Economic Impact of Quantum Computing in Sussex and Greater Brighton by 2050
Quantum computing in Sussex and Greater Brighton could contribute £1.2 billion-£1.9 billion to the South East and support 7,000-11,400 jobs by 2050. UK-wide, the sector could reach £2.5 billion-£4.1 billion and support 25,000-40,800 jobs. Improved productivity of around 8% is anticipated, contingent on effective sector support. Insufficient funding may reduce economic impacts by approximately 40%.
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By 2050, the quantum computing sector in Sussex and Greater Brighton could contribute £1.2 billion-£1.9 billion to the South East economy and create 7,000-11,400 jobs. Nationally, the sector may generate £2.5 billion-£4.1 billion and support 25,000-40,800 jobs.
Adoption of quantum technologies is projected to increase productivity by 8% in the region. However, concerns exist about insufficient domestic support leading to potential economic losses of 40%. Effective funding is critical to realizing these economic benefits.
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