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Jobs boost for Rugby borough as chancellor George Osborne announces £80m funding

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Chancellor George Osborne announced £60 million of new funding for the Manufacturing Technology Centre at Ansty Park during a visit to the Rugby borough.

The funding - for the development of high-tech aerospace technology - was announced by Mr Osborne during the visit on Thursday last week.

The government will provide £30 million in funding, which will be matched by industry, creating jobs in the area.

Mr Osborne said: “Our long term economic plan is working and the economy is growing. But there is still work to do which is why we are working with industry to drive innovation and lead the global race in technology, engineering and manufacturing.

“We are already the best in Europe for aerospace and I want to do even better.

“Up to 27,000 new planes are needed between now and 2030, worth billions of pounds to the UK economy in contracts. That is why I am announcing today that, together with industry, we will invest around £60 million in a dedicated facility for aerospace manufacturing as part of £2 billion of support for this growing sector.”

Ansty Park lies within Rugby Borough Council’s (RBC) boundary. The council has partnered the Homes and Communities Agency - which owns Ansty Park - in developing the site and attracting investment.

Cllr Craig Humphrey, leader of RBC, said: “The council is rightly proud of the role it has played in Ansty Park’s success, and this new funding is further good news for both Ansty Park and the borough.

“The funding reflects the government’s commitment to investing in high-skilled, long-term jobs, and cements the Manufacturing Technology Centre’s position at the forefront of innovation in manufacturing industry.”

UK Mail has also confirmed plans to move its headquarters to Ryton’s Prologis Park.

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MP: “Great heritage in manufacturing”

Mark Pawsey, MP for Rugby, said: “It was a great pleasure to welcome Chancellor George Osborne to Rugby. As a strong supporter of manufacturing, I was delighted with his announcement of a further £60 million investment in high-tech aerospace technology at the centre. In Rugby and the Midlands more generally, we have a great heritage in manufacturing and I was keen for the Chancellor to see the great work that is being done at the MTC to reinvigorate the sector, which halved in size under the last Government.”

 

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