EY comments on the government’s £45 million investment in the UK’s quantum sector

Lee Brown, Partner, EY Analytics & AI Lead, comments:  

“It is positive to see the government’s commitment and investment in quantum technology which will provide a welcome boost for the development of this nationally critical future technology. Quantum technologies are set to be highly transformational across industry and society, and today’s announcement can help drive innovation within the healthcare, energy, transport sectors, helping to address complex problems that are currently impossible to solve.  

“Quantum technology will unlock enhanced healthcare, accelerate drug discovery, boost economic growth, create jobs and support our fight against climate change. EY is currently supporting several collaborations across industry and academia in this area, including a research project with Innovate UK and ORCA Computing to assess the feasibility of a hybrid quantum and AI solution to predict wind patterns for renewable energy production.    

“There’s a significant opportunity for quantum in the UK, which is already home to the largest number of quantum start-ups in Europe and attracts more capital investment than any other European competitor. The UK has all the attributes to become a scientific and technologic superpower – it’s already home to relevant industrial players and boasts a vibrant R&D environment and an experienced telecommunications and cybersecurity base.”