Kidlington based global manufacturing company, M-Solv, has been awarded £3.6 million of Advanced Manufacturing Supply Chain Initiative (AMSCI) in funding from the Government. This is a great boost for the company and means it can not only begin exciting new projects but also create 75 new jobs.
Nicola has strongly welcomed this funding, which is designed to improve the global competitiveness of UK advanced manufacturing supply chains. She has visited M-Solv to hear about how the funding will be used to build advanced new digital production tools. M-Solv build and sell machines worldwide for both Research & Development and High Volume Manufacturing applications, manufacture Capacitive Touch Panels (TPs) for low volume bespoke applications, and develop addictive and subtractive manufacturing processes of thin materials using laser patterning and solution based material deposition.
Visiting the company, based at Langford Lock, Nicola had a tour of the facilities and heard about how the funding will help to increase production and revenue.
We know the manufacturing industry is crucial to the UK’s economic growth and productivity, and this funding will help UK supply chains achieve world-class standards and encourage major new suppliers to locate in the UK.
Welcoming the news of the funding last week, Chancellor of the Exchequer, George Osborne, said, ‘Backing manufacturing is a key part of our long term economic plan that is building a stronger, healthier economy. This cutting edge new project will create up to 75 local jobs – and it is fantastic news for Oxford. By working through our plan – and with your fantastic local Conservative candidate Nicola Blackwood fighting your corner – we will secure a brighter future for Oxford West and Abingdon.’
Nicola says, ‘Its great news that this innovative local business is getting an injection of cash from the AMSCI fund, M-Solv has distributers and partnerships worldwide and it is at the forefront of new techniques in various technology sectors. We have a world leading science base here in Oxfordshire, and this shows the Government’s commitment to new investments in our manufacturing and science.’