“Our most innovative industries will benefit from the government’s investment in Buckinghamshire as part of the plan to help get Britain building. This will strengthen the county’s connectivity and creativity, help drive the local economy and support jobs.” Minister of State for Digital and Culture, Caroline Dinenage MP.
Getting Building Fund investment is creating hundreds of new jobs and opportunities for training and providing facilities for education and space for new businesses to develop their ideas.
This funding is driving economic recovery and supports the continued delivery of Buckinghamshire’s Local Industrial Strategy and growth within our four key sectors, Upstream Space, Creative and Digital, Advanced Engineering and Manufacturing and Medical Technology and Health.
Bucks LEP are delighted that funding has been successfully allocated to all the projects to the deadline of 31 March 2022, and these are now proceeding with many already completed and fully operational.
The original allocation of £7.7m of the Government’s Getting Building Fund leveraged over £14.5m of private match funding, which resulted in a total capital investment of £22.5m.
“European Astrotech are proud to be recipients of Getting Building Funding, which is supporting the establishment of the Centre of Excellence for Rocket Engine and Flow Tests Facility at Westcott. This investment by Bucks LEP will strengthen our competitive advantage and opens up the next stage in the evolution of the Westcott site to attract new business and investment to this world-class centre of excellence in space propulsion.” Sam Green, Operations Director at European Astrotech Limited