Business Secretary announces Royce funding

Business Secretary Grant Shapps has announced a second phase of EPSRC funding for the Henry Royce Institute, the UK’s advanced materials research institute.

The £95 million announced today will help to cement the UK’s standing as a leader in advanced materials research, development and innovation.

Speaking during a visit to the institute’s hub at The University of Manchester, the Business Secretary said:

R&D investment is a critical way to turbocharge Britain’s growth.

Growing an economy fit for the future means harnessing the full potential of advanced materials, making science fiction a reality by supporting projects from regenerative medicine to recycling robots right across the country, including here in the heart of Manchester.

Today’s £95 million investment will do just that, bringing together the brightest minds across our businesses and institutions to help future-proof sectors from healthcare to nuclear energy.

The Royce was formed in 2014 with a £235 million government investment through the Engineering and Physical Sciences Research Council (EPSRC). Read more