More than £140,000 funding for Yeovil business
Business leaders are celebrating the recent announcement of £144,500 to boost the iAero Centre in Yeovil so the team can pioneer a ‘Factory of the Future.’
The Heart of the South West LEP says the cash injection will ‘support high-value engineering Factory of the Future digitisation’ for small and medium enterprises.
It’s envisaged the funding will allow the iAero Centre at Yeovil to install a range of high tech equipment.
The iFACTORe system will allow companies in the industry to collect and analyse vast amounts of data. Experts say it’ll have ‘the potential to enhance efficiency and productivity whilst also fostering innovation and competitiveness.’
‘This sector is vital to the region’s growth, so funding for projects like these is pivotal,’ says Karl Tucker, Chair of the Heart of the South West LEP.
‘iFACTORe at the iAero Centre signifies the importance of the aerospace and advanced manufacturing industry in the region.’
Business leaders say the south west is set to become a leading example of how data can be effectively utilised in the aerospace and advanced manufacturing sectors. They envisage a new era of technological advancement and economic growth.
‘This funding offers complimentary capabilities at iAero that will benefit SMEs within the aerospace and high value manufacturing sector looking to collaborate on new projects, technologies and skills,’ says Austin Chick, head of iAero Centre.
