{"id":564144,"date":"2023-03-15T22:41:54","date_gmt":"2023-03-15T19:41:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/quantum-computing-secotr-reacts-to-uks-new-2-5b-strategy\/"},"modified":"2023-03-15T22:41:54","modified_gmt":"2023-03-15T19:41:54","slug":"quantum-computing-secotr-reacts-to-uks-new-2-5b-strategy","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/quantum-computing-secotr-reacts-to-uks-new-2-5b-strategy\/","title":{"rendered":"#Quantum computing secotr reacts to UK\u2019s new \u00a32.5B strategy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a39a0c0cda0e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a39a0c0cda0e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/quantum-computing-secotr-reacts-to-uks-new-2-5b-strategy\/#%E2%80%9CQuantum_computing_secotr_reacts_to_UKs_new_25B_strategy%E2%80%9D\" >&#8220;Quantum computing secotr reacts to UK\u2019s new \u00a32.5B strategy&#8221;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/quantum-computing-secotr-reacts-to-uks-new-2-5b-strategy\/#This_is_your_last_chance_to_join_TNW_Valencia\" >This is your last chance to join TNW Val\u00e8ncia!<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CQuantum_computing_secotr_reacts_to_UKs_new_25B_strategy%E2%80%9D\"><\/span>&#8220;Quantum computing secotr reacts to UK\u2019s new \u00a32.5B strategy&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div id=\"article-main-content\">\n                            <span style=\"font-weight: 400;\">The UK government has pledged to invest \u00a32.5bn in quantum computing over the next 10 years, Chancellor Jeremy Hunt announced today.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The programme forms part of the new Spring Budget, which aims to reduce inflation and the risk of a recession.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The British tech sector will play a central role in the plan. As part of his goal to make the UK a \u201c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a> and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> superpower,\u201d <span>Hunt wants to build a world-leading \u201cquantum-enabled economy\u201d by 2023. <\/span><\/span><\/p>\n<p><span style=\"font-weight: 400;\"><span>To create this, the government is more than doubling its previous funding commitment to the field. It aims to attract another \u00a31 billion in private financing.<\/span><\/span><\/p>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\">\n<h4><span class=\"ez-toc-section\" id=\"This_is_your_last_chance_to_join_TNW_Valencia\"><\/span>This is your last chance to join TNW Val\u00e8ncia!<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Get a last-minute 30% discount on your ticket now.<\/p>\n<\/div>\n<\/div>\n<blockquote class=\"c-richText__pullQuote\">\n<div class=\"c-richText__pullQuoteGradient\">\n<p class=\"c-richText__pullQuoteQuote\">The next step is <span style=\"font-weight: 400;\">for UK VC funding to dramatically increase.<\/span>\n            <\/div>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\"><span>The new programme aims to build on strong foundations. The UK currently ranks second in the world for both the number of quantum companies and private investment in the sector.\u00a0<\/span><\/span><\/p>\n<p>Andrew Scott, a founder partner at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/7pc.co\/\">7% Ventures<\/a>, an early-stage fund that\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/7pc.co\/investments\/\">backed British quantum startups<\/a>, said the new investment is \u201cvital for future UK prosperity.\u201d<\/p>\n<p>Scott also echoed the government\u2019s call for further private sector financing \u2014 <span style=\"font-weight: 400;\">particularly in\u00a0deeptech and later-stage <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> A+ funding.<\/span><\/p>\n<p>\u201c<span style=\"font-weight: 400;\">The next critical step to support the Prime Minister\u2019s 10-year plan for the UK to become a \u2018tech superpower\u2019 is for UK VC funding to dramatically increase,\u201d he told TNW.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In particular, Scott hopes for extensive growth in deeptech and later-stage Series A+ funding. To foster this, he wants regional pension funds to dedicate a percentage of their resources to deeptech VC investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cSomeone like the British Business Bank could manage and deploy to VC funds, much as they already do via the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.british-business-bank.co.uk\/ourpartners\/enterprise-capital-funds\/\">ECF<\/a> (Enterprise Capital Funds) and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.britishpatientcapital.co.uk\/\">BPC<\/a> (British Patient Capital) programmes,\u201d Scott added.<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1394833 js-lazy\" alt=\"Quantum Motion CEO &amp; co-founders dilution fridge \" width=\"1280\" height=\"720\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3.jpg\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3.jpg 1280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-1200x675.jpg 1200w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fdeep-tech%2F2023%2F03%2F15%2Fquantum-computing-sector-reactions-uk-new-2-5b-investment%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Quantum Motion CEO James Palles-Dimmock (right) &amp; co-founders dilution fridge. Credit: Quantum Motion\" data-title=\"Share Quantum Motion CEO James Palles-Dimmock (right) &amp; co-founders dilution fridge. Credit: Quantum Motion on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Quantum Motion CEO James Palles-Dimmock (right) &amp; co-founders dilution fridge. Credit: Quantum Motion on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>Quantum Motion CEO <b>James Palles-Dimmock (right) <\/b>&amp; co-founders dilution fridge. Credit: Quantum Motion<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1394833\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3.jpg\" alt=\"Quantum Motion CEO &amp; co-founders dilution fridge \" width=\"1280\" height=\"720\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3.jpg 1280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-1-3-1200x675.jpg 1200w\"\/><\/noscript><\/figure>\n<p>The government has also been advised to proceed with patience. Sebastian Weidt, the CEO of\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/universalquantum.com\/\">Universal Quantum<\/a>,\u00a0 a University of Sussex spinout, said the funding needs a long-term vision.<\/p>\n<p><span style=\"font-weight: 400;\">\u201cQuantum computing is a marathon, not a sprint,\u201d Weidt told TNW. \u201cTherefore, we need to support the broad range of very promising <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaches to quantum computing we have access to across the UK. And we should avoid focusing just on the short term.\u201d<\/span><\/p>\n<p>To support this, the government has made <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/1142942\/national_quantum_strategy.pdf\">a variety of pledges<\/a> around research and upskilling.<\/p>\n<blockquote class=\"c-richText__pullQuote\">\n<div class=\"c-richText__pullQuoteGradient\">\n<p class=\"c-richText__pullQuoteQuote\">\u201cI\u2019m keen to see how we can continue to welcome the world\u2019s best talent.<\/p>\n<\/p><\/div>\n<\/blockquote>\n<p>In addition, a series of commitments have been made to international collaboration. They include funding for R&amp;D partnerships with other countries, as well as promises to attract and support quantum talent and companies from overseas.<span style=\"font-weight: 400;\"\/><\/p>\n<p><span style=\"font-weight: 400;\">James Palles-Dimmock, CEO of <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/quantummotion.tech\/\"><span style=\"font-weight: 400;\">Quantum Motion<\/span><\/a><span style=\"font-weight: 400;\">, which recently raised <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=Quantum+Motion%2C+which+recently+raised+a+sector+reacor+%C2%A342+millio&amp;sxsrf=AJOqlzXJRc2STL7Iiy2xfpsvbTSwVp_slw%3A1678907947012&amp;ei=KxoSZPgv04_yAsC1mqgC&amp;ved=0ahUKEwi48aq-0979AhXTh1wKHcCaBiUQ4dUDCBA&amp;uact=5&amp;oq=Quantum+Motion%2C+which+recently+raised+a+sector+reacor+%C2%A342+millio&amp;gs_lcp=Cgxnd3Mtd2l6LXNlcnAQAzIECCEQCjoKCAAQRxDWBBCwAzoHCAAQsAMQQ0oECEEYAFCPBFiPBGDMBWgDcAF4AIABgwGIAYMBkgEDMC4xmAEAoAECoAEByAEKwAEB&amp;sclient=gws-wiz-serp\">a UK-record \u00a342 million<\/a>, said the capacity to work\u00a0across borders was essential to the sector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cManufacturing and talent are two key areas where the gains to be made from collaborative working significantly outweigh the risks,\u201d he said. \u201cAnd <\/span><span style=\"font-weight: 400;\">I will be keen to see how we can continue to welcome the best of the world\u2019s talent to the UK to allow us to continue to accelerate the realisation of these enabling technologies.\u201d<\/span>\n                        <\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/quantum-computing-sector-reactions-uk-new-2-5b-investment\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Quantum computing secotr reacts to UK\u2019s new \u00a32.5B strategy&#8221; The UK government has pledged to invest \u00a32.5bn in quantum computing over the next 10 years, Chancellor Jeremy Hunt announced today. The programme forms part of the new Spring Budget, which aims to reduce inflation and the risk of a recession.\u00a0 The British tech sector will&#8230;<\/p>\n","protected":false},"author":1,"featured_media":564145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/03\/Untitled-design-6.jpg&signature=c82375a10eec1226e4cf6b7e27bcb98e","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-564144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/564144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=564144"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/564144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/564145"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=564144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=564144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=564144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}