Friday, March 13, 2015

News: Bank of England governor visits Rotherham

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Bank of England governor Mark Carney has praised the University of Sheffield Advanced Manufacturing Research Centre (AMRC) with Boeing in Rotherham for its contribution to UK manufacturing's recovery.

Mr Carney was delivering his last public speech before the general election at the Nuclear AMRC, an event that coincided with the publication of "Building Futures" – a new book celebrating the achievements of the whole of the AMRC.

Building Futures marks the tenth anniversary of the completion of the first AMRC building on the Advanced Manufacturing Park (AMP) at Waverley and includes a foreword by the Governor in which he hails the AMRC as "a world leader in metallurgy and engineering research."

Carney was welcomed to the centre and given an overview of the AMRC cluster by AMRC executive dean Professor Keith Ridgway and Nuclear AMRC chief executive Mike Tynan.

The AMRC focuses on advanced machining and materials research for aerospace and other high-value manufacturing sectors. It is a partnership between industry and academia, which has become a model for research centres worldwide. The Nuclear AMRC is the focal point for the civil nuclear manufacturing industry in the UK.

Addressing a 200 strong audience of local business people, Mr Carney (pictured, centre) said: "No one knows better than the people in this room that manufacturing needs to be ever more productive to prosper in a world of strongly falling prices and rising international competition.

"The strong recovery of UK manufacturing in the last year, growth stronger than at any point in the past decade, is testament to the sector's continuing improvement.

"In my regular visits across the UK, I have come to realise the crucial role organisations such as the AMRC play in supporting both regional and national economies.

"The AMRC and many others have excelled because they have invested continuously in their most precious resort: their people. It is these people and the innovation they foster that will secure Britain's continuing place at the forefront of global manufacturing."

The governor finished his visit by meeting apprentices at the AMRC Training Centre, which provides the practical and theoretical skills that manufacturing companies need to compete globally.

Paul Woodcock, director of Planning, Regeneration and Culture at Rotherham Council, said: "It's heartening to see our long-term vision for Rotherham's role in the City Region and national economy endorsed by no less a figure than the Governor of the Bank of England.

"We've worked closely since the earliest days with the visionary people behind the Advanced Manufacturing Research Centre and the Advanced Manufacturing Park, which hold so much promise for the future not just of Rotherham but of innovation, manufacturing and quality jobs."

At the end of last year Professor Keith Ridgway CBE outlined plans for the ground-breaking centre to more than double its turnover to in excess of £80m over the next five years.

AMRC website

Images: Nuclear AMRC

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