Work continues in earnest to prepare London for hosting a new multi-million pound centre for innovation that will facilitate conferences and exhibitions aimed at furthering developments in combating the problems of urbanisation in the world.
Most of the world’s people now live in urban areas. The Future Cities Catapult Centre in London hopes to put British enterprise at the heart global green development. The aim is to feed an increasing appetite for accessible solutions that help cities across the world operate more efficiently whilst at the same time looking after the environment.
The new centre will have £50 million investment from the Government’s innovation department and the Technology Strategy Board (TSB) aims to back it with a further £100 million.
Researchers think around 60 million people relocate to urban areas every year and this is putting extra stress on cities’ networks for services like water, transport, healthcare, and energy. Yet those behind the new innovation centre believe that business can deliver the solutions needed to combat everything from traffic congestion to energy shortages. Estimates say that by 2030 the market for innovative cities across the world and their services could have an annual worth of £200 billion.
The Catapult Centre will liaise with business to bring ideas for development to the fore and spread them across the world. It will also work in conjunction with the Scottish city of Glasgow through a £21 million initiative showing how future cities might look and function.
The TSB said the capital came out on top because of London’s fantastic transport links, both domestic and abroad, its reputable universities, excellent track record in engineering, and highly-trained staff.
The Catapult Centre will open in 2014 and forms part of over £180 million investment set out for sustainable development by the TSB.
The TSB also released a statement announcing that it had signed a contract with the government in India to support Indian and UK enterprise and research in a joint innovation initiative that will last three years. The TSB commented that it is committed to funding the programme to the tune of £5 million.
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