UK Lacks Growth Funding for Critical Sectors Like Quantum, AI

UK spinouts in critical sectors such as artificial intelligence, quantum computing and life sciences struggle to raise funding to scale up in the UK, relocating or selling to US companies to grow, according to a report.

Only three companies spun out of UK university research managed to raise £500 million ($667 million) or more over the past five years, according to data from investment company Parkwalk Advisors and research company Beauhurst.

Almost 1,000 spinouts raised as much as £5 million over the same period, implying a strong research pipeline and easier access to early-stage capital. But there is a sharp ...