The Department for Business, Innovation and Skills has awarded £37.1 million to the University of Sheffield’s Nuclear Advanced Manufacturing Research Centre which is working in partnership with Rolls-Royce as the lead company for the UK Nuclear supply chain.
The funding is to support a “programme of supplier development and manufacturing research and development to create value in the UK that would otherwise migrate overseas.”
The programme will focus on the civil nuclear new-build industry, but has broad applicability across the nuclear value chain and other industries in the energy sector.
Business secretary Vince Cable said: “Our energy sector is a vital part of our economy, and we are determined to maximise the opportunities for the UK from the nuclear and low carbon industries.
“This is an innovative Regional Growth Fund project, which will help our businesses win new orders, both here and abroad. Building strong supply chains, and long term partnerships between Government, industry and universities is a key part of the Government’s industrial strategy, and this is embodied in the work of the Nuclear Advanced Manufacturing Research Centre.”
“This is a vital opportunity for British manufacturing companies, and we want to support the supply chain in developing the skills to operate in this high value market, in the same way as we have so successfully worked together in relation to aerospace. It is believed that this market could be worth more than £500 billion over the next ten years,” said professor Keith Ridgway, director of the advanced manufacturing research centre.