Industry insiders warn the UK government against pulling back financial support for quantum computing, risking decades of progress.
- The UK has established itself as a leader in the quantum field, employing substantial numbers and making significant technological progress.
- Concerns arise from a white paper by Phasecraft, highlighting the need for consistent public investment.
- Planned £1.3bn funding for tech and AI projects has been shelved, raising fears within the industry.
- International collaboration in quantum R&D is threatened by export restrictions, causing alarm among professionals.
Industry insiders have issued a cautionary note to the UK government regarding the future of quantum computing. They stress the critical importance of maintaining financial backing, asserting that pulling away could negate decades of progress. This comes from a detailed white paper by Phasecraft, a prominent name in quantum algorithms.
The UK has firmly positioned itself at the forefront of the quantum sector, being home to a significant number of employees and leaders in technological advancement. However, funding remains uncertain, and the industry is not yet ready to rely solely on private investment, as noted by Phasecraft.
Phasecraft’s white paper highlights that quantum technology is a high-risk, high-reward domain demanding sustained commitment from both public and private spheres. Consistent and predictable investment in research and development is crucial not just for current projects but also in attracting private sector interest, a vital component for translating breakthroughs into practical applications.
There is a growing concern following the government’s recent decision to retract £1.3 billion in funding initially slated for technology and artificial intelligence projects. This budget included £800 million for a supercomputer at Edinburgh University and £500 million for a new AI Research Resource, both now cancelled due to fiscal constraints.
Further, the restriction on the export of quantum computing technology from the UK and other European regions has emerged as a troubling issue. Such limits dampen essential cross-border collaboration which is pivotal for ongoing research and development efforts. This concern is echoed by manufacturers and users alike, who view these restrictions as a barrier to progress.
Ashley Montanaro, CEO of Phasecraft, underscores the urgency of the situation, acknowledging the rapid pace of technical breakthroughs in quantum computing. Despite increasing venture capital trends, Montanaro insists government backing remains indispensable for the continuation and growth of quantum startups, an understanding also acknowledged by countries like the US and China.
The sustained success of the UK’s quantum industry hinges on continuous and reliable public investment to avoid undermining past achievements.
