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£170m package for future growth in manufacturing announced
A £170m package to drive future growth in manufacturing has been announced.
A high value manufacturing technology and innovation centre will receive over £140m over a six year period and is open for business.
It will help to kick-start a sustained manufacturing revival by commercialising science.
The High Value Manufacturing technology and innovation centre is formed from seven regional facilities across the country.
These are the Advanced Manufacturing Research Centre in Rotherham, part of the University of Sheffield, the Nuclear Advanced Manufacturing Research Centre in Rotherham and the Manufacturing Technology Centre in Coventry.
Also, the Advanced Forming Research Centre at the University of Strathclyde, the National Composite Centre at the University of Bristol, the Centre for Process Innovation in Wilton & Sedgefield and the Warwick Manufacturing Group at the University of Warwick.
They will support research and development in areas such as the re-emerging nuclear industry, precision aircraft component manufacture and biochemical processes from sustainable feedstocks.
The Technology Strategy Board (TSB) will run a competition of nearly £18m, Technology Inspired Innovation, to fund products inspired by new discoveries and breakthroughs, such as advanced materials, biosciences and nanoscale technologies.
The TSB and the Office for Low Emission Vehicles will also be running a £15m competition for investment into the research and development of low carbon vehicles.
To ensure manufacturers have access to the skills they need to remain at the forefront of advanced manufacturing, the Government has launched the new initiative: See Inside Manufacturing.
Business Secretary Vince Cable said: "Manufacturing has a key role to play in economic growth and rebalancing the economy, in particular driving exports and productivity."
Further information:
Department for Business, Innovation and Skills
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