Burges Salmon advises National Composites Centre on new funding and collaboration arrangement
23 January 2012
Burges Salmon has advised the National Composites Centre on its membership of, and funding from, the High-Value Manufacturing Technology and Innovation Centre (HVMTIC). The HVMTIC was announced in October, comprising seven members, but agreements have now been formally exchanged and completed. The HVMTIC is the first centre to be established under a new strategy announced by the UK government to set up an elite network of world-leading technology and innovation centres. HVMTIC, which has recently been re-named HVMCatapult, will focus on forms of manufacture using metals and composites, as well as manufacturing technologies and bio-processing. Under the agreements, the HVMCatapult will receive over £140 million of funding over a six year period.
The National Composites Centre (NCC) is a 8500m² state-of-the-art research, development and manufacturing facility for SMEs to develop new composite technology products. It is hosted by the University of Bristol and is run by a Steering Board comprising the University and various industry partners. NCC was formally opened by Vince Cable at the end of November 2011.
The Burges Salmon team advising on the project were Stephanie Rickard and Falle Pearce, both senior associates in the Commercial team. Our appointment followed on from instructions to advise the University of Bristol on the establishment, development, initial grant funding and operation of the NCC.
Stephanie Rickard said: "We are delighted to continue to work with the NCC. The project has been interesting because HVMCatapult is the first of a new type of funding and collaboration arrangement and it was important to get it right."