Transparency data

Matt Clifford's declared outside interests

Updated 24 February 2025

Last updated: 12 February 2025

1. Appointments

Matthew currently holds, or has previously held, the following appointments in the Department for Science, Innovation and Technology:

Role	Start date	End date
Prime Minister’s AI Opportunities Adviser	13 January 2025	12 January 2026
Lead Reviewer of the AI Opportunities Action Plan	22 July 2024	3 September 2024
Member of the AI Safety Institute Advisory Board	3 November 2023	Ongoing
Prime Minister’s Representative to the AI Safety Summit	1 August 2023	2 November 2023

2. Register of interests

Under the Code of Conduct for Board Members of Public Bodies, appointees in the Department for Science, Innovation and Technology are required to declare any private financial or non-financial interests of your own, or of close family members, which may, or may be perceived to, conflict with their public duties.

2.1 Personal interests

A family member is a research scholar at the Centre for the Governance of AI, a non-profit research organisation, and has recently been seconded to Department for Science, Innovation and Technology (DSIT), though this secondment has now ended.

2.2 Financial interests

No further financial interests to declared in addition to those listed in section 3.

Private shareholdings

Direct investments:

Entrepreneur First Operations Limited (venture capital)

Koru Kids Limited

Innovate42 Limited

Causally, Inc

TRC Space Limited

LabGenius Ltd

Relish Technologies Limited

Puraffinity Ltd

Anikin Limited

Undo Holdings Ltd

FFC Land LLP

Sylvera Ltd

Onin Ltd

Rarebase, PBC

Phasecraft Ltd

Patch Places Ltd

Kernel Technology Limited

Inferex, Inc

Peony (US), Inc

Helsing GMBH

Even Healthcare Private Ltd

Woolf, Inc

Claimer Tech Ltd

Honu AI Limited

Anzen Technologies, Inc

BondAval Ltd

Pychon Ideas Inc

Xcharta Limited

Xfuel Ltd

Landscape Ventures Ltd

Our Stance Ltd

Programmable Equity OÜ

Unearthly Materials Inc

Permutive, Inc

San Francisco Compute Company

Prometheux

Echobox Ltd

Code First Girls Ltd

Magentic

Faculty Science Ltd (now divested in full)

Investments held through EF3 Holdings LLP:

Tractable, Inc

Ceed Ltd

Hadean Supercomputing Ltd

Octagon I/O Ltd

Private funds which Matthew is an investor in:

Tiny I

Tiny II

Tiny II EIS

Plural Platform

Chalfen Ventures III

Firedrop LP

2.3 Outside occupations

Co-founder and CEO of the Entrepreneur First Operations Limited (venture capital)

Co-founder and director of Code First Girls Ltd (technical education provider)

Chair of the Advanced Research and Invention Agency (non-departmental public body)

Member of the Investment Advisory Committee of Samos Investments (venture capital)

Non-executive director of Omnipresent Ltd (not remunerated)

Non-executive director of Accurx Ltd (not remunerated)

Non-executive director of Code First Girls Tld (not remunerated)

Non-executive director of Entrepreneur First C.I.C. (not remunerated)

2.4 Voluntary roles

Trustee of the Kennedy Memorial Trust

2.5 Previous employment, appointment or other outside roles

None declared.

2.6 Business interests

None declared.

2.7 Procurements

None declared.

2.8 Any other relevant interests

None declared.

3. Mitigations

3.1 Prime Minister’s AI Opportunities Advisor

For the role of the Prime Minister’s AI Opportunities Advisor, Matt has agreed to be bound by the following conditions as set out in the terms and conditions of his appointment:

1. You must declare, to the Permanent Secretary of the department, any private financial or non-financial interests of your own, or of close family members, which may, or may be perceived to, conflict with your public duties.

2. You must complete a declaration of interest form when you first accept your appointment and then review this declaration annually. You must amend your declaration at once if your interests change by contacting the department’s Partnerships Team.

3. You must inform the Permanent Secretary, in advance, of any new appointments that may impinge on your performance of your responsibilities under this Letter of Appointment.

4. During the period(s) of your appointment, you must not take up any new appointment or employment or be directly or indirectly engaged in any other public body, business, trade, profession, or occupation, whether paid or unpaid, unless agreed with the Permanent Secretary.

5. You must remove yourself from the discussion or determination of matters in which you have a financial interest. In matters in which you have a non-financial interest, you should not participate in the discussion or determination of a matter where the interest might suggest a danger of bias.

6. All information on potential conflicts of interest will be held by the department and could be disclosed to the public under the Freedom of Information Act 2000. In accepting this appointment on the terms within this letter you thereby consent to this disclosure.

7. The Scope: You agree to be bound by further conditions in relation to any financial interests, either personal or through other investment routes in companies where either the primary or significant portion of their business falls within the scope of: the development and deployment of artificial intelligence applications; the training of artificial intelligence models; the development and deployment of artificial intelligence safety tools; the development of digital skills within the UK; or, the development and deployment of compute or digital infrastructure; which herein will be collectively referred to as ‘the Scope’.

8. The Time Period: You agree to be bound by these further specific conditions for the period of your appointment (the Time Period) in relation to any financial interests that fall within the Scope: (a) You will not make any new investment. (b) You will recuse yourself from investment and divestment decision making. (c) You will not alter the size of your existing stock holdings without the express written agreement of the Permanent Secretary. You agree that if the Permanent Secretary does approve a request for you to divest yourself from stock holdings that you will be bound by their decision as to whether it is appropriate for you to make a gain from that divestment above the value of the holding on the day before the term of your appointment began, subject to agreement with the relevant buyer noting that the divestment may take place later. (d) You will recuse yourself from any public sector procurement decision during your appointment. (e) You will not change your interests in funds or collective investment vehicles in which you are: a passive minority investor; and, holding an interest of more than an estimated £2,500 in any single company within a portfolio; and, which have investments in portfolio companies.

9. You agree to use reasonable endeavours to personally divest from Faculty as soon as reasonably possible. If you are unable to divest specific assets within six months, you and DSIT will decide how to proceed given the specific circumstances of the case. The price at which the assets are sold will be at no more than the price at the time of signing this agreement rather than the price at the point of sale.

10. This might be calculated via the most recent valuation, or where there has been no valuation within the last 12 months, the price as determined by the relevant company and yourself. You agree to discuss with the DSIT in cases where the sale price is not determined by a valuation within the last 12 months.

11. From the start of your appointment and for a time-limited period of 10 weeks after your appointment concludes you: must recuse yourself from all investment decisions and must not provide any investment advice to Entrepreneur First Operations Limited or advice to the companies in which it has investments that fall within the scope; and, you further agree that Entrepreneur First Operations Limited will not make any investments in companies which you have advised or provided coaching to from the date of your appointment which fall within the scope.

12. You are bound by the confidentiality clauses set out in section 9 and must not share confidential information gained during this role with any individual who you are coaching or providing any other form of advice to.

13. You may be released from the obligations set out in section 11 with the written authorisation of the Permanent Secretary to confirm that you have no knowledge of confidential information of commercial value on current or future government policy for the sub-sector in which the investment is to be made.

14. We do not anticipate that your role as the Vice-Chair of the Artificial Intelligence Safety Institute or your role as the Chair of the Advanced Inventions and Research Agency will present a conflict with this appointment, however, in the event you believe a perceived, potential or actual conflict of interest may arise, please inform the Permanent Secretary.

15. On the termination of your appointment, you agree to discuss with the Permanent Secretary whether you have knowledge of any material non-public information and what impact this may have on your future approach to investments.