4/8/10 – £130 Million Manufacturing Centre Built in Coventry
4 August 2010
The Manufacturing Technology Centre (MTC), a new hub for innovative manufacturing and technology is being built in Ansty Park, Coventry and is due to open in the summer of 2011.
The centre is to be funded by a 130 million pounds worth of private and public sector investments over the next ten years and will be staffed by 100-150 technical specialists.
Economic projections indicate that investment in the MTC will return a staggering £46 for every £1 invested and the project is expected to generate around £5.5 billion for the UK economy as well as create and safeguard 5000 jobs.
Manufacturing industries which the MTC will commence work on include the aerospace, automotive, energy and heavy-duty construction industries.
The Midlands project unites experts from both academic and manufacturing backgrounds. The Centers purpose will be to provide businesses with a suitable place to test new manufacturing techniques and methods before going on to full-scale production.
£40 million of the funding comes from the regional development agencies, Advantage West Midlands (AWM) and the East Midlands Development Agency (EDMA.) The money will be used in constructing and equipping the MTC.
Jeff Moore, Chief Executive of EDMA, said: "Manufacturing is vitally important to the economies of both the East and West Midlands. The Manufacturing Technology Centre will enable manufacturers to utilise the expertise of our leading universities, helping to transform innovative ideas into products and processes that will give them a competitive edge in the global market.”
Leading UK research organizations that are already involved in the partnership incude; the Univeristy of Birmingham, University of Nottingham, Loughborough University and TWI Limited. Founder industrial members are Rolls-Royce, Aero Engine Controls and Airbus UK.
Professor Nigel Weatherill, Pro-Vice-Chancellor and Head of the College of Engineering and Physical Sciences at the University of Birmingham, said: "Universities are at the forefront of innovation and are key partners in this important collaboration. We can utilise our research base to help provide solutions to key industrial problems. MTC will provide unique facilities needed to explore smarter processes for high value manufacturing."
Dr Hamid Mughal, Rolls-Royce Executive Vice President, Manufacturing Engineering and Technology said: "We are delighted to see progress being made on the construction of the Manufacturing Technology Centre, which joins the network of advanced manufacturing research centres we are championing.”