London to host £150m Future Cities Catapult to help boost innovation and growth
Tue 12 March 2013
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The Government's former Chief Scientific Advisor, Sir David King, will be chair of the new Future Cities Catapult which is being set up with £50m funding from the Technology Strategy Board (TSB). The Catapult, to be based in London, will look at ways in which services across areas such as health, transport, energy and public safety can be integrated, helping to boost the economy and benefit citizens.
The Catapult will be funded by up to £50 million over five years. With additional private sector inputs, the funding for the centre is expected to rise to around £150 million.
The Future Cities Catapult is part of a network of world-leading technology and innovation centres established and overseen by the Technology Strategy Board as a long-term investment designed to open up global opportunities for the UK and generate economic growth for the future. With investment from public and private sectors of around £1 billion over the coming few years, Catapults represent one of the most important developments in UK innovation and technology, and are expected to make a major impact for years to come.
Making the announcement at Innovate UK 2013, Secretary of State for Business Vince Cable said: “One of the decisions of this government I am most proud of is establishing a chain of Catapults across the UK. These are national centres of excellence, promoting innovation in collaboration with business.
“The Future Cities Catapult centre will be hosted in London, working in collaboration with the Future Cities demonstrator project in Glasgow. This latest addition to the Catapults network will complement those established in high value manufacturing, satellite applications, cell therapy, offshore renewable energy, transport systems and connected digital economy.
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