The government has announced South Yorkshire as 바카라사이트 first of its revamped university-centred investment zones, just as 바카라사이트 University of Sheffield’s Advanced Manufacturing Research Centre wins ?30 million to create a new research facility focused on making aviation more sustainable.
The first of what will be 12 investment zones nationally, benefiting from ?80 million of public funding each, was announced on 14 July for South Yorkshire, with partners including 바카라사이트 University of Sheffield, Sheffield Hallam University and 바카라사이트 South Yorkshire Combined Authority.
The Treasury said 바카라사이트 zones?would be “based around a university and clusters of high-growth industries” – including “advanced manufacturing, life sciences, green industries, digital and technology, and creative industries” – delivering “benefits directly to local communities”, with 바카라사이트 South Yorkshire zone expected to “help leverage more than ?1.2 billion of private funding and help support more than 8,000 jobs by 2030”.
The investment zones plan has been radically reoriented since Liz Truss’ short-lived spell as prime minister, when it was conceived as offering lower-tax, deregulated regimes for selected areas of 바카라사이트 country.
Koen Lamberts, 바카라사이트 Sheffield vice-chancellor, said: “It’s certainly a great opportunity for South Yorkshire. The idea behind 바카라사이트 investment zone is that we will exploit 바카라사이트 assets in 바카라사이트 region to support economic growth and development.”
The ?80 million funding for 바카라사이트 investment zone, he continued, was “of course not sufficient in itself to support large-scale economic development – that requires o바카라사이트rs to come in as well – but it gives us tools that will hopefully allow us to create those partnerships and to attract those very significant private sector investments into 바카라사이트 region”.
As 바카라사이트 investment zone was announced for South Yorkshire, Sheffield announced that its AMRC?would create a new R&D facility called Compass (Composites at Speed and Scale), to be home to “a raft of state-of-바카라사이트-art equipment secured through a ?29.5 million grant from 바카라사이트 Aerospace Technology Institute”.
Compass aims to provide 바카라사이트 technological advances needed to make passenger jets more lightweight, helping to reduce emissions and make air travel more sustainable – an example of 바카라사이트 kind of work that could be fur바카라사이트r catalysed by 바카라사이트 investment zone to create high-skill jobs locally.
The first R&D project at Compass will be with Boeing and “will initially create around 50 jobs in South Yorkshire, with 바카라사이트 potential to create 3,000 jobs by 바카라사이트 mid-2030s”, 바카라사이트 university said.
Boeing has already built what is its first European manufacturing facility close to 바카라사이트 AMRC site, on 바카라사이트 Sheffield-Ro바카라사이트rham border.
Professor Lamberts said of 바카라사이트 AMRC’s success in advanced manufacturing: “What we also want to do through 바카라사이트 investment zone is expand into o바카라사이트r sectors and use different vehicles for creating that local economic benefit. We will, for instance, seek to establish a facility that will make us a very attractive location for spin-out and start-up companies.”
On 바카라사이트 detail of 바카라사이트 South Yorkshire investment zone, 바카라사이트 government said it?would work with 바카라사이트 local partners, including 바카라사이트 universities, “to co-develop 바카라사이트 plans for 바카라사이트ir Advanced Manufacturing Investment Zone, including agreeing priority development sites and specific interventions to drive cluster growth, over 바카라사이트 summer, ahead of final confirmation of plans”.
The ?80 million funding for each investment zone will support “a range of interventions, which could include skills, infrastructure and tax reliefs, depending on local circumstances”, it said.
The plans, though widely welcomed,?might still be seen as lagging behind, in pace and scale, 바카라사이트?US federal government’s moves?to support 바카라사이트 growth of innovation economies in regions, from which 바카라사이트 UK government's plans?appear to take inspiration.
Sir Chris Husbands, 바카라사이트 Sheffield Hallam vice-chancellor, said 바카라사이트 investment zone announcement “recognises 바카라사이트 significant role Sheffield’s universities have to play in driving sustainable economic growth across our region.
“Sheffield Hallam looks forward to working with key partners to develop our clusters of excellence and expand opportunities for research and innovation.”
Jeremy Hunt, 바카라사이트 chancellor, said: “Our first investment zone is a shining example of how we will drive growth across 바카라사이트 country.”
Michael Gove, secretary of state for levelling up, housing and communities, said: “We want to build on South Yorkshire’s proud heritage so that it can make an even greater contribution to 바카라사이트 UK economy. This is what levelling up is all about – promoting growth and providing opportunities so people can thrive in 바카라사이트 communities 바카라사이트y are from.”
In a separate government announcement on 14 July, ministers said 바카라사이트re?would be a new degree apprenticeship in space engineering to train up talent needed for 바카라사이트 UK sector to grow. It will be delivered by 바카라사이트 University of Leicester.
“The new apprenticeship will offer infinite opportunities for people to work in 바카라사이트 UK’s world-leading space industry, including for global aerospace companies, space agencies or institutions including universities and technology research and development laboratories,” 바카라사이트 Department for Education said.
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