Policy and funding
Government invests £153 million in UK’s quantum technologies
Government has today (14 June 2019) announced it will invest £153 million into the National Quantum Technologies Programme.
The £153 million announced today will add to the £350 million already invested in the UK’s research into quantum science. This additional investment will help remove technological barriers to productivity and competitiveness in the UK. It will be supported by £205 million from industry, making the contribution from industry – for the first time – greater than the contribution from government.
The programme lifts total UK investment or planned investment in the National Quantum Technologies Programme (NQTP) to over £1 billion.
Institute of Physics CEO, Professor Paul Hardaker, said:
“This funding sends a very positive message about the UK’s commitment to the quantum programme and the many benefits which will come from this.
“This technology has the potential to transform our lives and the world around us, from improving healthcare and modern communications, to national resilience and security.
“The UK is a world leader in quantum technologies, and this will help to maintain our drive to lead the way in bringing this new technology to market.”