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Innovators driving future technologies like quantum computers to deliver new life-saving medicines and semiconductors powering the next generation of mobile phones are being backed by well over 拢1 billion to set up and scale up their businesses in Britain, Science and Technology Secretary Peter Kyle has announced.

Investment will include landmark funding for the UK鈥檚 mission to develop quantum computers that could unearth game-changing discoveries for our health and environment, the establishment of a new national semiconductor centre laser-focused on helping firms to scale-up, and new backing for engineering biology researchers working on everything from new vaccines to eco-friendly fuels.

The package will drive the Digital and Technologies Sector Plan within our modern Industrial Strategy published today (Monday 23 June), a pivotal moment in the government鈥檚 agenda for national renewal and in supporting our mission as part of the Plan for Change to deliver the highest sustained economic growth in the G7.

To ensure the UK is in pole position to make the most of quantum computing鈥檚 potential to improve our everyday lives, 拢670 million will be dedicated to accelerating the application of this revolutionary technology.

It makes the National Quantum Computing Centre one of the first organisations to receive a 10-year funding settlement, providing long-term certainty to researchers that marks Britain as the place to do business when it comes to cutting edge tech.

By 2035, the UK aims to develop quantum computers capable of outperforming conventional supercomputers, potentially meaning new drugs for incurable diseases or better carbon capture technologies, supporting our missions of building an NHS that is fit for the future and making Britain a green clean聽energy superpower as part of the plan for change.

Science and Technology Secretary, Peter Kyle, said:

Britain is full of ambitious risk-takers driven by a desire to innovate and improve people鈥檚 everyday lives. It is on us in government to match that boldness by investing in our country鈥檚 immense potential and embracing businesses who can drive that change and grow our economy.

From quantum computers that could revolutionise drug discovery and make the NHS fit for the future, to sustainable fuels that can make the UK a clean energy superpower, science and technology has a key part to play in delivering our modern Industrial Strategy to renew our country and support our Plan for Change.

In engineering biology, a 拢380 million investment will support researchers working on everything from new life-saving medicines to cell-cultivated meats and climate-resilient crops, to protect our environment and strengthen food security.

Of this, 拢184 million will help bridge the gap between laboratory discoveries and commercial applications through infrastructure supporting innovators to scale up. The remaining 拢196 million will be invested in research and development through the National Engineering Biology Programme, bolstering the UK鈥檚 significant strengths in this field.

Further initial investment includes:

The commitment of 拢54 million to bring the world鈥檚 top science and tech talent to the UK.聽As the UK competes for the highest skilled individuals in priority industries, the launch of the government鈥檚 Global Talent Taskforce signals a greater focus on targeting and attracting the brightest and best talent to supercharge growth.

A new UK Semiconductor Centre, backed by up to 拢19 million, will serve as a single point of contact for global firms and governments to engage with the UK semiconductor sector, helping our ambitious firms to scale-up, form new partnerships and strengthen the UK鈥檚 role in global supply chains 鈥� benefiting us all in helping to grow the economy.

拢35 million to scale up the recently announced Semiconductor Talent Expansion Programme 鈥� including new chip design courses for students, bursaries, schools outreach, and a proposed master鈥檚 conversion course to help more people move into the sector.

拢370 million for cutting-edge, UK-developed technologies to deliver advanced connectivity improving coverage for communities, providing connectivity across transport networks, and supporting defence applications 鈥� like drones.

It includes a 拢240 million Advanced Connectivity Tech R&D programme, and a further 拢130 million will go towards strengthening the capabilities of the UK Telecoms Lab, enhancing the security and reliability of our networks.

Building on a successful round of semiconductor Innovation and Knowledge Centres launched earlier this year, the government is providing funding for 2 additional centres, backed by 拢25 million.

拢10 million to expand Cyber ASAP supporting 25 academic teams annually, plus 拢2 million for Belfast鈥檚 Cyber AI Hub, aiming to support 28 academic spinouts by 2030.

拢6 million to extend Cyber Runway accelerator, supporting 60 startups annually with mentoring, skills development and networking to improve survival rates and growth.

拢24 million to promote CHERI blueprint adoption for designing secure next-generation chips.

Find the full modern Industrial Strategy here.

Notes to editors

Further funding set out in the strategy includes:

• Up to 拢330 million investment through the National Security Strategic Investment Fund for UK security and defence capabilities, plus a second year of the Science and Technology Venture Capital Fellowship to support digital and technology investments.
• The Sector Plan also highlights AI as a frontier technology, following 拢2 billion committed at the Spending Review to implement the AI Opportunities Action Plan. The investment reaffirms the government鈥檚 commitment to deliver all 50 recommendations outlined in the Plan and underpins the Industrial Strategy鈥檚 approach to prioritise frontier technologies with the greatest growth potential.