£89 million new investment in UK Catapult network

4 Dec 2014 02:30 PM

Autumn Statement includes additional support for High Value Manufacturing Catapult and a new National Formulation Centre.

New funding announced in yesterday’s Autumn Statement will help businesses create the next generation of products in innovative areas from robotic tools and printable electronics to carbon fibre composites.

£61 million will be invested across the High Value Manufacturing Catapult centres whose cutting-edge equipment and expertise is helping around 2,250 manufacturers create innovative technologies and products
a £28 million investment will create a new world-class research and development centre – the National Formulation Centre – specialising in the development of formulated products such as medicines and chemicals

An image of an LED 'sleep mask' that tackles the causes of sight loss

Polyphotonix LED 'sleep mask' that tackles the causes of sight loss. Developed with help and support from the Centre for Process Innovation in Darlington - one of the seven High Value Manufacturing Catapult centres

Welcoming the support for innovation and R&D announced in the Autumn Statement, Chief Executive of Innovate UK Iain Gray said:

This Autumn Statement is a huge vote of confidence in innovative business up and down the country.

The extra support and new centre in the High Value Manufacturing Catapult that Innovate UK is setting up shows just how valuable the Catapults are to business, and how successful they have been in transforming the innovation landscape.

Find out more about the UK’s High Value Manufacturing Catapult centres

Read about how companies and Catapults are working together to create innovative new technology

Speeding up the production of Winglets

An LED Sleepmask that tackles the causes of sight loss