London- While talking with Punjab Outlook, Preet Kaur Gill MP said that the UK government has announced a major £121 million investment in quantum technology, aiming to tackle crime, fraud, and money laundering while reinforcing its global leadership in the field. This cutting-edge initiative is also expected to deliver significant economic savings and drive innovation across sectors.
Quantum technology, which harnesses the unique properties of the universe’s smallest particles, holds immense potential to revolutionize how we approach some of society’s biggest challenges. With applications ranging from ultra-powerful computing to highly sensitive sensors, the technology is set to transform industries including healthcare, energy, and cybersecurity.
The funding, announced to coincide with World Quantum Day on 14 April, will support research programmes that explore practical applications of quantum systems. This includes detecting early signs of fraud, strengthening crimefighting efforts, and curbing money laundering—measures that could collectively save billions for the UK economy. These advancements will ultimately put more money back into the pockets of working people.
A key focus of the investment is talent development. The initiative will create new opportunities for emerging quantum researchers through skills and training schemes, ensuring a strong pipeline of expertise. These innovations could help launch thousands of new jobs and businesses, supporting the government’s broader Plan for Change and boosting long-term economic growth.
This funding forms part of the UK’s National Quantum Technologies Programme, which is designed to support the transition of quantum research from lab-based experiments to market-ready products. The programme is instrumental in realizing the UK’s ambitious National Quantum Missions, with a clear vision for integrating this technology into both public and private sectors.
Secretary of State for Science and Technology, Peter Kyle, emphasized the far-reaching benefits of the initiative. “Quantum—manipulating the universe at its smallest scale—has the potential to save millions for our economy, create thousands of jobs and improve businesses across the country. Backing our world-class quantum researchers and businesses is an important part of our Plan for Change.”
The UK already boasts the second-largest quantum business community in the world. With this new investment, these enterprises are positioned to advance further, developing groundbreaking tools and products that enhance everyday life, protect citizens, and tackle the defining challenges of our time.