UK Invests £121 Million in Quantum Technology for Crimefighting, Economic Growth

The UK government has announced a £121 million investment in quantum technology aimed at tackling crime, fraud, and money laundering, coinciding with World Quantum Day. This funding will support the National Quantum Technologies Programme and is expected to enhance applications in various sectors, including healthcare and cybersecurity. Approximately £46.1 million of the investment will be allocated to Innovate UK for the deployment of quantum technology, while the National Quantum Computing Centre will receive £21.1 million to support its initiatives. Technology Secretary Peter Kyle highlighted the potential of quantum technology to save millions for the economy and create thousands of jobs. The initiative underscores the UK's goal to strengthen its position as a global leader in quantum innovation. This effort is part of a long-term strategy to transition quantum technology from laboratory research to practical applications in the marketplace.