Proactive Investors - Britain has shelved its plans for a £1.3 billion funding package, aimed at supporting domestic tech and artificial intelligence projects, reports from the BBC revealed.
Starmer's new Labour government decided to scrap the funding, which was promised by the former Conservative leadership, as it looks to get the country's finances in order.
Part of the cash was set to be used to develop the £800 million exascale supercomputer at Edinburgh University, while another £500 million was earmarked for AI Research Resource, the fund supporting computing power for AI.
Both funds had been announced less than 12 months ago.
The Department for Science, Innovation and Technology (DSIT) said the cash was never allocated by Sunak's government in its budget, despite promising the funding.
"The government is taking difficult and necessary spending decisions across all departments in the face of billions of pounds of unfunded commitments," said DSIT in a statement.