Quantum Technology
The question
To ask the Secretary of State for Science, Innovation and Technology, what assessment he has made of the potential impact of quantum computing as a domain of strategic competition on the economy.
Answered by Kanishka Narayan
Quantum computing has the potential to revolutionise our economy, transforming our ability to drive growth and productivity in key industrial sectors, such as through the acceleration of drug discovery, or optimisation of global supply chains.
Oxford Economics estimate that, by 2045, quantum computing could support up to £11bn in UK GDP as well as up to 126,000 jobs across the economy.
The Government is investing £670m to drive development and adoption of quantum computers in the UK, including 10 year backing for the National Quantum Computing Centre.
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