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March 18, 2026

Can Rachel Reeves stop the UK’s deeptech startups drifting abroad?

UK finance minister Rachel Reeves this week announced a package of support for the UK's quantum companies. But is it enough?


Freya Pratty and Tom Nugent

4 min read

UK finance minister Rachel Reeves this week unveiled billions of pounds worth of support for the country’s tech ecosystem, vowing to stem the flow of promising startups “drifting abroad”. 

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

Tom Nugent

Tom Nugent is Sifted’s managing editor. He covers robotics, chips and university spinouts. Follow him on X and LinkedIn

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