Showing posts with label Northern Powerhouse. Show all posts
Showing posts with label Northern Powerhouse. Show all posts

Wednesday, June 17, 2026

News: AMP transformation makes Rotherham a global story

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The Advanced Manufacturing Park (AMP) in Rotherham is described as one of the best examples of economic development in the country, with its impact something you can see, physically and numerically.

A new report from the Northern Powerhouse Partnership (NPP) has examined Rotherham’s economic transformation over the past two decades, building on a report last year that showed that Rotherham had the fastest-growing sub-regional economy in the North, with a 63.9% increase in productivity between 2004 and 2023.

The latest analysis pinpoints the smaller area that includes the AMP - the site at Waverley developed by Harworth and anchored by the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC) which now supports a cluster which brings together businesses like Boeing, Rolls-Royce and McLaren Automotive with world-class research capability.

The report shows that real gross value added (GVA) grew in the AMP area from £111.6m in 2004 to £369.8m in 2022, a 231% increase in real terms, the strongest of any area in the borough by a substantial margin.

In 2022, small-area GVA per employee job in the AMP area reached £79,400 (2022 prices), 50% above the borough average and up 46.5% in real terms since 2015. The report says that this strongly indicates that the AMP is generating high-value economic activity.

Henri Murison, Chief Executive at The Northern Powerhouse Partnership, was talking at a Rotherham Together Partnership event last week about the transformation. He said that his organisation has been intrigued by the borough, saying that there was something "unusual and special about Rotherham."

Murison said: "The AMP economic trajectory is way above the borough, and the normal economy, and you can physically and numerically see the impact."

Situated on the former Orgreave colliery and coking works site, the AMP represents a striking example of economic renewal. An area once synonymous with the challenges of industrial decline, it is now home to one of Europe’s most significant clusters of advanced manufacturing, research and engineering activity.

Murison added: "The AMP is one of the country's best examples of economic development and the commitment by the area's leadership to push forward and prioritise employers like Rolls-Royce has had genuine dividends."

He referenced the collaboration with city neighbours, where the innovation district has expanded over the border from the AMP onto the site of the former Sheffield airport, and said that closing the economic productivity gap with city neighbours, as Rotherham has done, was unusual.

Murison concluded that Rotherham will need to take risks to continue the growth and pointed to the potential of the Don Valley Corridor and new Rotherham Gateway station on the mainline.

He said: "The point is, you have done this before, and when people like us say that you are likely to do it again, investors and people in real estate see this."

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Andrew McPhillips, Chief Economist at the Northern Powerhouse Partnership and author of the report, said: “Rotherham has recorded the fastest productivity growth of any major town in the North since 2004, but what is particularly striking is what sits behind that performance.

“Our analysis shows a long-term shift away from traditional heavy industry towards advanced manufacturing, engineering and innovation-led activity centred on the Advanced Manufacturing Park and the wider Don Valley corridor.

“The lesson is not that every place should try to replicate Rotherham exactly, but that through sustained collaboration between universities, businesses, investors and local leaders, we can create the conditions for long-term economic transformation.”

Tom Riordan CBE, Northern Growth Envoy, was also at the Rotherham Together Partnership event. He said: "Rotherham is a global story. It's not just you, it's a story for the North, and the UK - let's use it because this is how you get people working together, this is how you get that flywheel effect."

The former Yorkshire Forward boss also discussed the opportunity with the Don Valley Corridor and new Rotherham Gateway and said that he would continue to be a "friend and ally of Rotherham."

Cllr Chris Read, Leader of Rotherham Council, said: “The story of Orgreave and its transformation into something genuinely world‑leading at the Advanced Manufacturing Park to testimony to an extraordinary group of people, but it demonstrates a model which should inspire us for the future.

“Rotherham’s success story over the last decade is perhaps slightly obscured by the fact that hard work was undertaken in the typically determined, resilient but never showy style of our community. As we look towards the next decade of opportunity, the Don Valley Corridor has the potential to be one of the most important growth areas anywhere in the country and an exemplar for the North. This is about forging ahead, building on the lessons of the AMP while making the most of new industries, infrastructure and investment.

“Our plans for Rotherham Gateway, which would bring mainline services back to Rotherham for the first time since the 1980s, we’re looking to go further still, bringing new connections, new employment space and thousands of good-quality jobs closer to our communities.

“This welcome report shows not just how far we’ve come, but what’s possible when we get that long-term partnership right, giving certainty and stability for investment, and building on our strengths. There is much more to do, but with the momentum we have, we should be looking to the future with confidence.”

Northern Powerhouse Partnership website

Images: JPG / AMRC Training / RMBC

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Thursday, September 11, 2025

News: Northern leaders host productive meeting in Rotherham

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Some of the North’s biggest employers and civic leaders convened at the Advanced Manufacturing Park (AMP) this week to hear how Rotherham achieved the highest productivity growth in the North over last two decades.

Many of the North’s significant employers, civic and university leaders met at the former Orgreave site, now the Advanced Manufacturing Park (AMP) at Waverley, to hear first-hand how Rotherham delivered its productivity turnaround and to identify the right lessons for the rest of the North: a Metro Mayor backing a proven cluster built by decades of collaboration between Rotherham and Sheffield councils, serious investment in applied research, skills and innovation and having the right type of property regeneration and development expertise that can curate and deliver the built environment to facilitate this success.

Earlier this year Rothbiz reported on the Northern Powerhouse Partnership crowning Rotherham as having the North’s fastest productivity growth of any place, according to analysis of ONS data over the last two decades. Rotherham’s productivity (GVA per hour worked) rose by 63.9% which was among the strongest gains anywhere in the UK.

This progress has been made possible by long-term partnership between Universities, the Public & Private sector and notably developers Harworth Group Plc. South Yorkshire was named as the UK's first investment zone with land on the AMP amongst the sites – built on the partnership between universities, private and the public sector. Of the council areas in South Yorkshire, Rotherham has had higher productivity growth, but Sheffield remains the most productive part of South Yorkshire in absolute terms, showing how collaboration has lifted both places rather than pitting them against each other.

At the heart of this story is the AMP, now home to world-class manufacturers and the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC) as well as supporting over three hundred local SMEs with innovation and adoption. The NPP’s Board have been keen to learn from this approach and discuss how to apply it across the North.

Cllr Chris Read, Leader of Rotherham Council, said: “Rotherham’s transformation is proof of what can be achieved through long-term investment and partnership. What was once the site of Orgreave is now the UK’s first Advanced Manufacturing Park, built with the University of Sheffield, and it has helped make Rotherham the fastest-growing local economy in the North.

"With Northern Powerhouse Partnership Board meeting here today, it’s a chance to reflect on that progress and to consider what comes next. We’re pressing ahead with the biggest regeneration programme in a generation; from our town centre to new homes and business space, and plans for a new mainline station to reconnect Rotherham to the national rail network for the first time since the 1980s. With the right tools and backing, towns like ours can continue to grow and play a leading role in the North’s future.”

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Henri Murison, Chief Executive, Northern Powerhouse Partnership, said: “Rotherham’s turnaround shows what patient investment and partnership can deliver. The AMP has turned a site epitomising the destruction of an industry into a genuine engine of growth. This hasn’t happened in isolation, with collaboration between partners unlocking significant private investment.”

“That’s why we’re seeing Rotherham’s rapid gains while Sheffield’s strengths as a core city need to be further capitalised upon for the benefit of the whole of South Yorkshire which cannot meet its wider potential unless the city at its heart succeeds. The Metro Mayor Oliver Coppard doubling down on what has worked already is a critical signal from the public sector to unlock further private investment to the benefit of both Rotherham and Sheffield.”

Lynda Shillaw, Chief Executive, Harworth Group plc, said: “Harworth has invested in excess of £200m over more than two decades in the regeneration of the former Orgreave mine and coking works. Working alongside public sector partners, we’ve created a thriving and sustainable employment community at the Advanced Manufacturing Park and the adjacent Waverley community.

"We are pleased to welcome the Northern Powerhouse Partnership’s Board here today to highlight the role that long-term regeneration and private investment can play in driving regional growth. Our expertise as a master developer and flexible approach to funding has supported skills, jobs and opportunities for local businesses, global occupiers and higher-level academia. We look forward to continuing to collaborate with the public sector and business to accelerate delivery of jobs and growth across the UK, supporting both productivity and the country’s industrial strategy.”

Northern Powerhouse Partnership website
Harworth website

Images: JPG Group

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Monday, September 9, 2019

News: Rotherham Council sets out stance for HS2 review

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With the aim of casting further doubt over the future of the project, the leader of Rotherham Council has met with the man leading the review looking at whether and how HS2 should proceed.

Rothbiz reported last month that an independently-led government review will use all existing evidence on the project to consider its benefits and impacts, affordability and efficiency, deliverability and scope, its phasing, including its relationship with Northern Powerhouse Rail.

There is opposition to the HS2 scheme from within Rotherham since a 2b route realignment was recommended in 2016. The local authority set out that it doesn't want to see the project reach Yorkshire when it passed a motion at the end of last year to call on the Government to abandon the Leeds leg of the project.

Rotherham Council's previous stance was a preference for the South Yorkshire HS2 station to be at Meadowhall on a through route to Leeds. The new route is seen as having negative impacts, such as adverse environmental impacts and the impact during construction, outweighing the perceived benefits of the scheme.

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Cllr. Chris Read, leader of Rotherham Council gave an update on HS2 at a meeting of the full council last week. He said: "Many of you will know, at great frustration to all of us, that we haven't be able to get consensus across the Sheffield city region amongst the councils about the best route. Rotherham and Doncaster together have taken a particularly strong line about the M18 and saying that is not the right route. Sheffield has a different view and Barnsley have a different view again."

Having approached Dan Javis, Sheffield city region's mayor, the councils are meeting separately with Doug Oakervee, who is chairing the Government's review.

Read added: "Last night, alongside Mayor Ros Jones in Doncaster, I met with Doug Oakervee, set out the Council's concerns, set out that the route to Meadowhall would have had advantages to us, this doesn't have any advantages to us. And it comes at great cost and impact on our communities.

"We were also able to talk to him through where we think High Speed Two's cost savings is wrong and it was very interesting so we will follow that up in writing.

"Now it is a very short review but I think it is important that we take as many opportunities as we can to cast as much doubt as we can in the Government's mind about their plan and that's what we've started to do."

Last week, it was revealed that the cost of HS2 Phase 2b is likely to rise from £28.6bn to a range of £32bn to £36bn with target delivery moving from 2033 to between 2035 and 2040. This came from the newly appointed Chairman of HS2 Ltd, Allan Cook.

HS2 website

Images: HS2 Ltd

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Tuesday, September 3, 2019

News: Magna steels itself for Conference of the North

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The Convention of the North and NP11, in partnership with Government, has announced broadcaster Steph McGovern and the full programme for the one-day Northern event at Magna Science Adventure Centre in Rotherham on Friday September 13.

At this major event the North's political, business, community and academic leaders along with young people's groups, together will make a powerful, unified case to the new Prime Minister and Government for tangible investment in the Northern Powerhouse.

Broadcaster Steph McGovern has been confirmed as the host of the event. Northern leaders speaking at the event will include Mayor Dan Jarvis; Chair of the NP11 and of the Leeds City Region Enterprise Partnership Roger Marsh; Chair of the Convention Cllr Nick Forbes; and Northern Powerhouse Minister, Jake Berry MP.

More speakers will be announced over the coming days.

This nationally significant event will be a working convention to debate policy across a number of key themes: skills and education, housing, transport, innovation, trade and investment, and clean growth.

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The event will also bring together influential bodies such as the N8 research partnership, the People's Powerhouse, Northern Power Women, and leading think-tanks such as IPPR North and the Northern Powerhouse Partnership, and young people from across the North will set out their vision for the North’s future, and how current leaders need to work together to achieve it.

Steph McGovern (pictured), said: "As a proud northerner I'm looking forward to hosting this event and hearing the proposals our northern leaders and the Government will bring to the table to ensure the North can stand on its own two feet and continue to prosper after Brexit.

"With thousands of fantastic businesses based here, the North is hugely important to the UK’s economy. This event is an important chance to attract much needed investment."

Dan Jarvis, added: "I'm delighted that the Sheffield city region is hosting this significant event, and I look forward to welcoming delegates to South Yorkshire on 13 September.

"Our country stands at a time of great change, which presents both challenges and opportunities. By working together across the North, maximising collaboration between the public and private sectors and bridging the political divide, we can make the North's case on a national and international level, power our economy and narrow the inequality gap that persists within the UK."

Convention of the North website

Images: Magna / BBC

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Tuesday, August 27, 2019

News: HS2 review to look at links to Northern Powerhouse Rail

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A potential pan-Northern rail system that would certainly provide more benefits to Rotherham could be prioritised ahead of the North-South HS2 project depending on the results of a recently announced Government review.

Last week, transport secretary Grant Shapps announced an independently-led government review that will look at whether and how HS2 should proceed, using all existing evidence on the project to consider its benefits and impacts, affordability and efficiency, deliverability and scope, its phasing, including its relationship with Northern Powerhouse Rail.

Rothbiz has previously reported on potential new stations in Rotherham and in the Dearne Valley on a proposed Northern Powerhouse Rail (NPR) line - a rapid, reliable and resilient rail network between the North's six biggest cities and other economic centres. The stations would also boost the economic benefits for the Sheffield city region (SCR) from HS2.

There is opposition to the HS2 scheme from within Rotherham since a 2b route realignment was recommended in 2016.

Terms of reference for the new review include analysis of cost reductions such as building only Phase 1, combining Phases 1 and 2a and different choices or phasing of Phase 2b, taking account of the interfaces with NPR.

The review is also expected to rigorously examine and state its view on "whether and how the project could be reprioritised; in particular, whether and, if so how, Northern Powerhouse Rail (NPR) (including the common sections with HS2 Phase 2b) could be prioritised over delivering the southern sections of HS2."

It will also look at "whether any improvements would benefit the integration of HS2, NPR and other rail projects in the north of England or Midlands."

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A number of proposals for improving rail services in Rotherham feature in a new strategic plan launched by the Sheffield city region (SCR), including a long-discussed new mainline station.

Transport secretary Grant Shapps said: "The Prime Minister has been clear that transport infrastructure has the potential to drive economic growth, redistribute opportunity and support towns and cities across the UK, but that investments must be subject to continuous assessment of their costs and benefits.

"That's why we are undertaking this independent and rigorous review of HS2."

Cllr. Chris Read, leader of Rotherham Council, said: "I welcome the Government's announcement of their review to examine the costs and benefits of HS2. If ministers would like to speak to residents in Bramley, Aston, Wales or beyond they will hear loud and clear that the M18 route would only bring years of inconvenience, no local benefits, and at a huge cost. People are quite rightly angry and upset.

"We already know that the government has downgraded the proposal through South Yorkshire, thinking they can make savings by giving us a second class service.

"Now they have the opportunity to reconsider; either join us up to the network properly by moving the proposal back to Meadowhall, or save us all the trouble and the huge bill by cancelling the phase 2b leg altogether."

HS2 website

Images: HS2

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Thursday, March 7, 2019

News: Rotherham-based firms are export champions

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Exporters from Rotherham are sharing their success stories having been invited to join the Northern Powerhouse Export Champions 2019 initiative, recently launched by the Department for International Trade (DIT).

Part of a wider national Export Champions programme, the chosen businesses will help promote the importance of exporting to their industry and get other UK businesses thinking globally. This network of UK companies will act as ambassadors for exporting, sharing success stories, offering practical advice and leading by example.

Pricecheck Toiletries and Performance Engineered Solutions Ltd, (PES Performance) are two such champions.

Based at the Advanced Manufacturing Park (AMP) in Rotherham, PES Performance is a high-performance engineering design business, delivering technologically advanced design solutions to clients both in the UK and internationally.

Mike Maddock, managing director of PES Performance (pictured top, centre), said: "Given the nature of our business, some people may be surprised that we are involved in exporting. Although we do not manufacture conventional products, we export examples of our expertise, often in the form of design and engineering solutions, and research & development partnerships, which is then used by our clients overseas to produce their final product.

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"We have been exporting since the business began in 2011, and currently around 50% of the company's turnover is from international clients. Our main export markets are in the US, Canada and Europe, and our aim going forward is to further strengthen our presence with clients in North America & Europe, whilst exploring further global export markets.

"In the current business climate, I feel it is crucial that UK companies look to promote their offer, product and services outside of the UK and identify new markets to drive market diversity, reducing exposure to any one market. Working with new global clients can open other opportunities for collaboration and developing new business together.

"At PES Performance, we don't look at ourselves as exporters, but a team and business open to doing business globally. Working with new international clients can open other opportunities for collaboration and developing new business together."

Rothbiz has chartered the overseas success of Pricecheck in recent years. The international distributor of fast-moving consumer goods, is trusted by the world's biggest brands, offering more than 4,500 branded products to customers in the UK and worldwide.

In just six years, exports have increased from £8.8m in 2012 to £32.3m in 2018. Export now accounts for almost half of total turnover.

Debbie Harrison, joint managing director, at Pricecheck (pictured above, right), said: "Our exporting success is down to the hard work of the team. Exporting is more challenging than trading domestically but for the extra effort, businesses focused on export can reap significant rewards.

"Our sales team attend international trade shows and engage in overseas visits to build relationships with our customers, offering an excellent bespoke customer service along with competitive pricing.

"Exports now account for more than 45% of total turnover which is in excess of £80m, so we're thrilled to have received this accolade and look forward to sharing our knowledge."

PES Performance website
Pricecheck website
Northern Powerhouse website

Images: PES / DIT

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Tuesday, December 11, 2018

News: Metalysis a prime example of the strength and economic potential of the North

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Innovative Rotherham firm, Metalysis recently hosted a delegation led by MP Richard Harrington – Business and Industry Minister – as it celebrated becoming a Northern Powerhouse Partner.

The Manvers company holds the worldwide exploitation rights to the FCC Cambridge process which sees specialist powder metals created in a simple, cost effective process with significant environmental benefits. With a Materials Discovery Centre on the Advanced Manufacturing Park (AMP), also in Rotherham, the firm raised a further £12m earlier this year ahead of the start of commercial production.

The Northern Powerhouse Partners Programme is a network of leading companies who all believe strongly in the economic potential of the North, and support the need for a combined effort by government and business to realise that potential.

Commercial production in September marked the technology's ascension from a Cambridge University breakthrough, through more than a decade of development, to offering industrial scale production of demand driven, high value powder alloys for international aerospace, automotive, additive and advanced manufacturing applications.

More broadly, the Partners Programme's ethos encapsulates Metalysis' clear and continued commitment to growing the business in the North of the UK, and using its technology to provide a nationally significant capability for global metal powder supply chain activity.

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Dr Dion Vaughan, CEO at Metalysis (pictured, far right), said: "Metalysis is proud to mark our commitment to the region by joining the Northern Powerhouse Partners Programme.

"During our time with MP Richard Harrington and his colleagues, we have enjoyed discussing Company ambitions for our technology as part of the national agenda set forth in the Industrial Strategy.

"We look forward to working with the Northern Powerhouse, its networks and BEIS to strengthen international interest and investment in the overwhelming potential of the Northern economy."

Jake Berry, Northern Powerhouse Minister, added: "Supporting research and innovation is at the heart of our modern Industrial Strategy so I’m pleased to welcome Metalysis as our latest Northern Powerhouse partner.

"As an ambitious Yorkshire-based company with a commitment to boosting skills, technological development and growing production, they share our vision for a strong Northern Powerhouse economy."

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MP Richard Harrington visited Metalysis at its Materials Discovery Centre on the AMP to discuss the recent developments and hear about its ambitions for future expansion.

Work is already underway on "Generation 5" - manufacturing options for thousands of tonnes per annum of these high value metal alloy powders. It is designed to retrofit into an existing industrial site.

Richard Harrington, Business and Industry Minister (pictured, second right), said: "From a Cambridge University breakthrough to a growing commercial operation that is supporting production on an international scale, Metalysis is a prime example of the strength and economic potential of the north.

"Through our modern Industrial Strategy, we are harnessing our research, innovation and manufacturing strengths to help even more businesses realise their economic potential and apply them on an industrial scale – solidifying our position as a world-leader in advanced manufacturing."

Metalysis website

Images: Metalysis

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Tuesday, October 16, 2018

News: Profound transformation of Orgreave site

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There are now more people currently working at the Advanced Manufacturing Park (AMP) in Rotherham than at the height of employment when the site was home to the Orgreave colliery and coking plant.

Northern Powerhouse Minister Jake Berry MP was at the AMRC's Factory 2050, over the border on Sheffield Business Park recently to officially open the University of Sheffield's three new multi-million-pound engineering research centres which aim to boost the Sheffield city region's (SCR's) reputation as a hub for advanced engineering and industrial digital technologies.

Berry told the audience gathered on the gleaming factory floor that he had looked at aerial photographs from 30 years ago which show a derelict and decaying coking plant amid a bleak wasteland. "The transformation has been profound," he said.

Recognised as the UK's premier advanced technology park, the AMP is home to the likes of Rolls-Royce and McLaren, leading names who have been attracted by the state of the art research institutions created at the site by the university.

Previously the site of the Orgreave coking works and opencast mining, the site has recently been restored and engineered by landowner and developer, Harworth Group plc. Consent has been given for 2.1m sq ft of commercial space and 1.3m sq ft has been built.

Around 1,500 jobs have been created on the Waverley site, more than the 1,000 jobs during the mining heyday.

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Professor Keith Ridgway CBE, executive dean of the University of Sheffield Advanced Manufacturing Research Centre (AMRC), joined with Rotherham-born businessman Adrian Allen OBE, commercial director at the AMRC, to launch the centre with Boeing in 2001 on derelict wasteland at Waverley in Rotherham. In 2004, the AMRC moved into a purpose-built facility as the anchor tenant for the AMP.

The AMP is key to the Advanced Manufacturing Innovation District (AMID) where the aim is to develop Europe's largest research-led advanced manufacturing cluster in the SCR. It is described as "a 2,000-acre centre of excellence for innovation-led research and industrial collaboration, it boasts exemplar models of university and industry collaboration in metals, materials, health technology and wellness."

Berry added: "This is what can be achieved by government, business, research and higher education working closely together at a local level. The former site of the battle of Orgreave in 1984, a symbol of confrontation is now being recognised as an example of collaboration."

"This site demonstrates the Northern Powerhouse in action. When I go to London I am the voice of the North and it is the AMRC I point our Business Secretary, our Chancellor and our Prime Minister to when I talk about what the North can and will achieve if the government gives us the tools to control our own future. And on this historic site, we are ushering in the brightest of futures."

The launch event was for the £47m Royce@Sheffield, Laboratory for Verification and Validation and Integrated Civil and Infrastructure Research Centre (ICAIR)

Dan Jarvis, mayor of the Barnsley, Doncaster, Rotherham and Sheffield Combined Authority told the audience that this "is a city region that is experiencing a renaissance in advanced manufacturing and engineering – for the first time in a generation we have seen a growth in high value manufacturing and engineering roles. This renaissance is evident in the performance and capabilities of businesses such as Nikken, Metalysis, PES, Magnomatics, Metlase and Iceotope, to name but a few.

"We should be confident about our future. This is a region with its best days in front of it – rather than behind.

"We're putting in place the right assets, developing the right people and growing and attracting the right businesses. And we're doing it by focusing on what we're good at – our capabilities. By doing so we'll build more resilient businesses – equipped to explore and exploit new and emerging markets – and respond to the challenges of the 21st century."

AMRC website
Harworth Group website

Images: Harworth / AMRC

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Wednesday, February 21, 2018

News: AMRC impresses Northern Powerhouse minister

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Northern Powerhouse Minister Jake Berry recently visited the The University of Sheffield Advanced Manufacturing Research Centre (AMRC) in Rotherham to witness world-leading research and the training of the manufacturing workforce of the future.

With significant state of the art facilities on the Advanced Manufacturing Park (AMP) in Rotherham, the AMRC is a partner in the HVM Catapult (the Government's strategic initiative that aims to revitalise the manufacturing industry). It carries out world-leading research into advanced machining, manufacturing and materials and has more than 100 industrial partners, ranging from global giants like Boeing, Rolls-Royce, BAE Systems and Airbus to small companies.

The AMRC works with its partners to help improve productivity, de-risk investment decisions, and accelerate the early adoption of Industry 4.0 technologies to improve performance and quality. It is a place where digital meets manufacturing, with world-class expertise in augmented and virtual reality, robotics and automation; intelligent machining; digital twins; data analytics and more.

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Mr Berry, a University of Sheffield alumnus, was taken on a tour of the AMRC's Factory of the Future, Factory 2050 and its Training Centre during his visit.

More than 1,000 young people, employed by 250 small and medium sized companies across the Sheffield City Region, have been trained at the AMRC Training Centre - a multimillion pound facility on the AMP.

Northern Powerhouse Minister, Jake Berry (pictured, top centre), said: "I was delighted to visit my alma mater, the University of Sheffield, including its state-of-the-art AMRC Training Centre which is helping to train the next generation of engineers and manufacturers in the Northern Powerhouse.

"The University of Sheffield is at the forefront of higher education in the UK and joins a number of British universities commanding high positions in global rankings – they contribute enormously to the international standing of the Northern Powerhouse and its reputation as a world-leader in research and academic excellence."

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The University of Sheffield used the visit to sign up as Northern Powerhouse partner.

Professor Keith Ridgway, executive dean of the AMRC (pictured, top right), added: "It's been a pleasure to show the Minister just how integral we are to future of the Northern Powerhouse.

"Our research and innovation assets, coupled with a strong skills and talent base, are making the Sheffield City Region the go-to place for global manufacturing companies like Rolls Royce, Boeing and McLaren. All three have chosen sites alongside the AMRC to build their own factories of the future. This is transforming the Sheffield City Region into the Advanced Manufacturing Innovation District of the North: the place in the UK where digital meets manufacturing."

Ridgway added: "The AMRC model is now being rolled out in the North West of England and in North Wales. We are opening an AMRC North West near Preston and we will be operating the £40m Advanced Manufacturing Research Institute on Deeside, supporting the "wing of tomorrow" project for Airbus. We also are helping to shape the destiny of the £60 million National Manufacturing Institute for Scotland, an industry-led international centre of manufacturing excellence near Glasgow.

"If you join the dots between these centres of excellence you have a powerful story of manufacturing renaissance in the North driven by research and innovation assets linked to universities."

AMRC website

Images: AMRC

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Wednesday, October 4, 2017

News: £400m investment fund targets growing Rotherham businesses

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A slice of the new £400m Northern Powerhouse Investment Fund (NPIF) is set to help the growth of SMEs in Rotherham and the rest of the Sheffield city region (SCR).

Based in Sheffield, the NPIF works with ten Local Enterprise Partnerships (LEPs), combined authorities and Growth Hubs, as well as local accountants, fund managers and banks, to provide a mixture of debt and equity capital to northern-based SMEs at all stages of their development. NPIF is providing funding to fund managers who will offer Microfinance, Business Loans and Equity Finance.

Acquiring Enterprise Ventures 18 months ago, Mercia Technologies PLC, has been appointed to manage more than £108m of new venture capital and loan funds through the NPIF. The recently re-branded Mercia Fund Managers is managing a £57.5m NPIF Equity fund, which will provide finance of up to £2m for businesses in Yorkshire, the Humber and Tees Valley and a £51m NPIF Debt fund, which offers loans of £100,000 to £750,000 to SMEs in Yorkshire and the Humber.

The debt finance investment in the SCR is being managed by a familiar face - Pete Sorsby, formerly of RBS, and the fund managers have a strong track record of supporting companies with high growth potential, delivering several notable successes for similar funds, including Rotherham-based Xeros plc.

Launching at the end of February 2017, following a delay due to uncertainties over Brexit, the NPIF has already supported a number of firms in the SCR. Libertine FPE Ltd is using a £500,000 investment to advance its "Linear Power Systems" technology and set up a new headquarters in the city region with product development and testing facilities. And Televideo, a Sheffield-based outside broadcasting company which is one of the UK's leading suppliers of sports programming has secured a £150,000 loan to invest in new 4K equipment.

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The Business Enterprise Fund (BEF) and Finance For Enterprise (FFE - formerly Donbac) secured the tender for providing Microfinance (£25,000 – £100,000) in Yorkshire and the Tees Valley area.

BEF and FFE provided 23 loans in three months since March 2017 using the NPIF scheme, with £1m loaned to SMEs across the region.

NPIF funding is drawn from several sources including the UK Government, the European Investment Bank, the British Business Bank and the European Regional Development Fund.

Sean Hutchinson, senior manager at British Business Bank, said: "The Yorkshire, Humber and the Tees Valley regions have been incredibly receptive to the Northern Powerhouse Investment Fund. It is very positive that Fund Managers have already seen a large number of businesses making enquiries for funding, demonstrating the strong appetite for growth."

In total, more then £10m has been invested across the Northern Powerhouse region.

Jake Berry, Northern Powerhouse Minister, said: "It's fantastic to see that so soon after we launched the Northern Powerhouse Investment Fund it's already provided £10m to support Northern businesses. The Fund is a great example of what can be achieved when the Government and businesses work together and is all part of our plan to boost the northern economy, creating more jobs and attracting investment in the region."

Keith Morgan, CEO of British Business Bank, added: "The North of England has long been a key region for innovation and economic growth in the UK. The Northern Powerhouse Investment Fund is now providing the financial backing to tap the growth potential of businesses across the North, helping both the regional and the national economy.

"Passing this £10m funding milestone in such a short space of time since launch is a fantastic achievement for the fund, our fund managers, and our partners in the 10 participating Local Enterprise Partnerships."

SCR Growth Hub website
NPIF website

Images: NPIF


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