Business Secretary opens UK centre for smart transport 12 June 2014

Business Secretary Vince Cable today (12 June 2014) opened a new innovation centre for 'smart' transport technology, claiming that it will transform the movement of people and goods around the world – and generating up to £900 billion per year for the UK by 2025.

Based in Milton Keynes, the Transport Systems Catapult's Imovation Centre will focus on everything from driverless vehicles to integrated logistics and smart traffic lights, he said.

It will also support business growth in this emerging market, positioning the UK as a global leader in intelligent mobility products and services.

"Britain has a long history of transport innovation – from the shipbuilders who paved the way for globalisation, to the railways that underpinned the industrial revolution," said Cable.

"This new innovation centre will ensure the UK is well placed to profit from the increased demand for high-tech transport solutions – creating jobs, supporting businesses, and driving economic growth."

Cable described the Innovation Centre as a world-class "collaboration space" for innovators, entrepreneurs, research organisations and businesses, using the latest technological developments to improve transportation.

It will also offer modelling and testing facilities, allowing new products to be trialled and demonstrated.

"Intelligent mobility harnesses new technologies to create seamless journeys, where transport is smart and connected, and delays and congestions are a thing of the past," insisted Steve Yianni, chief executive of the Transport Systems Catapult.

"The Imovation Centre will take the brightest solutions to the most pressing transport challenges, and help make those ideas a commercial success."

Author
Brian Tinham

This material is protected by MA Business copyright
See Terms and Conditions.
One-off usage is permitted but bulk copying is not.
For multiple copies contact the sales team.