High Value Manufacturing Catapult

The High Value Manufacturing Catapult (HVM Catapult) is a group of manufacturing research centres in the United Kingdom which forms part of the Catapult centres initiative.

History

Catapult centres were set up by Swindon's Innovate UK (formerly the Technology Strategy Board).

The HVM Catapult was created with £140m of government funding and was the first Catapult centre to open, in October 2011. In 2016, manufacturing employed 2.6m people in the UK, and contributed 11% of GDP.[1]

Structure and funding

The HVM Catapult has offices at the Blythe Valley Business Park, off junction 4 of the M42 in Cheswick Green, Solihull, West Midlands. It is a Private company limited by guarantee[2] and its members are seven national centres:[3]

The company applies for grant funding from Innovate UK, on behalf of itself and its members, and makes grants to the members with the funding received. In the year to March 2017, £89m of grant funding was received alongside £67m collaborative income from the private sector; at 31 March 2017 there were 2,114 employees in total at the centres.[4]

In August 2018, each of the centres received allocations from a package of new government funding.[5]

References

  1. ↑ The Engineer August 2016
  2. ↑ "High Value Manufacturing Catapult". Companies House. Retrieved 26 August 2018.
  3. ↑ "HVM Catapult Centres". High Value Manufacturing Catapult. Retrieved 26 August 2018.
  4. ↑ "HVM Catapult: Full Accounts to 31 March 2017". Companies House. Retrieved 26 August 2018.
  5. ↑ "Chancellor announces funding for Catapult network". UK Research and Innovation. 10 August 2018. Retrieved 26 August 2018.
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