The UK government has announced a substantial investment of £121 million in quantum technology to further establish the country as a global leader in emerging technologies. Timed to coincide with World Quantum Day on April 14, the funding is aimed at accelerating quantum research and innovation, with a specific focus on combating crime, fraud, and money laundering.
Quantum technology, which harnesses the properties of subatomic particles to power advanced computing and sensing systems, is expected to provide significant economic and societal benefits. By utilizing quantum tools to identify fraud patterns and enhance security systems, the UK stands to save billions of pounds in the economy and offer greater financial protection to the public.
This investment is part of the UK’s broader “Plan for Change” and will build on the National Quantum Technologies Programme to bring quantum solutions out of the lab and into real-world applications in both the public and private sectors. The government hopes that this initiative will create jobs, foster new businesses, and drive technological breakthroughs across various industries.
The funding will support various initiatives, including accelerating the commercial deployment of quantum technologies, supporting research hubs, training schemes to grow talent in the field, and funding career acceleration fellowships for real-world applications ranging from drug discovery to diagnostics.
Overall, the investment in quantum technology infrastructure and talent aims to build a resilient, innovation-led economy that utilizes cutting-edge science to address real-world challenges. The UK government’s commitment to quantum technology demonstrates its dedication to driving economic growth through innovation and remaining at the forefront of quantum innovation globally.
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