[4] Funding for the creation of the institute came from a £600m investment for the "Eight Great Technologies",[5] and specifically so-called "big data", signalled by the UK Government in 2013[6] and announced by George Osborne, Chancellor of the Exchequer, in the 2014 budget.

[10] The government's 2024 Spring Budget provided a further £100m, spread over five years, directed towards applying data science and artificial intelligence to healthcare, protecting the environment and bolstering national defence.

The resulting selection of the British Library in London was announced by the Chancellor of the Exchequer in December 2014 during the launch of the Knowledge Quarter, a partnership of organisations in and around the King's Cross area of the capital.

[15] The Alan Turing Institute was founded following a letter from the Council for Science and Technology (CST) to the UK prime minister (7 June 2013), describing the "Age of Algorithms".

[9] The Alan Turing Institute has since 2021 run an annual event called AI UK,[16] which is described as a national showcase of data science and artificial intelligence.

In 2015 Lloyd's Register Foundation became the institute's first strategic partner, providing a grant of £10 million over five years to support research into the engineering applications of big data.

Furthermore, it outlines how a lack of accountability and transparency, as well as poor decision making by the executive, are leading to a catastrophic decline in trust in leadership and rising levels of stress and burnout across employees.