Reeves to pledge £1bn for British quantum computers - Financial Times

The UK government will invest £1 billion to accelerate domestic quantum computing development, aiming to position Britain as a global leader in the field by 2030. Chancellor Rachel Reeves will announce the funding in March 2026, targeting hardware, software, and workforce training to bridge gaps between research and commercialization. The initiative prioritizes fault-tolerant quantum processors, hybrid classical-quantum systems, and partnerships with universities like Oxford and Cambridge to fast-track innovation. Funds will also support startups and SMEs, with grants for prototyping and scaling quantum solutions in sectors like finance, healthcare, and defense to drive economic growth. Critics argue the investment lags behind US and EU commitments but industry leaders call it a critical step to secure UK sovereignty in post-quantum cryptography and AI.