Partner Article

£2.4M invested in support of Tees Valley firms

A NORTH EAST programme is injecting a further £2.4m as part of a £60m programme to support the region’s industrial biotechnology projects.

The Tees Valley Industrial Programme (TVIP) will support the transition of the Tees Valley economy and its businesses to low carbon and advanced manufacturing.

This latest industrial biotechnology (IB) project will be based at the Centre for Process Innovation to support the partner companies in the Tees Valley in the development of increasingly sustainable biological routes to platform chemicals and of new approaches to biofuels.

The cash injection will go toward new cutting edge equipment that will open up the centres offer to a wider set of applications and potential users.

Nigel Perry, Chief Executive of CPI, said: “This investment will help cement CPI’s leading role as the UK’s centre for Sustainable Processing, located in the Tees Valley This is a vital technology area for the UK as we move to develop our manufacturing base.

“It will increase our ability to develop new processes and products for existing industry in the Tees Valley, and will help us catalyse new industry for the future. It’s great news.”

The two-year Tees Valley Industrial Programme (TVIP) was created to accelerate the Tees Valley’s transition towards a low carbon and advanced manufacturing economy.

TVIP has approved more than £41m of projects in the Tees Valley since it was established, creating almost 1,900 new jobs and safeguarding a further 1,400, and catalysing investment of £232m in Tees Valley.

This was posted in Bdaily's Members' News section by Ruth Mitchell .