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£1.5M Fund Launches for Nuclear Sector

posted 21 Jan 2015, 02:00 by RiDO Rotherham   [ updated 21 Jan 2015, 02:00 ]
A £1.5m fund has been launched to help English manufacturers enter or expand their presence in the nuclear sector.

Fit For Nuclear (F4N), which was developed by the Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC) and delivered in partnership with the Manufacturing Advisory Service (MAS), is offering grants of about £10,000 to companies that want to meet industry standards and compete for work in civil nuclear.

"Smaller manufacturers have a vital role to play in civil nuclear, if they can meet the standards demanded by the industry’s top tier," said Mike Tynan, chief executive of the Nuclear AMRC.

"To win work, UK companies need to make sure they have the ability to meet safety, quality and cost standards, and can demonstrate that their specialist capabilities can deliver value to clients."

Manufacturers can apply for F4N funding to support R&D projects to optimise production or develop new processes/products and can also access the Nuclear AMRC's workshop capabilities in welding, metrology and design support. All projects must be completed by 31 March 2016.

Steven Barr, head of MAS, said: "Almost 200 businesses have already embarked on Fit For Nuclear and more than 75% of these have recorded immediate tangible bottom-line benefits.

"This is just the start and the current funding call will look to accelerate the number of companies getting involved. Nuclear is seen as a difficult sector to break into. Yes requirements are different, but it's not as problematic as some people make out."

Any English manufacturer employing ten or more staff and with a turnover in excess of £1.6m can apply for funding.