The Chancellor George Osborne has announced £270m of new investment in quantum technologies. The new funding was announced at a meeting with top physicists, including UCL Quantum’s Prof Andrew Fisher.

George Osborne

This forms part of a package of public spending announcements in his Autumn Statement, and will cover five research centres at UK universities.

Prof Michael Arthur, President & Provost of UCL said:

This announcement is excellent news for the field of quantum technology, and will help put the UK at the forefront of the emerging quantum technology industry. UCL is one of the UK’s leading research centres in this field, and well placed to help realise this vision.”