UK pension money flows into Oxford Quantum Circuits and Quantum Motion

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Ordinary workplace pensions are starting to back British quantum companies. Quantum Computing Report says Scottish Widows and Aberdeen Investments have made the first investments from a new long term asset fund, including stakes in Oxford Quantum Circuits and Quantum Motion

The fund is called the CG Scottish Widows Growth Long-Term Asset Fund and is authorised by the FCA, with IP Group managing it. Scottish Widows is part of Lloyds Banking Group

Oxford Quantum Circuits builds superconducting qubits using its 3D Coaxmon design, while Quantum Motion makes silicon spin qubits on standard chip production lines. The fund's other first investments are battery firm Nyobolt and Genomics Ltd

The aim is to channel UK defined contribution pension savings into growth stage deep tech companies. British spinouts have often relied on foreign money or overseas listings for later funding rounds, and no investment sizes have been disclosed

Keeping promising British companies funded at home has been a long running challenge, so this is an encouraging step. Pension funds think in decades, which suits quantum computing's long timelines. Savers will want to see these investments managed carefully, given the risks

Should pension money back early stage technology? And which British quantum company would you back?

Scottish Widows and Aberdeen Allocate UK Workplace Pension Capital to Oxford Quantum Circuits and Quantum Motion via LTAF - Quantum Computing Reportquantumcomputingreport.com