The UK government has unveiled its latest multimillion pound investment to scale up emerging technologies, earmarking approximately $897 million to boost the country’s quantum computing landscape.
The latest allocation of cash sees the government looking to quantum as a long-term solution to “improve our everyday lives,” and to develop systems capable of outperforming conventional supercomputers by 2035.
The funding will see $508 million earmarked for biology research looking into creating new life-saving medicines and strengthening food security, while $72 million will be used to entice talent to come to the UK.
Some $370 million was set aside to “deliver advanced connectivity” across transport networks and support defence applications, including drones.
Up to $24 million of the quantum-focused cash injection will be allocated to a new UK Semiconductor Center, which will serve as a liaison between private companies and the government, facilitating engagement within the UK semiconductor sector.
Meanwhile, $32 million will be allocated to promote the design of secure next-generation chips.
“Britain is full of ambitious risk-takers driven by a desire to innovate and improve people’s everyday lives," Science and Technology Secretary Peter Kyle said of the investment plans. "It is on us in government to match that boldness by investing in our country’s immense potential and embracing businesses who can drive that change and grow our economy.
“From quantum computers that could revolutionize drug discovery and make the NHS fit for the future, to sustainable fuels that can make the UK a clean energy superpower, science and technology has a key part to play in delivering our modern Industrial Strategy to renew our country and support our Plan for Change," Kyle added.
The quantum cash pledge comes a week after the UK government unveiled plans to back the country’s cybersecurity sector.
The Cyber Growth Action Plan includes up to $21 million to support cybersecurity sector programs, with a further $13.4 million to be invested in the "Cyber Security Academic Startup Accelerator Program" (CyberASAP).
The funding announcements are part of the UK government's ambitious “Plan for Change,” which aims to invest in the country’s technology landscape to drive growth.
Other initiatives are aimed at wooing AI developers and data center operators with offers of tax incentives and less expensive energy sources.
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