BOSSES at Sheffield’s Advanced Manufacturing Research Centre have revealed details of how they plan to spend their latest £37.1 million Government grant.
The funding was among grants awarded to South Yorkshire applicants last week in the latest round from the Regional Growth Fund.
The centre, run by Sheffield University and Rolls-Royce, is working on research and development for the civil nuclear industry.
Funding will support ‘supplier development and manufacturing research’ for developing products for the next generation of nuclear power stations.
Professor Keith Ridgway, director of the AMRC, near Catcliffe, said: “We are delighted with the announcement of this very important support.
“The programme we are operating at the Nuclear AMRC is ambitious and high-impact, providing strong support for UK suppliers with aspirations to address the global Civil Nuclear new-build opportunity.
“It is believed this market could be worth more than £500 billion over the next 10 years.”
Professor Stephen Court, operations director at the Nuclear AMRC, said: “The Nuclear AMRC is a prime example of the kind of approach which is so important to our future as world-leading manufacturers. Combining industry expertise and university innovation, we work with companies to improve performance along the nuclear supply chain.”
The support for the AMRC comes as Britain’s nuclear expansion plans were boosted after Japan’s Hitachi signed a £700 million deal which will enable it to start building the next generation of power plants.
The power stations, which could be feeding electricity into the national grid in the first half of the 2020s, are expected to generate power equivalent to up to 14 million homes over 60 years.