�12m invested in engineering jobs

21-03-2005

About 500 engineering jobs will be created in Yorkshire as part of a multi-million pound investment programme, it has been claimed.

Yorkshire Forward is investing �9.65m in the advanced engineering and metals (AEM) industry, which employs 170,000 people in the region.

A further �3.1m of private sector money could also be spent on the scheme, the regional development agency said.

About 870 jobs will be safeguarded by the investment, it added.

Grants will be provided to companies and universities for research and development projects.

The cash is being made available after surveys found smaller AEM firms needed more money to increase research and development work.

The industry, which has a strong presence in West and South Yorkshire, contributes about �5.2bn to the region's economy.

Susan Johnson, the agency's director of business development, said that AEM was a key area of future growth.

"This investment will not only help the cluster to compete on a global scale, but it will particularly look to fund projects which have the potential to reach the market soon," she added.

"Focusing on these four key technology areas will ensure that our cluster companies continue to innovate and work at the very cutting edge of technology."

BBC News

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