THE North East has won a slice of £125m Government funding to increase its competitiveness in the UK supply chain.
The Centre for Process Innovation (CPI), based at Wilton, Teesside, has secured an undisclosed amount from the state-led Advanced Manufacturing Supply Chain Initiative (AMSCI) to roll out its latest biotechnology project.
One of 11 winning projects nationwide, BioMOD will establish a next-generation bio-process for the UK’s industrial biotechnology sector.
Dr Chris Dowle, director of sustainable processing at CPI, said: “The BioMOD project will facilitate lower-cost, high-quality, flexible production for continuous fermentation processes.
“The platform will offer affordable infrastructure for sustainable manufacturing which addresses challenges for key sectors delivering lower capital costs, scalability issues, and lack of manufacturing capacity.
“The BioMOD project engages the established manufacturing supply chain within the process sector enabling the industry to innovate and stay competitive in this high-growth global market.”
Of the £80m committed to projects in Round 1, around £30m has been awarded from the initiative subject to due diligence with a further £50m being leveraged from private sector partners.
Successful bids from this round are projected to create or safeguard more than 2,160 jobs.
The investments will finance and strengthen manufacturing supply chain projects across the automotive, aerospace and chemical sectors; all key areas of the Government’s Industrial Strategy.
Business Secretary Vince Cable said: “Over half the UK’s exports and almost three-quarters of our business research and development activity is in manufacturing, so it’s vital that we create the right conditions to encourage growth in the industry.
“The successful applications in AMSCI Round 1 represent a high quality of projects that bring together businesses and forge new partnerships across various supply chains that will strengthen our presence in Europe and the world.
“The North East is helping to lead the way in biotechnologies, so I welcome the success of the BioMOD project to further strengthen the UK’s capability in this field.”
AMSCI is part funded by the Government’s Regional Growth Fund and is delivered in partnership with the Technology Strategy Board – the UK’s innovation agency – and Birmingham City Council as the accountable authority, on behalf of the Department for Business, Innovation and Skills.
Cable announced the creation of AMSCI in December last year. Companies were invited to express interest in applying and the competitions opened for applications in March this year.