The Government provides a range of support measures for the digital economy and the tech sector. From its inception in 2014, the UK’s ten-year National Quantum Technologies Programme (NQTP) is set to provide £1bn public and private funding for the development of quantum technologies.
The programme funds a range of activities to support the growth of the quantum computing industry, including £61m for collaborative technology development through the quantum technology hubs. The Quantum Computing and Simulation (QCS) Hub has 17 academic and 29 industrial partners across the breadth of the UK. The QCS Hub comprises a partnership resource fund to aid collaborations with new partners and to overcome potential commercialisation problems in the emerging QC landscape.
The Wave 3 Industrial Strategy Challenge Fund Commercialising Quantum Technologies Challenge (ISCF) funds projects to support commercialisation, and supply chain development, or bring consortia together to explore applications (representing c£35m for quantum computing and related components to-date).
Within the recently launched National Quantum Computing Centre (NQCC) £93m has been allocated to help deliver quantum computing capabilities for the UK and support the growth of the industry. The vision is to be a world class centre, where government, academia and industry work collaboratively to develop quantum computing, securing this strategically important technology for the benefit of the UK.
The Centre will support the development of a quantum ready economy; one that can take advantage of the opportunities presented by quantum computing to generate and retain value across the economy, achieve societal benefits and maintain national security.
In addition, two EPSRC Prosperity Partnerships are focussed on growing the quantum computing software industry in the UK and developing quantum computing hardware (between UCL and Google (£1.9m), and between St Andrews and MSquared (£1.4m).