An extra £850,000 of EU funding to help drive Wales’ engineering sector forward has been announced by Welsh Labour’s Finance Secretary Mark Drakeford.
The funding will enable Swansea University’s Materials and Manufacturing Academy to offer more qualifications, including research Masters and engineering doctorates, involving industry-led research projects, which will help to boost the engineering sector.
Almost 150 students are undertaking collaborative research projects alongside companies such as BASF, Royal Mint and Weartech International – developing cutting-edge technologies in their respective industries.
The latest funding will enable a further 16 graduates to be recruited to work on pioneering research in collaboration with companies, including TATA Steel.
It also follows the decision by the UK Government to act on the First Minister’s calls for a full, lifetime guarantee for all European structural and investment funded schemes. The UK Government will ensure funding is guarantees for all schemes approved before the UK leaves the EU.