The money is going to help create a hub in the Manufacturing Technology Centre (MTC) in Ansty Business Park for 3D Printing. There are already Print shops in Coventry offering various services, but 3D printing is a specialist area and is different from the production of Posters, Business Cards, and Banners.
The industry already has funding, and the latest investment will boost it to a total of around $60 million.
Some of the money is going to be used for approximately 1,000 engineering apprenticeships.
The Chancellor said that this funding was just one part of the £2 billion aerospace strategy by the Government. He went on to say:
"Coventry is at the centre of the British manufacturing industry and I want to make sure it is at the centre of British technology.
"This investment will mean some of the world's most advanced manufacturing is happening right here."
A new aerospace technology centre at the MTC is going to use around £15 million of taxpayers’ money, while £15.3 million of it is going to be used on the 3D printing facility.
Clive Hickman, who is the centre’s chief executive, has said that:
"[…] it's been bubbling for the last five or so years. Now it's become important for the industry and for the future.”
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