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Government funds manufacturing research in drive for future growth

The UK’s ability to stay at the forefront of world-class manufacturing received a boost of over £170 million today as the Government announced a package to drive future growth.

A high value manufacturing technology and innovation centre will receive over £140 million over a six year period and is open for business.

The centre is formed from seven research and technology facilities from across the country. It will help to kick-start a sustained manufacturing revival by commercialising science – taking ideas from the drawing board to help make them into real products.

The Technology Strategy Board (TSB) will run a competition of nearly £18 million, 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 (OLEV) will also be running a £15 million competition for investment into the research and development of low carbon vehicles.

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New help for manufacturers could generate £1.5bn growth and create 23,000 jobs

The new service will be delivered by the Manufacturing Advisory Consortium (MAC) and will help create an estimated £1.5bn in economic growth, 23,000 jobs and safeguard 50,000 jobs.

The Manufacturing Advisory Service will continue to deliver a national service to all manufacturing businesses in England but the new consortium now means that there will be a specific focus on:

  • driving business growth through strategic and technical support for SMEs developing advanced manufacturing capabilities and creating high value jobs
  • enabling business improvement with manufacturers operating in global supply chains; and
  • linking SMEs with the apprenticeship programme delivering a minimum of 1,250 engineering and manufacturing apprenticeships annually.
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