Electronics benefits from Government investment in advanced manufacturing
1 min read
In what is being described as a 'significant package of measures', the Government is announcing a package worth £151.5million to help UK manufacturers seize the opportunities provided by emerging technologies.
The investment will expand access to information, encourage take up of new technologies and address specific challenges faced by the aerospace sector, said business secretary Lord Mandelson.
According to Lord Mandelson: "At the heart of Britain's knowledge economy is our manufacturing base. High value, highly skilled and internationally successful businesses that have worked hard to secure a lead in high tech global supply chains.
"This practical package of measures will help equip British manufacturers, of all sizes and sectors, to take advantage of the advanced technologies and new market opportunities now shaping our low carbon industrial future."
Included in the announcement is a £12m expansion of the Printable Electronics Centre in Sedgefield, pictured, which is expected to create up to 1500 jobs by 2014, and a further £5m investment by the Technology Strategy Board in collaborative R&D projects as part of its High Value Manufacturing competition. This is in addition to the £24million funding announced earlier this year.
The Government will also provide £500,000 to support the development of a Centre of Excellence for Silicon Design in the South West.
"It's about giving [businesses] the support they need to create jobs in Britain and export the best of British manufacturing design, technology, skills and innovation around the world," Lord Mandelson continued.
