Quantum Technology: Finance

(asked on 15th March 2023) - View Source

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, with reference to paragraph 3.95 of the Spring Budget Report 2023, HC1183, published in March 2023, if he will publish the financing plans for the £2.5 billion investment in Quantum technologies, broken down by financial year and Government Department.


Answered by
George Freeman Portrait
George Freeman
This question was answered on 22nd March 2023

The Department has published the National Quantum Strategy. This strategy sets out the ten-year vision for the UK to be a world leading quantum-enabled economy, building on our scientific excellence to create a thriving quantum sector. The strategy commits to establishing a new and ambitious ten-year research and innovation programme, running from 2024 to 2034 and supported by £2.5 billion in funding.

This investment demonstrates a long-term commitment to the sector. Decisions on the specific allocations of this funding will be taken in due course, in accordance with usual government spending processes.

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