UK’s Catapult innovation centres to get £1.6 billion over five years

Network of technology and innovation centres receives 35 per cent budget uplift in autumn statement

Government funding for the UK’s Catapult centres is set to increase by more than a third, under plans set out in yesterday’s autumn statement.

The network of technology and innovation centres will receive £1.6 billion over the next five-year funding cycle, representing a 35 per cent uplift on the previous settlement, according to Treasury documents.