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Government Investment in UK Quantum Computing Sector

The government has announced a significant investment of £45m into the UK quantum computing sector, demonstrating a strong commitment to fostering innovation and technological advancement in this field. This investment will be distributed across a new catalyst fund and a funding competition, aimed at driving the development and utilization of quantum computing technology.

Last year, the chancellor unveiled the National Quantum Strategy, a bold initiative supported by a substantial investment of ┬ú2.5bn over the next decade. This long-term commitment underscores the government’s recognition of the transformative potential of quantum computing and its determination to position the UK as a global leader in this burgeoning field.

As part of the strategy, the Department for Science, Innovation and Technology (DSIT) has announced a £30m funding competition designed to incentivize and support the development of new quantum computers. This funding initiative will play a vital role in accelerating the innovation and adoption of quantum computing technologies within the UK.

The funding for these initiatives will be sourced from the UK Research and Innovation (UKRI) Technology Missions Fund and the National Quantum Computing Centre, signaling a collaborative and coordinated approach to advancing the quantum computing sector across the country.

Additionally, DSIT has also announced the establishment of the £15m Quantum Catalyst Fund, which will be delivered by Innovate UK. This fund is specifically designed to accelerate the integration and application of quantum technology within government operations. Companies will be invited to propose projects that demonstrate the potential uses of quantum technology in the public sector, further driving the integration of this cutting-edge technology into various areas of governance and public services.

The Science Minister, Andrew Griffith, emphasized the government’s unwavering commitment to supporting UK innovators in harnessing the potential of quantum technology to transform public services. He highlighted the significance of this additional ┬ú45m funding in reinforcing the government’s dedication to advancing the quantum computing sector and driving technological prowess and economic growth in the UK.

Furthermore, the UK Science and Technology Framework, published last year, identified quantum computing as one of the five critical technologies essential for the future of the UK. This recognition underscores the strategic importance of quantum computing in shaping the technological landscape and driving innovation and competitiveness within the country.

Furthermore, the framework also highlighted the importance of other advanced technologies such as AI, bioengineering, semiconductors, and future telecommunications, emphasizing the interconnected and complementary nature of these technologies in driving societal and economic progress.

Dr. Kedar Pandya, the executive director of cross-council programmes, emphasized the transformative potential of quantum technology, stating that the UKRI is committed to ensuring the country’s leading position in this pivotal moment. By providing robust resources and tools for businesses and institutions, the UK is poised to build a strong foundation in quantum computing, paving the way for sustained competitive advantage and long-term growth.