UK Government to invest £2.5bn in quantum computing

The UK Government is set to launch a ten-year programme to invest £2.5bn in quantum computing, the prime minister and technology secretary unveiled as part of the Spring 2023 Budget. 

This will more than double the funding that is available to researchers in industry and universities under the existing £1bn National Quantum Technologies Programme. 

The ten year 'Plan for Quantum' will focus on ensuring the UK is a global leader in the field of quantum science and engineering. It also aims to drive the adoption of quantum technologies in business and create a national and international regulatory framework that supports the ethical use of quantum technologies.

Introducing the UK’s quantum strategy, Michelle Donelan, Secretary of State for Science, Innovation and Technology, said: “We firmly believe that Britain should lead the world in this physical science and deliver opportunities and jobs in hardware, engineering and advanced manufacturing as well as in software and applications across the economy.”

The National Quantum Computing Centre, situated on the Harwell Campus in Oxfordshire, is expected to be central to the programme and will be further aided by the establishment of a “future network of research hubs” to spread support for quantum technologies around the county, as outlined in the strategy,

Also part of the new government plan is a series of accelerator programmes aimed at increasing the pace of progress towards the development and commercialisation of quantum technologies in the UK. One of the key goals is that, by 2033, all businesses in relevant sectors will be aware of the potential of quantum technologies, and 75% of relevant businesses will have taken steps to facilitate quantum computing

This follows a recent EY report, which found that only 25-33% of businesses had taken concrete steps to prepare for the arrival of quantum computing, despite 48% believing quantum computing will play an important role in their industries by 2025. 

The programme also aims to address the shortage of qualified workers in this field by launching new training schemes targeted at scientists, engineers and technicians.