New funding announced in today’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
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.