UK at the forefront of Quantum technologies
Experimental quantum science is set to become a commercial reality through planned joint government and industry investment of over £350 million, taking projects from research stage to product testing.
New quantum technologies have the potential to revolutionise a range of industries – from cyber security to defence and healthcare.
Today the government has confirmed a £153 million funding boost through the Industrial Strategy Challenge Fund’s (ISCF) new commercialising quantum technologies challenge. This has been more than matched by industry, with over £200 million of investment expected from the private sector.
The funding will support businesses delivering quantum-enabled products and help remove technological barriers to productivity and competitiveness in the UK.
The programme will be delivered by UK Research and Innovation, and lifts total UK investment or planned investment in the National Quantum Technologies Programme (NQTP) to over £1 billion.