Member Article

3D printing projects win £14.7m Government investment

Business Secretary Vince Cable has unveiled a £14.7m cash pot for innovative 3D printing schemes.

UK firms will benefit from £8.4m provided by the Technology Strategy Board and Research Councils, who will invest in projects that hope to bring in an additional £6.3m from private investors.

The funding will support businesses in the development of new solutions for manufacturing, using 3D printing technology across industries such as healthcare and energy.

Dr Cable announced the investment during a visit to the Manufacturing Technology Centre in Coventry, one of the High Value Manufacturing Catapult centres.

He said: “Investing in tomorrow’s technology will bring jobs and economic growth throughout the UK. That’s why last month the Government announced the biggest ever investment in the work of the Technology Strategy Board.

“With £440 million of funding they will support new manufacturing techniques to maintain the UK’s position as a world leader in technology and design.

“This joint investment with the Research Councils highlights the commitment from across the sector to boost manufacturing in the UK.”

3D printing projects that receive funding will last between one and three years, as they undertake research and work on technology across a range of different areas.

Additional funds will be supplied by the Engineering and Physical Sciences Research Council, the Economic and Social Research Council and the Arts and Humanities Research Council.

This was posted in Bdaily's Members' News section by Miranda Dobson .