Kyle is set to pledge £2.7m in government funding to help regulators trial AI systems across sectors including drones, aviation, nuclear power and clean energy. Credit: Lucy North/PA Wire

Technology secretary Peter Kyle will use his speech at Mansion House tonight to urge UK regulators to adopt AI in a bid to cut approval times for businesses, as Britain seeks to keep pace in the global race for tech leadership.

Kyle is set to pledge £2.7m in government funding to help regulators trial AI systems across sectors including drones, aviation, nuclear power and clean energy, City AM can reveal.

He argues the move could accelerate investment, reduce red tape and make the UK more attractive to fast-growing firms.

“Too often British innovators are waiting months for approvals whilst competit

See Full Page