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 yesterday (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.