Technology companies developing autonomous vehicles, communications, 5G, and medical devices in South Wales will be supported by a new UK Government project that aims to help upskill Welsh manufacturing businesses.
The compound semiconductor project, called CSconnected, has received £44m funding from the UK Government and industry.
Secretary of State for Wales Simon Hart said: “The £44m investment in the Cardiff University led project will boost the incredible research that is already taking place in this field across south-east Wales. Investing in this emerging technology will enable us to create a lasting engineering and manufacturing legacy in Wales, generating high-skilled jobs and economic growth as we emerge from the coronavirus emergency.”
CSconnected is a collaboration between Cardiff and Swansea Universities and six Welsh manufacturing companies. The project will help establish a cluster of manufacturing excellence, including a new skills academy to provide training in manufacturing and technology for small and medium businesses in the region.
Cardiff University will work with partners across South Wales including:
Kellie Beirne, Chief Executive, Cardiff Capital Region City Deal said: “This is an outstanding achievement against the backdrop of significant economic challenge - this is a symbol of hope and opportunity that lies ahead. This is an industry of the future and is significant in terms of supporting growth in telecoms, 5G, communications, future energy systems, future automotive and med-tech.”
The investment is part of the wider UK Research and Innovation’s (UKRI) flagship Strength in Places Fund, which aims to drive forward research and innovation with a clear impact on local economic growth. Projects will benefit from a share of £186m of UK Government investment, backed by a further £230m from private firms and local authorities.
The six other projects receiving UKRI funding are:
The announcement also follows the UK Government doubling its Fast Start Competition to £40m to help drive forward new technological advances and support the UK’s next generation of innovative businesses.
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