Work starts on biotechnology facility
Business Minister Ian Lucas today donned his hard hat as he led the ceremony for the expansion of the Industrial Biotechnology demonstrator facilities in Wilton, Teesside.
The Government has invested £12m in the facility, which will play a key role in developing novel and more sustainable advanced manufacturing and process technologies at the chemicals complex. This is a growth sector, and it is estimated that the market potential for chemicals made by industrial biotechnology will rise to £12bn in the UK alone by 2025.
Ian Lucas also announced 19 winning projects of a £2.5m competition that will use the demonstrator facility to stimulate the development of new product processes and technologies. These company-led feasibility studies will involve businesses, universities and research organisations.
The facility will be fully operational by the end of 2010, giving companies improved access to the expertise and equipment needed to take advantage of the market opportunities.
Ian Lucas also toured the Printable Electronics Technology Centre (PETEC) facilities at Wilton and was given an update on plans for its expansion at Sedgefield. It has been supported by Government investment of £12m.
Business Minister Ian Lucas said:
“The Government fully recognises the crucial role that the UK’s manufacturing base will play in growing our economy. Here in the North East the regional strengths in industrial biotechnology, plastic electronics and advanced manufacturing will help the UK achieve its goal of economic growth and a low carbon economy.
“The Government and One North East have committed £60m for the Tees Valley to support future opportunities, growth and jobs. The Wilton chemicals complex is one of the biggest employers in the region, and I’m delighted to be here today to see the latest developments which will give a real boost to green jobs in the North East and to the chemicals industry in the UK.”
Regional development agency, One North East, has also earmarked £1.5m to help strategic partners in the region to access the facilities at Wilton.
