Thursday, 28 February 2013

Cambridge MP Huppert Welcomes Investment In City Manufacturing Partnerships

MP Julian Huppert has welcomed an investment of more than £500,000 in manufacturing for projects partnered by Cambridge University and a city-based business.

The money was announced today (Thursday, February 28) by Liberal Democrat Business Secretary, Vince Cable and supports more than 4,000 jobs.

Cambridge-based Granta Design is partnering a project involving an innovation cluster group led by a Derby-based company to enable the design of a light weight vehicles and other devices which would otherwise take place abroad. The project receives a grant of 212,500 and supports 1,396 jobs.

Cambridge University is working with an aerospace supply chain led by a Stockbridge company to develop high temperature resistant bearing steel for use in the aerospace industry. This project receives a £293,000 grant and supports 2,352 jobs.

Julian said: “These grants are helping organisations in Cambridge work with others across the country to safeguard and grow jobs. This is an excellent initiative which draws on the expertise we have in our city to support our manufacturing industries which are so vital if we are to rebuild our economy.”

The grants are part of the £78 million second round of the Advanced Manufacturing Supply Chain Initiative set up to make sure British manufacturing remains globally competitive.

Full details of both projects are:
Project Title: The Composites Innovation Cluster (CiC) Lead Organisation: Umeco Structural Materials (Derby) Limited

Cambridge partner: Granta Design Limited - Cambridge CB1 7EG (AMSCI grant £212.5K)Number of jobs: 1396 jobs

Detail: It will address market failures in the materials and innovation sector - enabling the design and manufacture of lightweight vehicles, structures and devices that would otherwise take place abroad.

Cambridge Project Title: Development of an Advanced High Temperature Bearing Steel Through the Aerospace Supply Chain Lead Organisation: Tata Steel UK Limited (Speciality & Bar)Location: Stocksbridge Works, Stocksbridge S36 2JA

Cambridge partner: Cambridge University (AMSCI grant £293K)Number of jobs: 2352 jobs

Details: The project will develop high temperature resistant bearing steel for use in the aerospace industry. At present, steel is a limiting factor, placing restrictions on load capability and fuel efficiency.