US EditionUK government to invest more than £500mn in quantum computing
- The UK Labour government announced a £670 million investment in quantum computing over the next 10 years, with £500 million allocated in the next four years, benefiting firms like Oxford Quantum Circuits whose ministerial visit occurred on June 23, 2025.
- This investment responds to the growing global competition and the stage quantum computing has reached, where technology is working but faces challenges to scale production into larger manufacturing and economic impact.
- Quantum computing promises vastly faster processing power than classical computers with applications in encryption breaking, real-time energy optimization, and drug discovery, while the UK aims to become a leader in scaling and producing such technology.
- Experts estimate large-scale encryption-breaking quantum computers are 5–10 years away, creating market uncertainty and prompting blockchain developers to prepare quantum-resistant measures amid an existing regulatory gap in the UK.
- This government investment seeks to accelerate quantum advancement, create high-skilled jobs, enhance technological sovereignty, and position the UK against rivals like the US and China in the critical quantum technology race.
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UK government invests £1 billion into tech innovation and economic growth
The UK government will support its science and tech innovation sectors with over £1 billion in investments to help innovators working in transformative sectors, such as quantum computing, semiconductors, engineering biology, and cybersecurity The investment is part of the Digital and Technologies Sector Plan, which is a component of the modern Industry Strategies aimed at strengthening the economy. £670 million boost for quantum computing A si…
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