Question to the Department for Business, Innovation, Science and Trade:
To ask the Secretary of State for Business, Innovation, Science and Trade, what steps he is taking to ensure that UK-developed quantum technology companies remain headquartered in the UK as they scale.
We want to ensure the most promising quantum companies are motivated to start, grow and scale here in the UK. We have committed over £1bn to deliver an integrated support offer for scale ups that brings together R&D, skills and procurement to anchor manufacturing and R&D activity right here in the UK. We are also joining up with Public Finance institutions to promote UK quantum companies, with the BBB investing £40m in Quantum Motion and £100m in Oxford Quantum Circuits in Series C rounds earlier this year.