Insider Brief
A new white paper warns that despite more than £1 billion in public investment and early global leadership in quantum technologies, the UK could fail to capture long-term economic value without stronger action on scale-up funding, talent, supply chains, procurement and research support.
Contributors identify shortages of late-stage growth capital, workforce challenges, and limited government procurement of quantum technologies as key barriers to achieving the UK’s goal of securing 15% of the global quantum market and private investment by 2033.
The report also calls for greater investment in quantum networking, a reassessment of policy signals around quantum security, and continued support for fundamental research to avoid undermining the scientific base that enabled the UK’s quantum sector.
PRESS RELEASE — The United Kingdom launched the world’s first National Quantum Technologies Programme in 2014, and has invested more than £1 billion over the past decade in building an ecosystem that spans quantum computing, sensing, communications and timing. According to analysis cited in the paper, quantum computing alone is projected to create 148,000 jobs in the UK and contribute approximately £12.9 billion to GDP by 2055.
