The university, which is also investing GBP3.5m in the scheme, aims to increase the capability of the university sector to collaborate with industry. It will also support industrial research and development in the nuclear sector’s reactor technology market through collaborative international research, education and skills development.
According to NWDA, once C-NET has been established, the long-term aim is to secure additional private sector investment to grow the center to GBP25m. An additional GBP2.61m will be invested by the private sector with further private sector investment being sought. The establishment of C-NET is estimated to contribute GBP20m to the Northwest economy over 10 years.
NWDA said that the new center will focus on providing industrial R&D support and contribute to academic thinking in four key market areas which include new nuclear build, naval propulsion, support to existing reactors and international advanced reactor development.
Robert Hough, chairman of NWDA, said: ”Estimated to generate over GBP20bn worth of new business opportunities, the government’s announcement of a UK nuclear new build program has the potential to create a wealth of new opportunities for the sector’s growth in the Northwest.
”Our investment in C-NET, which supports the delivery of the Northwest Science Strategy, will help to ensure that the region is equipped with the research and development capability, technology and skills needed to capitalise on this key growth sector.”
