The UK government has bet big on the idea that 3D printing can revolutionize U.K. aerospace and automotive industry. More than £15 million of public money will be used to set up a national centre for 3D printing technology to put Britain at the forefront of the developing industry, British Finance Minister George Osborne will announce today.
George Osborne will outline plans for a 3D printing centre which is due to open in 2015. The cash announced today will match the Whitehall funding - that means the industry will take totally £60 million to help drive innovation and bolster Britain's position as an aerospace leader.
During a visit to the MTC, which will develop new materials for use in planes, jet engines and civil helicopters, Mr Osborne will say: "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."
The new national centre for 3D printing will be in Coventry next to the Manufacturing Technology Centre, an open access organisation funded by large public sector investments for the development of cutting edge technologies into manufacturing processes with the aim of delivering innovative solutions to UK industry. The new centre will develop new products for aero-engines and aircraft landing gears, as well as automotive and medical devices.
Britain has the biggest aerospace industry in Europe, and is second only to the US worldwide. The aerospace industry contributes billions of pounds to the UK economy every year. (See the image below). In the face of increasing global competition, the government and industry for aerospace research and development has invested £2 billion in March 2013 to exploit rapid changes in technology and to maintain UK's competitive edge in the sector.
Posted in 3D Printing Company
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