Sheffield electric motor firm to create 230 jobs with £6m funding
A consortium led by a Sheffield-based electric motor specialist has secured a multi-million pound grant to scale up production.
Magtec has led the consortium in securing £6m the latest round of funding from Advanced Propulsion Centre (APC) aimed at developing low-carbon technology.
As part of the project, the firm will collaborate with transport sector firms Paneltex, Volta Trucks and Dennis Eagle, strategic partner Angel Trains and research partners the Manufacturing Technology Centre (MTC) and the University of Sheffield Advanced Manufacturing Research Centre (AMRC).
The initiative is expected to create 65 jobs at Magtec, as well as a further 165 across South Yorkshire and the wider region.
Andrew Gilligan, Magtec managing director, commented: “Fears over a climate emergency are driving change across the global transport industry and Magtec is at the forefront of the technology needed to make it happen.
“We are delighted to be working with our OEM, strategic and research partners to industrialise our manufacturing operations and satisfy demand for our class-leading electric vehicle drive systems.
“We are creating high-quality engineering jobs across our company and regional supply chain and strengthening the UK’s standing in this emerging global sector.”
Jon Beasley, director of technology and projects at the Advanced Propulsion Centre, added: ’‘It’s an exciting time for the UK automotive industry - we are on the precipice of an innovation landslide.
“The technology we invest in now is set to make an impact on the next generation of vehicles.”
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