UK Investment in Hi-Tech Manufacturing Centre
A recent article from TheBusinessDeck has reported that the D2N2 Local Enterprise Partnership will invest £5 million in the University of Nottingham’s Institute of Advanced Manufacturing, UK. It is expected that by the end of 2017, construction on the centre (located near Derby Road) will be completed. This will cost a total of approximately £23 million, including the £5 million investment from the LEP which has been confirmed by the Infrastructure and Investment Board of D2N2.
Advanced facilities for teaching, training, and research in manufacturing will be available, enabling graduates to provide for the local and wider community using skills gained. The new Institute will produce an 8000 square metre training and research area, and is predicted to create many jobs within its initial five years. In addition to this, it will aid manufacturing companies in the LEP and other areas, using expert skills to attend to technical faults and help promote new technology products.
The chief executive of the D2N2 LEP, David Ralph, is quoted to have said that the Institute will be a world-class facility that will help establish a new industrial strategy as the Government desires, especially in manufacturing. He also said that it will allow organisations to grow through creating new products and innovating, as well as attract skilled individuals and keep talented graduates. The D2N2 is also pursuing the same aims as the new Institute via European funding.