A new University of Sheffield facility has been granted £4m worth of European Regional Development Funding, despite the vote to leave the EU.
The new Royce Translational Centre to be built next to the University’s Advanced Manufacturing Research Centre’s (AMRC) Factory 2050.
Part of the £235m Sir Henry Royce Institute for Advanced Materials, the centre will offer manufacturing companies the opportunity to adopt next generation technology to produce and process metal powders.
The centre will support growth and innovation in companies which currently employ a total of over 13,800 people, and it is hoped it will generate almost £700m in the Sheffield City Region.
Vice-Chancellor of the University, Sir Keith Burnett, said: “This is a significant milestone in the UK’s growing reputation for advanced manufacturing research which is being rapidly translated into industrial advantage, global orders and jobs.
“The new Royce Translational Centre will provide businesses with access to the most prestigious and advanced research, innovation and equipment.
‘As Chair of the Sheffield City Region Science and Innovation Board, I am delighted about what this will mean for our region. This kind of initiative is key to building on our existing expertise, increase sales and jobs for businesses and drive inward investment to the North.”