The UK government has announced a £121 million (159.5 million USD) investment to accelerate quantum technology development and its transition into applied use. Funding includes £46.1 million ($60.7 million USD) through Innovate UK to support deployment across computing, networking, sensing, and position, navigation and timing (PNT) technologies. An additional £21 million ($27.7 million USD) will enhance capabilities at the National Quantum Computing Centre (NQCC), including its testbed programme and quantum software development, while £10.9 million ($14.4 million USD) has been allocated to the National Physical Laboratory’s quantum measurement work to encourage broader industrial adoption.
The announcement highlights emerging use cases in sectors such as finance and security. HSBC has partnered with the NQCC to explore quantum computing’s ability to detect indicators of financial crime, such as money laundering, by analysing complex transaction patterns. This research exemplifies how government-backed facilities can support industry partners in applying quantum tools to high-impact challenges. Fraud prevention is a particular focus, with potential economic savings and operational improvements tied to early detection capabilities enabled by quantum systems.
The investment strengthens long-term capability by funding fellowships, skills programmes, and quantum-enabled apprenticeships. Programmes are supported by the Engineering and Physical Sciences Research Council (EPSRC) and the Science and Technology Facilities Council (STFC). Researchers at different career stages will receive support through five national research hubs and specialist facilities. These initiatives aim to develop expertise relevant to real-world quantum applications in areas such as healthcare, cybersecurity, and finance, with delivery coordinated across leading UK institutions.
This funding is part of the UK’s National Quantum Technologies Programme and supports the broader ambitions of the government’s Plan for Change. The announcement was timed with World Quantum Day on 14 April 2025, an international event involving 53 participating countries. The UK is leveraging this investment to expand its research base, develop practical technologies, and reinforce its leadership in quantum innovation.
Full details available from the UK Government here.
April 14, 2025
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