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UK government invests £45m into quantum technology projects across health and energy

The funding initiative was announced by Science Minister Andrew Griffith during a visit to Cerca Magnetics.

£45.0MGrowth

Cerca Magnetics is a University of Nottingham spin out company specialising in quantum technology applications.

The UK government has announced a £45m investment into quantum technology projects spanning healthcare, energy, and government applications. Science Minister Andrew Griffith revealed the funding during a visit to University of Nottingham spin-out Cerca Magnetics. The capital comprises £30m from the UKRI Technology Missions Fund and the National Quantum Computing Centre, alongside £15m from the Quantum Catalyst Fund to accelerate public sector adoption. The initiative aims to support quantum innovators and advance the national strategy for a quantum-enabled economy.


Use of funds

  1. 01Fund research and development
  2. 02Build out infrastructure

About the company

CM

Cerca Magnetics

Cerca Magnetics develops advanced quantum technology hardware and research applications.

Nottingham, UK
£45.0MRaised