Thursday, October 22, 2020

Digital manufacturing facility to be created at Silverstone Park

MEPC has confirmed that a state-of-the-art digital manufacturing facility – believed to be one of the most technically advanced of its kind in Europe and serving sectors such as aerospace, automotive, defence and marine – will be created inside one of 13 new industrial properties nearing completion at Silverstone Park.

The Digital Manufacturing Centre (DMC) is the brainchild of high-performance engineering specialist KW Special Projects (KWSP) and will total 17,842 sq ft of manufacturing and office space.

Its HQ-style building is one of seven stand-alone properties currently being constructed as part of a 258,000 sq ft development by MEPC in the Enterprise Zone at Silverstone Park which also includes a further six terraced industrial units.

The DMC project has received significant funding from the South East Midlands Local Enterprise Partnership (SEMLEP). KWSP and DMC founder and CEO Kieron Salter has also highlighted Enterprise Zone status among the key reasons for choosing Silverstone Park as a location.

“It’s very attractive in terms of de-risking the project in the current climate – it enables us to manage cash flow better in these early stages and ramp up more effectively,” he commented. “We also like how MEPC is developing Silverstone Park as a hot spot for advanced technologies and attracting tech companies as a result.

“As members of the Silverstone Technology Cluster (STC), we want to promote that by engaging with a future workforce – particularly young people in local schools, colleges and universities. This is an opportunity to show a younger audience that this is a cool technology that’s being applied in cool sectors like aerospace, motorsport and space.”

He added: “There is also the connectivity at Silverstone Park – the M1, M40, rail networks, Milton Keynes, the Oxford-Cambridge Arc. It makes it a great place.”

The DMC will become the third specialist high tech facility at Silverstone Park since MEPC took over development of the business estate in 2013.

Others include the UK’s only dedicated sub-contract inspection metrology facility (a collaboration between MEPC and Hexagon Manufacturing’s Intelligence division) and the Silverstone Sports Engineering Hub (SSEH) which opened in autumn 2019.

KWSP becomes the second company to be named by MEPC to have agreed terms on one the 13 new industrial properties – the first, Swiss-based international lifestyle drinks brand EIGHTY-ONE, was announced in July.

MEPC’s Roz Bird, Commercial Director at Silverstone Park and STC Chair, said: “We are delighted to announce KWSP and the Digital Manufacturing Centre as a new occupier in one of our latest HQ-style buildings on site which form part of ‘Phase 2’ development plans at Silverstone Park.

“The scale and magnitude of the Digital Manufacturing Centre is to be applauded – as is its clear desire to showcase engineering to local schoolchildren and students. This aligns perfectly with our own Inspiration for Innovation programme with local schools, in response to concerns from local employers about the skills gap.”

In approving public investment for the Centre, KWSP and SEMLEP identify that the DMC will help develop new and high-value engineering opportunities for more than 100 SMEs, and is forecast to contribute £9m GVA (gross value added) over three years for the region.

SEMLEP Chief Executive Hilary Chipping said: “Working with innovative businesses like KWSP to make their ideas become reality is exactly what makes the South East Midlands LEP area the successful place it is today.

“This is ever more important as innovation will be at the forefront of our national response to getting back to business post lockdown and in a new trade era. SEMLEP’s investment, through the Local Growth Fund, will help local businesses to remain at the cutting edge of technology and create long-term job opportunities.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Leicester photographic print supplier secures COVID support

Leicestershire photographic print supply firm, Tetenal UK, has secured a finance facility from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to...

Expert NEDs join F Word Academy

The F Word Academy, an online business finance academy, has added two East Midlands business development experts to its executive team. Stuart Ross from High Growth...

Software company acquires online school management system

IRIS Software Group, the privately held software company, has acquired iSAMS, a fully integrated online school management system. Set to grow the scope of the...

Software firm reports 47% revenue growth and secures investment for future expansion

The Access Group, a provider of business management software to mid-market organisations which is due to open a new office at Loughborough University Science...

Watch the 2020 East Midlands Bricks Awards as it unfolds next week

On Thursday 29th October, the 2020 East Midlands Bricks Awards will take place virtually. Business Link’s annual event, the East Midlands Bricks Awards recognises development projects and people in commercial and public...

Related news

Agent appointed to Chesterfield Waterside offices

Knight Frank has been appointed to find tenants for office space in Chesterfield’s newest £340m regeneration project. Construction of No.1 Waterside Place at Basin Square...

Leicester photographic print supplier secures COVID support

Leicestershire photographic print supply firm, Tetenal UK, has secured a finance facility from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to...

Expert NEDs join F Word Academy

The F Word Academy, an online business finance academy, has added two East Midlands business development experts to its executive team. Stuart Ross from High Growth...

Software company acquires online school management system

IRIS Software Group, the privately held software company, has acquired iSAMS, a fully integrated online school management system. Set to grow the scope of the...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close