£70 million funding to secure UK position as a world-leader in quantum technology
The government has announced 38 new UK projects that will benefit from more than £70 million government investment to help mark the start of Quantum Tech Digital Week.
The new projects aim to solve global challenges and address key industrial challenges, from developing batteries for electric vehicles to innovating energy storage systems that will reduce greenhouse gas emissions, via the use of advanced quantum technologies.
The technologies that have transformed our lives - the building blocks of modern computers, the mobile phone, the laser, the MRI scanner – are all products of quantum science. This involves harnessing the unique ways that light and matter behave at tiny atomic or subatomic levels.
A new generation of quantum technologies exploit breakthroughs in the way that we are able to precisely manipulate and measure these special properties, to engineer quantum devices - like sensors and computers - with dramatically enhanced functionality and performance.
Today’s significant cash injection will help drive forward quantum technologies and ensure the UK becomes a world-leader in this emerging field.
QTEC Alumni Company, QLM was headlined within the government's announcement. Their project will be in collaboration with BP and the National Grid and will use the funds to develop quantum enabled gas sensors that detect industrial leaks, helping to prevent natural gas being lost to the atmosphere and contributing to greenhouse gas emissions.
The investment is part of a wider package delivered by The National Quantum Technologies Programme which is set to see more than £1 billion of public and private investment over its lifetime.
The grants that have been awarded will be matched with over £30 million of private investment into the sector, driving the UK’s leading position in quantum technologies.