long-lasting commercial relationships.
Julian David CEO at techUK said:
We are delighted to announce today that we are taking our partnership with the Ukrainian tech sector to the next level. Through the launch of the UK-Ukraine Tech Bridge and our Memorandum of Understanding with our sister association, IT Ukraine, techUK is committed to help supercharge a tech-led recovery for the Ukrainian economy and society.
Today marks the beginning of a new era of close cooperation between the UK tech sector and an incredibly dynamic, resilient, and competitive Ukrainian digital economy.
Andriy Dekhtyar Founder of Ukrainian company Rozdoum said:
The acquisition of Rozdoum by Adaptavist highlights the potential success of cross-border tech collaboration between the UK and Ukraine. Our relationship with Adaptavist has developed since 2017 and we’ve learned that our shared values make us a valuable partnership.
Becoming part of The Adaptavist Group has provided Rozdoum with the security of being part of a larger, international group company, which has enabled us to accelerate our growth and strive for more with their added support and expertise.
UK lead for international affairs and development at Deloitte Jonathan Pell said:
Deloitte is committed to peace in Ukraine and its longer-term recovery, and we are a signatory to the Ukraine Business Compact.
We have worked with the FCDO and now DBT on the TechBridge initiative from the outset, and look forward to continuing our support, by working with large tech firms to help Ukrainian citizens develop and enhance tech-related skills.
Nataly Veremeeva, the director of TechUkraine, attended the launch event. “We believe it is a useful and timely initiative. Such an instrument as UA-Ukraine Tech Bridge will help create a better connection between UK and Ukraine for the mutual benefit in these challenging times”, she said.
Read more about the Recovery Conference in London and the opinion of Oleksandra Vasylenko, the Director of the Department of Economic Diplomacy at the Ministry of Foreign Affairs of Ukraine.
