British researchers and entrepreneurs will be getting £780 million in extra funding to develop emerging technologies.
The £780 million in funding is aimed at expanding ‘catapult centres’ as part of the UK’s Modern Industrial Strategy.
The news follows after the government provided £180 million additional funding for two Research and Development centres in North East England.
What Is a Catapult?
A catapult is an important part of Innovate UK’s “full range of innovation support for businesses”.