Government spending on science, engineering and technology is on the increase to combat the technology skills gap.

New Office for National Statistics figures have revealed that in 2014 the Government spent £11billion on SET, an increase of 0.4 per cent (at current prices) compared with 2013.

The need to provide high-end technology is not matched by the skills currently available.

A report from the Commons Science and Technology Committee found that the UK is facing a digital skills crisis, with 745,000 more workers with digital skills required by 2017.

Farida Gibbs, CEO and founder of Gibbs S3 – a Surrey-based workforce solutions IT company – said the skills gap is a real worry and can be offset by increased investment.

“One of the most vital things investment can be used for is securing talent with the right skillsets, who are able to provide the services that are required to cater to the digital native millennial generation,” she said.

“There is a gap between the digital skills which are possessed by employees and those which are needed.”

The technology security skills shortage is leaving firms at increasing risk of cyber security attacks, research has found.