Businesses in the UK that plan to use 3D printing to develop new products within the energy and healthcare industries will receive a funding of £8.4m. This money will be shared between eighteen collaborative research and development projects and is provided by the Technology Strategy Board and Research Councils. This money will be supplemented by £6.3m of leveraged private investment and lasting between one and three years. This funding will give an enormous boost to the overall adaptation of 3D printers in both industries.
Politician Vince Cable said that these investments will add up to the £440m of funding the government pledged last month to help the Technology Strategy Board support new manufacturing techniques.
“Investing in tomorrow’s technology will bring jobs and economic growth throughout the UK.
“That’s why last month the Government announced the biggest ever investment in the work of the Technology Strategy Board. With £440 million of funding they will support new manufacturing techniques to maintain the UK’s position as a world leader in technology and design.
“This joint investment with the Research Councils highlights the commitment from across the sector to boost manufacturing in the UK.” said Vince Cable.