Business Secretary Vince Cable has this week outlined an expansion to the UK’s Catapult centres.
Established by the Technology Strategy Board, the Catapults are a network of seven technology and innovation centres where the UK’s businesses, scientists and engineers can work side by side on research and development.
They are currently themed around High Value Manufacturing, Satellite Applications, Cell Therapy, Offshore Renewable Energy, Future Cities, Transport Systems and the Connected Digital Economy.
Following the success of these centres, a commitment has been made to invest in two new Catapults in 2015/16.
An Energy Systems Catapult will help innovative UK businesses tackle the challenge of creating energy systems that meet future supply and demand, both in the UK and overseas.
A Diagnostics for Stratified Medicine Catapult will help identify and provide the right care for individual patients, allowing businesses to develop new treatments and reducing the cost of healthcare.
An extra £7m is also being invested in the High Value Manufacturing Catapult. In its first year the centre has been involved in 830 projects and engaged with almost 2,000 small and medium sized enterprises.