£100 million Nottingham Investment Could Revive Merry Manufacturing Times
29th January 2015
A £100 million advanced engineering centre in Nottingham could help drive the "renaissance" of manufacturing in the city.
The University of Nottingham is to develop the new centre in the hope of training a new generation of engineers and encouraging the growth of manufacturing businesses.
The project was revealed today in an announcement about a Government funding package which will also put money into opening up a series of development sites at Newton, Cotgrave and Bingham.
The Government says investment in infrastructure along the A46 corridor would potentially create up to 2,700 jobs and enable the building of 1,600 homes.
It is putting just over £22 million into new projects in Nottinghamshire, with £5 million going towards the building of an 86,000 sq ft Institute for Advanced Manufacturing at the university's Jubilee Campus, in Lenton.
A further £95 million for the project is coming from other sources, including the university, the European Union, research organisations and business partners. The new institute will lead directly to the creation of 60 new jobs, while the work it will do with local businesses is forecast to lead to 200 more jobs.
Professor Andy Long, executive dean at the university's faculty of engineering, says the new development will double the number of engineering graduates at the university, meaning more highly-skilled people will be available to help local manufacturing firms grow.
"Manufacturing is essential to our economic growth and the way to grow the sector is by having more highly-skilled, higher-level jobs," he said.
"This will create thousands of new graduates, more of whom, will stay and work with local firms."
The money has been secured by D2N2, the local enterprise partnership for Derbyshire and Nottinghamshire.
Its chief executive, David Ralph, said: "This is part of the renaissance of manufacturing that we are trying to achieve in Nottingham. It is about creating new, highly-skilled jobs and helping businesses develop new technologies."
Read more: http://www.nottinghampost.com/100m-University-Nottingham-engineering-centre/story-25940267-detail/story.html#ixzz3QCbYk6Qt
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