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David Willetts welcomes BP’s £60 million investment in an International Centre for Advanced Materials (BP-ICAM)

07 August 2012 00:01

Department for Business, Innovation and Skills

Minister for Universities and Science David Willetts said:

“It’s excellent that BP is making such a significant and long-term investment in British science, working closely with leading institutions like the University of Manchester. This new centre will create highly skilled jobs and help cement the UK’s leading position in advanced materials research and its application.”

Notes to editors:

  1. The Government's economic policy objective is to achieve 'strong, sustainable and balanced growth that is more evenly shared across the country and between industries.' It set four ambitions in the ‘Plan for Growth’ (PDF 1.7MB), published at Budget 2011:
    • To create the most competitive tax system in the G20
    • To make the UK the best place in Europe to start, finance and grow a business
    • To encourage investment and exports as a route to a more balanced economy
    • To create a more educated workforce that is the most flexible in Europe.

Work is underway across Government to achieve these ambitions, including progress on more than 250 measures as part of the Growth Review. Developing an Industrial Strategy gives new impetus to this work by providing businesses, investors and the public with more clarity about the long-term direction in which the Government wants the economy to travel.

  1. BIS's online newsroom contains the latest press notices and speeches, as well as video and images for download. It also features an up to date list of BIS press office contacts. See http://www.bis.gov.uk/newsroom for more information.

Contact Information

BIS Press Office
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Sally Catmull
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sally.catmull@bis.gsi.gov.uk