10.07.13
Milton Keynes to host Transport Systems Catapult Centre
The new Transport Systems Catapult Centre will be based in Milton Keynes, for ease of access, a skilled talent pool and the availability of high quality business space.
The centre will be funded by the Technology Strategy Board (TSB) with £50m over five years, with private sector business and collaborative R&D projects expected to raise the total funding to £150m.
The centre will provide a national hub for transport modelling and monitoring to develop freight and passenger solutions.
Universities and science minister David Willetts said: “The Transport Systems Catapult will put Milton Keynes at the forefront of exploiting the huge growth opportunities in a sector estimated to be worth up to £900bn by 2025.
“The Catapult will establish the UK as a world leader in transport systems, creating new technologies that can be exported across the world, boosting growth. New systems will also help businesses get access to real time information so they can travel more efficiently, reduce lost time and save money.”
Steve Yianni, CEO designate of the Transport Systems Catapult said: “An efficient transport system that can move people and goods in a cost effective way is vital to the success of the UK economy. The Transport Systems Catapult will ensure that new and emerging technologies are harnessed to meet the growing requirements for transport systems of the future.
“Milton Keynes is the UK’s fastest growing city, with a proactive council focused on innovation and success. As well as being an ideal place to live and work, Milton Keynes provides a great platform to demonstrate the work of the Transport Systems Catapult.”
Cllr David Hopkins, cabinet member for economic development & enterprise at Milton Keynes Council said: “We are delighted that the Transport Systems Catapult has chosen Milton Keynes to host their technology and innovation centre. Milton Keynes is an ultra-modern, fast-growing city that embodies and embraces innovation in everything it does.”
Tell us what you think – have your say below, or email us directly at [email protected]
Image c. Marc Antoine L Frenette