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.
Science Minister Chris Skidmore said: “This milestone shows that Quantum is no longer an experimental science for the UK. Investment by government and businesses is paying off, as we become one of the world’s leading nations for quantum science and technologies. Now industry is turning what was once a futuristic pipedream into life-changing products.
“This is our modern Industrial Strategy in action – taking the most innovative ideas from our world-leading researchers and showing how they can be applied, from diagnosing diseases to detecting gas leaks.”
UK Research and Innovation Chief Executive, Professor Sir Mark Walport, said: “The UK is a world leader in quantum technologies. The funding announced today builds on the great progress we have made and lays the foundations for a quantum technology industry here in the UK.
“It will ensure that we remain at the forefront of this exciting and evolving field and that we realise its potential, from improved healthcare to more accurate and reliable navigation, that is fundamental to so many services.”
The challenge will invest in 4 key areas, designed to support all aspects of the UK’s quantum industry growth:
- product and service innovations: a series of collaborative research and development competitions to deliver game-changing quantum-enabled products and services
- industry-led technology development projects: a programme of industry-managed research activities addressing specific challenges
- supply chain: feasibility projects focused on innovative components and supply chain elements across the quantum sector
- investment accelerator: encouraging venture capital for early-stage, spin-out and start-up quantum technologies companies.
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