The Midlander 14 - May 2018

The newsletter of the Midlands Engine

Image Courtesy of Jaguar Land Rover

70 years of Land Rover

Land Rover marked its 70 anniversary with a global broadcast celebrating the world's favourite 4x4s and the people who love them.

The brand is knitted firmly into the fabric of Britain and many more nations across the globe. As at ease on the streets of Mayfair or Paris as partnering with the British Red Cross to deliver aid in areas deemed inaccessible. Land Rover has transcended its original remit, being the agricultural workhorse, to be seen as the world's favourite 4x4, with more than seven million sold. Find out more

Image Courtesy of Network Rail

300 Barclays staff move to Midlands headquarters

Barclays Bank has moved more than 300 extra staff to its Midlands corporate banking headquarters in Birmingham.

The new staff include a range of specialist legal roles, support managers advising companies on issues such as cyber security, and a dedicated Trade Direct team of bankers.

The influx from across the UK has taken the total number of Barclays’ staff at the landmark Snow Hill offices from just shy of 1,000 to around 1,300, making it the bank’s largest centre outside of London. Find out more

Nottingham based Locate Therapeutics (l to r): Ian Wilding, Ash Patel, Kevin Shakesheff, Grant Peggie and Robin Quirk

First Midlands company to benefit from MEIF equity investment

Nottingham-based Locate Therapeutics Ltd is the first firm to receive equity finance from the Midlands Engine Investment Fund (MEIF).

Pioneering specialist in regenerative medicine, Locate Therapeutics, has received the first equity investment from the MEIF Proof of Concept and Early Stage Fund.

Part of a £2million finance package, underwritten by Mercia Fund Managers, including MEIF POC and Mercia EIS funds, this cash injection will help the firm fast-track its medical inventions to market, as well as make six more expert hires. Find out more

Image Courtesy of HORIBA MIRA

HORIBA MIRA launches £2 million battery development facility

HORIBA MIRA, a global provider of engineering, research and test services to the automotive, defence, aerospace and rail sectors, has opened a £2m facility which will provide test and development services for battery packs and other components for hybrid and electric vehicles.

Nuneaton-based HORIBA MIRA will now be the first business in the UK able to provide vehicle manufacturers with a full suite of testing from battery components from the 1,875 sq ft site. Find out more

Image Courtesy of Birmingham Airport

Air India to increase frequency of flights to Amritsar from Birmingham Airport

Air India is increasing the frequency of its non-stop service to Amritsar from twice weekly to three times a week from 5 May 2018, just a few months after starting the route.

The additional service is scheduled for Saturday evenings, arriving into Birmingham at 6.15pm and departing for Amritsar at 7.45pm. This means the service now operates every Tuesday, Thursday and Saturday.

Amritsar allows direct access to the major commercial and cultural centre in the heart of the Punjab. Find out more

Image Courtesy of The Manufacturing Technology Centre

EPSRC announce £20 million investment in Nuclear Magnetic Resonance equipment

UK researchers investigating materials and molecular structures will be able to take advantage of new and highly precise scientific instrumentation that will be operating in eight UK universities thanks to a major £20 million investment in research infrastructure.

The investment in very high and ultra-high field Nuclear Magnetic Resonance (NMR) spectroscopy was announced today by the Engineering and Physical Sciences Research Council (EPSRC) on behalf of three other research councils, the Biotechnology and Biosciences Research Council (BBSRC), Medical Research Council (MRC) and Natural Environment Research Council (NERC), who have supported the funding. They also form part of UK Research and Innovation (UKRI), a non-departmental public body funded by a grant-in-aid from the UK government. Find out more

Image Courtesy of Rolls Royce

Aerospace Minister Richard Harrington confirms £10m investment on his visit to Rolls Royce

Aerospace Minister Richard Harrington was at Rolls Royce in Derby confirming a £10m investment in projects aimed to maximise engine performance and efficiency, jointly funded by Rolls-Royce and the Aerospace Technology Institute (ATI). More

Rolls Royce were also in the news when Defence Minister Guto Bebb visited Derby. The Ministry of Defence announced a £2.5bn investment in UK nuclear submarines. This includes a £60m contract for Rolls-Royce, supporting over 700 jobs in Derby as the factory continues to make the reactors that will power Dreadnought submarines into the 2060s. More

Rolls-Royce has also announced the launch of a new range of engines that will be manufactured exclusively for Bombardier's latest business jets. The company has unveiled its Pearl series to be used for the Global 5500 and the Global 6500 aircraft. More

Image Courtesy of Loughborough College

Midlands Engine delegation to Silk Road International Expo in China

Midlands Engine was part of the UK delegation to the Silk Road International Expo (SRIE) in Xi’an, China, led by UK’s Minister for Trade and Export Promotion, Baroness Rona Fairhead CBE and Midlands Engine representative Ian Curryer, Chief Executive of Nottingham City Council. Find out more

Baroness Fairhead and Ambassador Woodward joined Loughborough College for a ceremony formalising an agreement worth more than £1 million to support apprenticeship delivery and enhance vocational education in China. Find out more

Why China's Belt and Road offers the UK huge opportunities - opinion editorial by Baroness Fairhead CBE, published in CAPX 10 May 2018. Here

Image Courtesy of DIT

Trade Secretary announces more than £30 billion of investment

International Trade Secretary Dr Liam Fox announced a new drive to attract more than £30 billion of investment to 68 projects across the UK with the launch of an online one stop shop to help global investors find UK projects.  This features the Midlands Engine Investment Portfolio.  The announcement also includes extension of the High Potential Opportunities Scheme piloted in Telford. Find out more

More regional highlights

  • Avant Homes targeting £1bn turnover and 600 extra staff. Read more 
  • New Aston Martin Vantage begins production. Read more 
  • IDOM included in NCE 100 Companies. Read more 
  • Turnover smashes £100m barrier at Dudley engineering giant. Read more 
  • Winners crowned at Midlands Awards. Read more 
  • Busy Bees adds almost 80m in turnover. Read more 
  • £75k British Steel Support fund helps Lincolnshire business. Read more 
  • Award winning manufacturer adds £20m in turnover. Read more 
  • Building set to start on £58m Nottingham college hub. Read more 
  • Lincolnshire processor creates 40 jobs. Read more  
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