Micro Focus has used the Houses of Parliament for the venue to launch its Technology Manifesto arguing that through IT jobs can be created and prosperity will return to recession racked Britain.
As the traditional sources of jobs and wealth, manufacturing and recently financial services, have dried up the alternative model being proposed by the UK software vendor is to build more employment around intellectual property rich industries.
Flanked with figures from each of the three major parties the CEO of Micro Focus Stephen Kelly made the call for more emphasis to be put on using technology industries to reshape the future landscape of the economy.
"UK plc is saddled with debt, decline, depleted industry and deteriorating employment, yet we have a great pedigree of innovation and IP-rich industries," said Kelly.
"Now more than ever is the time for business, politics and academia to create more UK jobs by joining forces to implement a plan which fosters talent, encourages fiscal support and inward investment to produce a world class IP-rich technology industry," he added.
The Manifesto is being developed and refined, with input from business leaders and should be able to deliver recommendations by September.
Kelly said that it believed that a quarter of a million new jobs could be created and the UK could develop a technology industry that was world class.
The politicians queued up to show support for the initiative with Lord Young from the Conservatives praising the idea of getting cross-party support.
"We have an urgent need to reinforce the development and use of new technology across all sectors of our economy so as to increase our productivity and create more employment," said Lord Young of Graffham.
"With the right encouragement, the UK technology industry has the potential to nurture British talent and generate many more jobs over the coming years," said Lord Harris of Haringey the Labour representative.
The Liberal Democrats spokesperson Lord Razzall of Mortlake said that he was backing the manifesto because he wanted to make Britain a "world class industrial player".