The new Transport Systems Catapult Centre will help UK businesses to develop solutions to public transport and freight needs. It will also help Milton Keynes to exploit huge growth opportunities in an industry estimated to be worth up to £900 billion by 2025.
The Catapult Centre will be funded by up to £50 million over 5 years through the UK’s innovation agency, the Technology Strategy Board.
With private sector business and collaborative research & development projects, the total funding for the centre over 5 years is expected to be around £150 million.
The Centre will be a national hub for transport modelling and monitoring. It will test the latest theories on how transport systems interact and function against real-world examples.