The UK has, through a mix of government and industry funding, committed more than £1Bn over ten years to a coordinated programme in quantum technology. Five years into this programme, the UK National Quantum Technology Programme has induced a step change in the nation's capabilities for establishing a new sector in future quantum information technologies. We describe how the programme arose and the activities it has supported and influenced to deliver these new capabilities, building on a first phase of over £385M investment across several UK government agencies. As the programme enters its second phase, with a further substantial investment by UK government and global industries, we review the prospects for ensuring the advanced quantum science and demonstrator platforms in imaging, sensing, timing, communications and computing developed over the past five years drive the formation of the sector and embed quantum tech in a broad range of industries by means of new products and services.