The UK Government’s Department for Business, Innovation and Skills announced that LPW Technology, a market leader in the development and supply of metal powders for additive manufacturing (AM), has been awarded government funding through the Advanced Manufacturing Supply Chain Initiative (AMSCI).
UK manufacturing supply chain projects will benefit from a total of £67 million of government investment, with £109 million being invested in the same projects by industry. The fund to help ‘rebuild British manufacturing prowess’ will see LPW receive support totaling £3 million, with the total project size approximately £13.2 million. LPW are being supported in the project by The Welding Institute (TWI) and The Manufacturing Technology Centre (MTC). The funds will drive the development of super-clean powders of novel composition made using non-conventional powder production processes, which will enable the sustainable use of AM in a wide range of critical and demanding applications.
Funding through AMSCI is available to support research and development, skills training and capital investment to help UK supply chains achieve world-class standards and improve the global competitiveness of UK advanced manufacturing.
LPW has demonstrated impressive growth and a successful business strategy for sustainable development enabling the investment, which will be focused on developing new technologies in a customer collaboration to create lasting shared value innovative technologies, products, and research in the aerospace, automotive, medical, defense, and tooling sectors.
A dedicated facility to accommodate new equipment will be built. It is due to create up to 137 new jobs and safeguard 30+ existing roles.
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