Chancellor Rachel Reeves speech at the AI Adoption Summit
Delivered on:8 June 2026
https://www.gov.uk/government/speeches/chancellor-rachel-reeves-speech-at-the-ai-adoption-summit?utm_source=chatgpt.com
725words
1. tax-free equity - 비과제 지분보상/ 세제 혜택이 있는 지분보상
2. equity investments - 지분 투자
3. the Treasury - (영국) 재무부
4. Agentic AI - 에이전틱 AI ( 자율적으로 계획·판단·실행하는 AI)
5. generative AI - 생성형 AI
6. Spending Review for our NHS digital transformation - 국가보건서비스(NHS)의 디지털 전환을 위한 재정지출 계획
7. ambient voice technology - 앰비언트 음성기술(자동 음성기록 기술)
From the start, backing innovation has been central to my strategy for growth.
Three months ago, I built on that strategy, setting out AI and innovation as one of my three big choices for the UK economy.
In those three months since that speech, the technology has continued to advance at extraordinary speed. New capabilities, new applications, new competition between countries.
The OECD now estimates that AI could add between 0.4 and 1.3 percentage points to UK productivity growth over the next decade. That can mean up to £140 billion of additional economic output by 2035.
The winners of the AI age will be those countries that can get AI out of the lab and into businesses, factories and into front line public services.
Our modern industrial strategy is built to do exactly that, to take AI and other frontier technologies from invention to everyday tool.
I firmly believe that adoption is where the biggest gains lie. That’s why I want the UK to be the fastest adopter of AI in the G7.
But rapid adoption depends on the conditions that we create, the right infrastructure, strong British firms, and a plan for managing the transition fairly and seriously.
We all know that we start in the UK from a position of strength.
We are the third largest venture capital market in the world.
We create more unicorn businesses than almost any other country in Europe. We have the most vibrant AI and tech ecosystem outside of the US.
Many of the world's leading AI companies continue to expand their presence here.
That reflects the depth of our talent, the quality of our research base and our entrepreneurial culture. You’re all key to that. And we want to build on that to be one of the best places in the world for businesses to innovate, to start to scale and, crucially, to stay.
In my budget last year, I announced an ambitious package of measures to support scaling businesses, so that growing businesses can recruit, retain and reward world-class talent by offering tax-free equity up front.
And since then, we have received responses from hundreds of founders, investors and industry leaders about how we can continue to improve our support for businesses of all sizes.
In the last few months, we’ve gone even further to support the companies of the future.
Our national AI investment initiative is up and running. It has already made equity investments and supported companies through its compute offer.
And today, I can announce further investment to help AI hardware firms scale, unlock private investment and build lasting capability here in Britain.
You are all part of this story, adopting AI in the firms that you lead to boost productivity, boost capability and grow your businesses. And we’re the same in government.
In the Treasury, we’re already using AI to streamline routine tasks and starting to roll out frontier Agentic AI in the first instance to support coding and analysis.
Across government, we’re expanding the use of generative AI to improve public services, and the £10 billion I committed at the Spending Review for our NHS digital transformation is already funding initiatives to free up time for patient care through, for example, ambient voice technology.
To accelerate adoption, every industry needs a blueprint. And so today, I am very pleased to confirm the publication of AI adoption plans developed by our AI champions, working directly with their industries. These plans are practical, real-world guides that show what works for adopting AI in each sector and for businesses of all sizes, and show how government can act to harness potential and break down barriers to adoption.
Across almost every sector, businesses tell me that access to high-quality data remains a key barrier to their growth. The industrial strategy recognized data as a modern economic asset.
But in realizing its economic potential, we must safeguard privacy and security. So we are investing in data-sharing infrastructure, supporting smart data initiatives, and improving how public sector data is used across the economy. And there are practical examples already out there that we can learn from.
One initiative is testing how high-quality content from our national creative institutions can be shared securely and on clear commercial terms. We want to see more innovation of that kind, opening new routes to market and supporting responsible AI development.