UK's Reeves to pledge 1 billion pounds for quantum procurement

UK To Invest £1 Billion into Quantum Computing Research, Trials

The UK will spend more than £1 billion ($1.3 billion) on quantum computing research over the next four years, as governments boost investment into a technology that’s increasingly considered critical to national security.

UK's Reeves to pledge 1 billion pounds for quantum procurement

UK Government Commits £2 Billion ($2.67 Billion USD) to National Quantum Scaling and Procurement

The UK Government, via the Department for Science, Innovation and Technology (DSIT) and HM Treasury, has announced a £2 billion ($2.67 billion USD) investment package to establish a large-scale quantum computing infrastructure by the early 2030s. This funding includes £1 billion ($1.34 billion USD) specifically for a first-of-its-kind procurement programme and over £1 billion ($1.34 [...] The post UK Government Commits £2 Billion ($2.67 Billion …

Funding and procurement to target UK quantum innovation

The UK government has committed to investing £1bn over the next four years to enable the country to win the race to deliver quantum computing at scale. The funding is made up of over £500m dedicated to helping quantum computing companies scale and develop uses for the technology in areas such as pharmaceuticals, financial services and energy. Over £400m of the overall funding is targeted to support breakthroughs in sensing and navigation, and th…

UK Investment In Quantum With £2 Billion From UK Government

The UK is initiating plans to become the first country to roll out Quantum computers at scale, backed by up to £2 billion in investment. This commitment aims to establish the UK as a world leader in Quantum, potentially adding £200 billion to the economy by 2045 and advancing areas like healthcare and national security.

UK’s Reeves to pledge 1 billion pounds for quantum procurement

LONDON, March 16 : British finance minister Rachel Reeves said on Monday the government would spend up to 1 billion pounds ($1.33 billion) on powerful quantum computers to help develop the quantum sector and boost the wider economy. The new procurement programme is part of a 2 billion-pound plan to upgrade Britain’s quantum capability, including 1 billion pounds of previously announced spending, the finance ministry said. Quantum computers are c…