British company Oxford Quantum Circuits (OQC) has announced a €92 million investment to establish what is set to become southern Europe’s largest quantum computing centre in Barcelona. The initiative is expected to create around 200 jobs and further strengthen Catalonia’s ambition to become one of Europe’s leading technology hubs.
The announcement was made by OQC’s Chief Executive, Gerald Mullally, who described the development as “more than just a new headquarters for OQC: it’s a commitment to Europe”. He added that the company intends to develop and manufacture “the next generation of quantum computers” in Barcelona.
Construction of the OQC Global Quantum Development & Manufacturing Centre is scheduled to begin in the fourth quarter of 2026. The facility will focus on the research, development and manufacture of quantum technologies, a field considered key to the future of advanced computing and industrial competitiveness.
The investment forms part of OQC’s €300 million global funding round and is backed by the Spanish Development Finance Company (Cofides), which has committed €46 million. According to Ángela Pérez, Chair and Chief Executive of Cofides, the initiative is expected to mobilise around €275 million in Spain over the next five years. She also highlighted the importance of public-private partnerships in supporting strategic projects and strengthening the country’s position in emerging technology sectors.
Beyond the direct investment, the new facility is expected to generate wider benefits for Catalonia’s scientific and industrial ecosystem through the creation of around 200 skilled jobs and by attracting specialised talent and technology companies.
The Barcelona site will serve as OQC’s European development hub and is intended to become a leading centre for the design and manufacture of quantum computers based on superconducting circuits, the technology on which the company has focused since its founding in 2017. The initiative has also received support from local institutions and the business community, including Barcelona City Council and regional business development organisations.
