The first technology centre, which will focus on high-value manufacturing, will be established and overseen by business-led government body the Technology Strategy Board, that will work in partnership with universities and businesses to help commercialise new technology that could have lucrative global markets.

“Britain’s economy has been too reliant on the financial sector and we need to diversify as we go for sustainable growth. It is crucial that we support UK industry to turn the discoveries of our world-leading researchers into world-beating products and services,” said secretary of state for business, Vince Cable.
The Technology Strategy Board has published a prospectus (PDF) that will fast track the creation of this centre which outlines plans to establish a network of six to eight centres covering energy & resource efficiency, transport systems, healthcare, ICT and electronics and photonics & electrical systems.