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