UK Government and Private Investors Unite to Strengthen Domestic Quantum Industry
£100 m fund and Memorandum of Understanding with Harwell Quantum Cluster aim to keep Britain at the forefront of quantum innovation
The United Kingdom’s government and private investment community have launched a strategic partnership designed to maintain Britain’s leadership in quantum technologies.
A Memorandum of Understanding between Quantum Exponential Group plc (QEG) and the Harwell Quantum Cluster establishes closer cooperation between a dedicated £100 million quantum-technology investment fund and the national infrastructure that underpins the UK’s quantum capacity.
Under the agreement, the fund will support scale-up of more than one hundred quantum companies over the next decade by providing access to testbeds, investor networks and government-backed facilities such as the National Quantum Computing Centre and the National Physical Laboratory.
Roughly two-thirds of the fund’s capital will be allocated to UK-based enterprises, reinforcing efforts to retain value and capability domestically.
The Harwell Quantum Cluster, launched in November 2025 on the Harwell Science and Innovation Campus, is expected to attract more than £1 billion in public and private investment and create over 1,000 high-value jobs by 2035. The MoU signals deeper integration between public research infrastructure and private capital, bridging the “scale-up funding gap” that has threatened to see UK quantum companies acquired overseas.
QEG’s chief executive described the partnership as a step-change in preserving the country’s technological sovereignty, emphasising that Britain must turn world-class research into world-class companies.
The fund also reflects the government’s wider commitment to quantum, building on a broader investment programme that will see hundreds of millions of pounds channelled into quantum computing, sensing and communications.
For investors, the deal offers unique access to Britain’s advanced quantum ecosystem and a clear investment proposition aligned with national strategy.
For the government, the arrangement underscores a drive to retain homegrown innovation, secure high-performance technology supply chains and build the next generation of quantum-industry capability.
In a rapidly evolving global quantum race, this public-private collaboration positions the UK to translate scientific excellence into commercial and national-security advantage.
A Memorandum of Understanding between Quantum Exponential Group plc (QEG) and the Harwell Quantum Cluster establishes closer cooperation between a dedicated £100 million quantum-technology investment fund and the national infrastructure that underpins the UK’s quantum capacity.
Under the agreement, the fund will support scale-up of more than one hundred quantum companies over the next decade by providing access to testbeds, investor networks and government-backed facilities such as the National Quantum Computing Centre and the National Physical Laboratory.
Roughly two-thirds of the fund’s capital will be allocated to UK-based enterprises, reinforcing efforts to retain value and capability domestically.
The Harwell Quantum Cluster, launched in November 2025 on the Harwell Science and Innovation Campus, is expected to attract more than £1 billion in public and private investment and create over 1,000 high-value jobs by 2035. The MoU signals deeper integration between public research infrastructure and private capital, bridging the “scale-up funding gap” that has threatened to see UK quantum companies acquired overseas.
QEG’s chief executive described the partnership as a step-change in preserving the country’s technological sovereignty, emphasising that Britain must turn world-class research into world-class companies.
The fund also reflects the government’s wider commitment to quantum, building on a broader investment programme that will see hundreds of millions of pounds channelled into quantum computing, sensing and communications.
For investors, the deal offers unique access to Britain’s advanced quantum ecosystem and a clear investment proposition aligned with national strategy.
For the government, the arrangement underscores a drive to retain homegrown innovation, secure high-performance technology supply chains and build the next generation of quantum-industry capability.
In a rapidly evolving global quantum race, this public-private collaboration positions the UK to translate scientific excellence into commercial and national-security advantage.
