We set out to generate our funding from 3 sources
The Catapult Programme was announced by the UK Government in October 2010, to close the gap between innovation and commercialisation. The Catapult Programme is key to the UK’s aim to rebalance the economy by spreading economic success across sectors and supporting our world class industries, as set out in the Government’s Plan for Growth, the Science and Innovation Strategy and the Industrial Strategies. The Catapult themes were selected for their competitive strength and their potential for generating significant growth to the UK economy.
The Government’s Plan for Growth – Science and Innovation (December 2014) states:
“This government and its predecessors have done much in recognition of the crucial role that science and innovation play in our economic prospects and well-being.[…] This commitment to science and innovation has been strategic and long-term. […] The Industrial Strategy has set a whole-of-government approach in partnership with business and the voluntary sector. A network of elite technology and innovation centres, the Catapults, has been created and is progressively bringing together this national ambition. These efforts have started to pay off. The existing […] Catapults are widely supported by the business community.”