The nuSTORM facility will provide ν_e and ν_μ beams from the decay of low energy muons confined within a storage ring. The neutrino and anti-neutrino event rates are such that the nuSTORM facility serving a suite of near detectors will be able to measure ν_eN and ν_μN cross sections with the %-level precision required to allow the next generation of long-baseline neutrino-oscillation experiments to fulfil their potential. The physics potential of nuSTORM also includes exquisitely sensitive searches for light sterile neutrinos such as those that have been postulated to explain the LSND and other neutrino anomalies.