Friday, July 8, 2011

News: Hub would grow the globally competitive manufacturing sector


A proposed Advanced Manufacturing and Materials Growth Hub (AMM Growth Hub) would galvanise Rotherham's global reputation in the advanced manufacturing and materials sector.

Based on the Advanced Manufacturing Park (AMP), the project is led by The National Metals Technology Centre (NAMTEC), Finance Yorkshire and the University of Sheffield and Sheffield Hallam University, working in partnership with the Sheffield City Region LEP.

A bid to secure £3.3m from the government's Regional Growth Fund was endorsed this week by the Sheffield City Region LEP.

Discussions are ongoing with potential private sector partners including Barclays, RBS, Lloyds-TSB, Santander, Grant Thornton, DLA Piper, and Nabarro with regard to their involvement and support.

The total cost of the programme is £27m and would include an Innovation Fund, an SME loan scheme, a supply chain support programme and a workforce development programme. This would mean targeted and effective support for high growth potential manufacturing companies across Yorkshire. It aims to create and safeguard in excess of 4,000 jobs over a 10 year period, and generate £70m of new sales by 2014.

The programme is structured to be fully sustainable and will continue to deliver benefits over the next 10 years, based on a commercial business model.

NAMTEC leads on delivering research and technology development, knowledge transfer, and training to companies in the engineering and manufacturing industries.

The AMP is the UK's premier advanced manufacturing technology park where world-leading materials and structures R&D organisations are partnering industry innovators and international brands to create a centre of advanced manufacturing excellence with a global reputation.

NAMTEC website


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