Foundry Daily News

UK - New generation of engineers and scientists to benefit from £184m investment

A Government-backed Oxford company is opening a new clean electric motor factory.

The Government is to invest £184 million to help train the next generation of engineers and scientists at universities.

The announcement will be made by Business Secretary Greg Clark on Thursday when he opens a new electric motor facility in Oxford.

Manufacturer Yasa, a spin-off from Oxford University, will expand production of environmentally-friendly hybrid and electric motors for car engines, 80% for export.

Innovation is the lifeblood of our Industrial Strategy and our economy

Mr Clark said: “Innovation is the lifeblood of our Industrial Strategy and our economy. This spirit is embodied by Yasa, a thriving business that has emerged from one of our finest academic institutions and is now helping to deliver the UK’s ambition to lead the world in meeting the grand challenges presented by clean growth and future of mobility.

“Government investment in programmes that have supported Yasa have helped propel this company forward. The factory I will be opening today is testimony to what can be achieved through our industrial approach, when academia, government and industry come together.”


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