{"id":111667,"date":"2025-05-18T12:21:28","date_gmt":"2025-05-18T12:21:28","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/111667\/"},"modified":"2025-05-18T12:21:28","modified_gmt":"2025-05-18T12:21:28","slug":"quantum-computing-could-boost-uk-productivity-and-gdp-growth-but-government-support-is-crucial","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/111667\/","title":{"rendered":"Quantum Computing could boost UK productivity and GDP growth, but government support is crucial"},"content":{"rendered":"

New research from Oxford Economics, published today, predicts that quantum computing could give the UK an economy-wide productivity boost of up to 7% by 2045 \u2013 equivalent to an addition of up to \u00a3212 billion to the UK\u2019s GDP. However, the report finds that increased government support for the sector will be crucial for the UK to realise the benefits of quantum computing and remain globally competitive in the field.<\/p>\n

The modelling also predicts that if quantum computing becomes commercially viable earlier, by 2029, the UK could see an economy-wide productivity increase of up to 8% by 2040, adding more than \u00a3200 billion to national GDP.<\/p>\n

Current UK government (quantum hardware) funding is more than 10 times smaller than peer nations. With global investment in quantum technologies increasing at a rapid rate, the UK risks losing its initial advantage in quantum and the potential benefits available in the future.\u201d.<\/p>\n

Would like to learn more?<\/p>\n

Media enquires<\/p>\n

Please contact Julio Urdaneta at [email\u00a0protected]<\/a> <\/p>\n

Authors behind this report<\/p>\n

\t\t\t\t\t\"\"<\/p>\n

\t\t\t\tAndy Logan\t\t\t<\/p>\n

\n\t\t\t\tDirector of Industry Consulting\t\t\t<\/p>\n

\n\t\t \t\t +44 203 910 8051\t\t <\/p>\n

\t\t\t \t\t\tClose\t\t<\/p>\n

Andy Logan leads our Consultancy offer on different industries for clients. He undertakes studies forecasting the demand for company\u2019s products, analysing the drivers of different industries growth, and assessing the size of different markets and industries. He also investigates the competitive pressures and opportunities facing industries now and in the future. Another area, where he has a keen interest is in studies assessing the demand and supply of labour for different industries and occupations, identifying potential skill shortages and implications for migration.<\/p>\n

He has worked with clients in most industries, and in many countries of the world.<\/p>\n

Prior to joining Oxford Economics, Andy worked in a variety of economist roles at the Bank of England for 15 years. His research focused on the labour market, commodity and producer prices, UK trade flows, and the performance of UK banks. He holds an MSc. and BA. degrees from the universities of London and Leicester.<\/p>\n

\t\t\t\t\t\"\"<\/p>\n

\t\t\t\tSofia de Martin\t\t\t<\/p>\n

\n\t\t\t\tEconomist, Industry\t\t\t<\/p>\n

\t\t\t\t\t\"\"<\/p>\n

\t\t\t\tEmily Gladstone\t\t\t<\/p>\n

\n\t\t\t\tLead Economist\t\t\t<\/p>\n

\n\t\t \t\t +44 779 157 4926\t\t <\/p>\n

\t\t\t \t\t\tClose\t\t<\/p>\n

Emily is a Senior Economist on the Industry team where she supports bespoke industry projects in areas such as renewable energy, construction and insurance. She is also involved in other projects like economic impact studies.<\/p>\n

Prior to joining Oxford Economics, Emily worked for 5 years as a government economist for the UK Civil Service, working in the Department for International Trade (DIT) and the Department for Business, Energy and Industrial Strategy (BEIS). In DIT she worked on assessing the socio-economic impact of Free Trade Agreements (FTAs) and Freeports. She also worked in a crisis covid-19 analytical team, providing supply chain analysis and reporting of critical goods to ministers. In BEIS, she used economic analysis to develop policy positions for manufactured goods for both Free Trade Agreements, the Northern Ireland Protocol and the UK\u2019s Global Tariff Schedule. Emily holds a Bsc in Economics from the University of St Andrews.<\/p>\n

\t\t\t\t\t\"\"<\/p>\n

\t\t\t\tPaul Donnelly\t\t\t<\/p>\n

\n\t\t\t\tAssociate Director, Business Development \u2013 EMEA\t\t\t<\/p>\n

\n\t\t \t\t +44 (0) 203 910 8077\t\t <\/p>\n

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\n Find Out More <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"New research from Oxford Economics, published today, predicts that quantum computing could give the UK an economy-wide productivity…\n","protected":false},"author":2,"featured_media":21085,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3164],"tags":[3284,806,53,16,15],"class_list":{"0":"post-111667","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-industry","10":"tag-technology","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114528812316984141","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/111667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=111667"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/111667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/21085"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=111667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=111667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=111667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}