Government manufacturing and engineering investments good news for graduates
The government has announced extra investment in the manufacturing, engineering and science sector, which is likely to generate more graduate engineering jobs as a result.
Speaking at the Global Manufacturing Festival on Friday 18th March, Deputy Prime Minister Nick Clegg declared that boosting the manufacturing industry was ‘absolutely central’ to restoring the economy post recession.
The coalition government will invest £200 million over the next four years in new ‘High Value Manufacturing Technology and Innovation Centres’, or TICs. TICs will enable firms and businesses to promote commercial research, enabling a growth in graduate positions in this sector in the future.
Clegg declared that ‘the UK should be at the forefront of science, engineering and manufacturing’, and stated that the £200 million investment in TICs is ‘a symbol of the government’s commitment’ to supporting this goal.
The announcement follows a separate proposal made last week by the Government Department for Business, Innovation and Skills (BIS), who pledged £51 million towards keeping the UK at the forefront of technological research. The money, allocated by the Research Council, will be used to set up Engineering and Physical Sciences Research Council Centres for Innovative Manufacturing, creating further jobs in the UK.
The manufacturing centres will be run by universities, including Nottingham, Cranfield and Strathclyde. Mark Prisk, Minister for Business and Enterprise, believes the centres will create ‘exciting new partnerships between our universities and businesses’.
Both initiatives are welcome news to future engineering graduates. The investments to be rolled out over the next four years will create new jobs across the manufacturing and engineering sectors. WikiJob, the UK’s leading graduate careers website, has welcomed the announcement. Ed Mellett, WikiJob co-founder, said ‘with engineering degrees taking up to four or five years, current students will be well placed to benefit from the new schemes upon graduation’.