A technology centre has secured a wedge of government funding that will help to create a centre of excellence for innovative automotive research, development and small scale production.
Millbrook Technology Park has been promised the cash under the South East Midlands Local Enterprise Partnership (SEMLEP) through the Local Growth Deal.
The funding, which will support the infrastructure of the park, will enable more companies to be based there and create jobs within the automotive engineering and technology sector.
Chief executive Alex Burns said: “I am delighted that we have received investment from SEMLEP. Millbrook is leading the way in automotive innovation and this additional funding will form part of our ongoing strategy to expand our facilities for research and development, enabling us to further support our customers in the design, test and engineering of the most advanced vehicles of the future.”
The technology park will build upon existing expertise in automotive test and development and encourage increased partnership opportunities with world class engineering, research and development companies who will be located on site.
Chairman of SEMLEP Dr Ann Limb said: “The projects supported by this funding build on the strengths of our area as identified in our strategic economic plan; investing in key assets, such as Millbrook and our key sectors, including advanced engineering to deliver highly skilled jobs.”
As part of its initial activity into the launch of the Technology Park, Millbrook is holding a stakeholder event on Friday (Feburary 6), where key partners will have the unique opportunity to see inside Millbrook and find out more about its plans for the future.