£100 million new funding for WMG’s work in the High Value Manufacturing Catapult
The Chancellor of the Exchequer, the RT Hon Philip Hammond MP, announced in August that WMG had been awarded £100m in Government funding for WMG’s work in the High Value Manufacturing Catapult.
It formed part of a £780 million announcement of which £270 million has been awarded to the West Midlands (to WMG and MTC for their work in the High Value Manufacturing Catapult, and the Energy Systems Catapult in Birmingham).
The Chancellor of the Exchequer, Philip Hammond, said: “It is by backing innovative British companies to grow and create jobs that we will continue this progress and build an economy fit for the future. Today’s £780 million investment will support innovators across the country to create the technologies of the future, and the better, highly-paid jobs we urgently need.”