CPI selected as part of innovation centre
WIll Barton of TSB making the TIC announcement
The Centre for Process Innovation (CPI) has been named as a key part of the Government’s first elite technology innovation centre.
Deputy Prime Minister Nick Clegg announced the formation of the centre to focus on high value manufacturing, providing businesses with access to technical expertise, infrastructure, skills and equipment that would otherwise be outside the reach of individual businesses.
A consortium made up of CPI, The Advanced Manufacturing Research Centre (AMRC), The Advanced Forming Research Centre (AFRC), The Manufacturing Technology Centre (MTC), The Nuclear AMRC, The National Composites Centre and Warwick Manufacturing Group, will receive substantial investment to support the economic growth potential of new technology.
Mr Clegg said: “This first elite technology and innovation centre in high value manufacturing will support our objective to rebalance the economy by underpinning current UK manufacturing strengths through the development and deployment of novel technologies into sectors such as aerospace, automotive and pharmaceuticals.
“It will at the same time drive the UK into leading positions in new high growth markets by creating a platform for innovative SMEs to work with larger companies in developing technologies such as plastic electronics, fibre reinforced polymer composites and biotechnology.”
Business Secretary Vince Cable said: “Each of these partners brings with it a strong network of linkages with universities specialising in developing leading edge technologies in their areas of focus, and industrial companies seeking to co-develop and then exploit these in the market place.”
The technology innovation centre model has been championed by CPI since its inception in 2004 and it is expected that it will have more than £200m to spend on supporting key technologies.
CPI beat off stiff competition to be selected after more than 140 organisations registered their interest. The reason CPI was selected was its work helping British companies to commercialise the results of worldclass research in the UK and access major new high technology markets.
CPI Chief Executive Nigel Perry said: “This is fantastic news for CPI and great recognition for the CPI team and the excellent work we have done since we began in 2004.
“We are delighted to be part of the High Value Manufacturing Technology and Innovation Centre and the Government’s initiative to grow manufacturing in the UK, and are looking forward to working with our partners in the new Centre. This announcement heralds sustained investment into manufacturing and CPI’s proven ability to help companies create their next generation of products and processes will grow as a result. This is great news for the UK, for the North-East and for the Process Industry.”