"The noble Lord asks an important question. Quantum computers will be best for quantum problems. Drug discovery is a quantum problem, so it is exactly the sort of area for which this will be useful. We have five hubs specifically looking at both basic science and translation: a biomedical sensing …..." Lord Vallance of Balham - View Speech
"My noble friend asks an important question. There is no doubt that UK quantum companies look pretty attractive at the moment. We have a good idea of where those companies are, what their skills are and what is going on across the quantum space, but I believe there is a …..." Lord Vallance of Balham - View Speech
"My Lords, the UK’s national quantum programme has seeded a world-leading emerging sector. The Government are increasing investment from £1 billion in the last decade to £1 billion over the next four years. This funding will accelerate deployment of quantum sensors, networks and computers, turning the UK’s research excellence into …..." Lord Vallance of Balham - View Speech
"The short answer is yes, and noble Lords will hear more about that shortly. All those things are critical. We have a good skills programme. There was a good report in July last year to deal with that. We are looking at options, including the use of procurement to make …..." Lord Vallance of Balham - View Speech
"The noble Lord is right. About 11% of all companies in the world in quantum are in the UK. We are second in investment, but this is a race, others are spending huge amounts of money here and many of our companies look pretty attractive. That is why we have …..." Lord Vallance of Balham - View Speech
"I absolutely acknowledge the concern of a particular branch of physics—particle physics and astronomy—which has historically been placed under the Science and Technology Facilities Council. That is a bit of an odd situation, because it means its funding is traded off against facilities. That is exactly what is being looked …..." Lord Vallance of Balham - View Speech
"There are two important parts to that question. First, it is necessary to make sure that all existing data go through into post-quantum cryptography—in other words, into things that cannot be broken by quantum computers. That process is being led by the National Cyber Security Centre, which is working with …..." Lord Vallance of Balham - View Speech
"The first thing to say is that I think AI and quantum will come together, so the two technologies will be extremely powerful. We commissioned some work from the Regulatory Horizons Council, which has produced the world’s first approach to regulating quantum, very much in the line of regulating use, …..." Lord Vallance of Balham - View Speech
"I can assure the noble Lord that I look at that every day. I am looking at ways to make sure we unlock more private sector capital to get this acceleration. This is at a stage where these companies need to grow as private sector companies. We need to help …..." Lord Vallance of Balham - View Speech
"On the first part of my noble friend’s question, he should partially congratulate himself, because he was very involved in making that happen, and I join him in congratulating him. We have a very significant nuclear programme with SMRs coming along; and the Fingleton review and a series of other …..." Lord Vallance of Balham - View Speech