Establishing and maintaining a network of centres with world-leading technical capabilities requires a sustained investment – from both public and private sector. Centres also need to create a critical mass of activity surrounding them which will anchor the activities of globally mobile companies in the UK.
The centres gain their funds from a mix of competitively earned commercial funding and core Innovate UK investment. The funding balance will vary through the life of the organisation deriving broadly from three sources:
Catapults were established by Innovate UK. Each Catapult is a company limited by guarantee (CLG), a separate legal entity from Innovate UK and independent from each other. They are controlled by their own Boards with an Executive Management team responsible for the day-to-day management of each Catapult.