Over Â£73 million has been awarded from Round 2 of the Advanced Manufacturing Supply Chain Initiative (AMSCI) to 12 national supply chain projects, and a further Â£140 million will be invested by business.
Examples of winning bids include the creation of a "National Aerospace Technology Exploitation Programme" led by the aerospace growth partnership to address skills shortages and improve R&D collaboration in the aerospace sector. The Â£35 million project will create nearly 5,000 jobs in the supply chain. Another successful bid, led by David Brown Gear Systems in Huddersfield, will position the UK as a world leader in the creation of large gearboxes, for the next generation of offshore wind turbines.
"Boosting jobs and growth is my number one priority to build a stronger economy. This investment will secure Britain's future as a world leader in industries like cars, where we have traditionally taken the lead, and new technologies such as wind turbine gears and semiconductor chips," said Deputy Prime Minister Nick Clegg.
"Investing in the iconic Aston Martin means that our home grown expert engineers will make the Rapide S here, which is excellent news. The Regional Growth Fund is all about giving power to businesses and investing in projects that will have a long-term impact on local areas."
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