The Imovation Centre will focus on everything from driverless vehicles to integrated logistics and smart traffic lights.
"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," Business Secretary Vincle Cable said.
"This new innovation centre will ensure the UK is well placed to profit from the increased demand for hi-tech transport solutions – creating jobs, supporting businesses, and driving economic growth."
Cable described the Imovation 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.
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