The UK government has introduced new grants aimed at supporting semiconductor firms, marking a shift from previous funding concerns.
- The scheme allocates £11.5 million to 16 innovative semiconductor projects, despite earlier criticisms of insufficient funding.
- Patrick Vallance expressed past doubts about small grants but now supports their potential in nurturing industry leaders.
- The funded projects leverage cutting-edge technology, including advancements in blue light lasers and SWIR sensors.
- The semiconductor sector’s growth is highlighted, with the UK’s industry projected to increase significantly by 2030.
In a surprising pivot, the UK government has launched a new scheme to bolster semiconductor innovation through modest grants. This development follows earlier remarks from Patrick Vallance, who had expressed concerns about the adequacy of such funding. The initiative, backed by Innovate UK, distributes £11.5 million across 16 projects, averaging £720k per project.
Previously at London Tech Week, Vallance highlighted the challenges faced by startups with limited funding, remarking that receiving only £1m could spell trouble. Despite these concerns, he now advocates for the scheme, suggesting it could elevate firms to become industry leaders and strengthen the UK’s £10bn semiconductor sector.
Among the beneficiaries is Vector Photonics Limited, collaborating with the University of Glasgow to enhance the efficacy of blue light lasers using gallium nitride. This innovation aims to revolutionise everyday technology by significantly lowering costs. Another notable project is led by Quantum Advanced Solutions Ltd alongside the University of Cambridge, focusing on developing advanced SWIR sensors to improve vision in sectors like defence.
The funding coincides with the G7 Semiconductors Point of Contact group’s forum at Arm’s headquarters, discussing strategic issues like supporting early-stage innovation. The UK’s semiconductor sector, comprising over 200 companies, is currently valued at £10bn and is poised to grow substantially by 2030, according to industry reports.
Iain Mauchline from Innovate UK emphasised the importance of semiconductors as key enablers for the UK’s technological ambitions. This funding initiative underscores the depth and potential within the UK’s semiconductor ecosystem.
The UK’s strategic shift towards small grants is set to drive innovation and growth within the semiconductor industry.
