The leader of Rugby Borough Council has welcomed news of £60 million of new funding for the Manufacturing Technology Centre at Ansty Park.
The funding - for the development of high-tech aerospace technology - was announced by the Chancellor, George Osborne, during a visit to Ansty Park on Thursday.
The government has pledged to pump £30 million into the project, with a further £30 million coming from industry.
The funding also includes the creation of a national centre for ‘additive manufacturing’ - 3D printing technology - to develop new products for aero-engines and aircraft landing gears, as well as automotive and medical devices.
Ansty Park lies within Rugby Borough Council’s boundary, and the council has partnered the Homes and Communities Agency - which owns Ansty Park - in developing the site and attracting investment.
Supermarket giant Sainsbury’s recently moved its national store support centre to Ansty Park, and this week’s new funding marks another milestone for the Manufacturing Technology Centre, which has secured millions of pounds of investment since opening its doors in 2011.
Cllr Craig Humphrey, leader of Rugby Borough Council, 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.”
In a further boost to the borough’s economy, UK Mail has confirmed plans to move to new headquarters at Ryton’s Prologis Park.
The national postal firm, which has a workforce of 450, moves to Ryton next year after its Birmingham base was compulsorily bought by the company building the HS2 high-speed rail line.
Network Rail opened a distribution centre at Prologis Park last year, and building work recently started on new headquarters for event management company, Freeman.
Cllr Humphrey said: “The council’s proactive, business-friendly approach has helped attract a number of firms to the borough, and we’re in a good position to benefit from the increasing confidence in the economy.
“Prologis Park has helped regenerate the site of the former Peugeot plant, and UK Mail’s decision to relocate to Ryton once again shows the borough’s a great place to do business.”