UK ‘risks losing quantum champions’ without government backing

Britain risks losing its remaining homegrown quantum computing companies to overseas rivals within two years unless ministers step up investment and prioritise British tech, the boss of Universal Quantum has warned. Sebastian Weidt, chief executive and co-founder of the Sussex-based quantum startup, told City AM that the government’s decisions over the coming months would determine whether his company continued expanding in Britain or shifted more of its operations abroad. His warning comes just weeks after Universal Quantum raised $100m in the UK’s largest quantum Series A funding round, with the company securing most of its backing from overseas investors. The company has also unveiled a new quantum processing chip designed to connect enough qubits to build commercially useful quantum computers, aiming to solve one of the industry s biggest obstacles. We would have liked to have taken more UK capital , Weidt said. We found it significantly easier to do that internationa