Industry experts are warning of the risks if government support for quantum computing is not sustained.
- The UK’s quantum sector has seen major advancements, solidifying its global leadership position.
- Quantum technology is described as high-risk, high-reward, needing sustained public and private support.
- Withdrawal of promised government funding for technology and AI projects sparks concern.
- Export restrictions on quantum computers in Europe present additional challenges.
The UK has positioned itself as a leader in the quantum computing industry, a sector that has seen significant advancements and is pivotal globally. However, industry insiders fear that this progress is at risk if the government fails to continue its financial support. The recent shelving of £1.3bn of promised funding for tech and AI initiatives, including £800m for a supercomputer and £500m for AI research, heightens these concerns.
According to a white paper by Phasecraft, a business specialising in quantum algorithms, the sustainability of private funding alone is insufficient for the quantum sector. Quantum technology, characterised by high risks and rewards, necessitates consistent public investment to enable the transition of breakthroughs from laboratories to practical applications. The paper stresses that public investment is critical until the sector can independently sustain itself, warning that neglecting this need could compromise the UK’s competitive edge and waste decades of investment.
Ashley Montanaro, co-founder and CEO of Phasecraft, emphasises the critical juncture quantum computing currently faces. Despite ongoing technical breakthroughs and venture capital investments defying declining trends, private investment is not enough to maintain momentum. Governments remain vital supporters for startups, a fact acknowledged by major players like the US and China, who have heavily invested in quantum technologies.
The white paper also highlights concerns regarding the prohibition of quantum computer exports from the UK and other European countries, which poses challenges for manufacturers and users relying on international cooperation for research and development. This restriction is viewed as a troubling indicator that could hinder progress and innovation within the field.
Phasecraft, founded by prominent quantum scientists, has established itself as a leading authority on quantum technology. The organisation’s expansion to the US signifies its prominent role and influence in policy and quantum computing advancements.
Continued and consistent government support is deemed essential for sustaining advancements in quantum technology.
