61 jobs created at Hyde Group after £3.9m government investment

61 jobs created at Hyde Group after £3.9m government investment

61 jobs created at Hyde Group after £3.9m government investment

61 jobs created at Hyde Group after £3.9m government investment

: Based in Warrington, Hyde Group Nuclear are leading a £16.6m government project that aims to ‘develop handling facilities for nuclear materials’.

Business Minister Matthew Hancock announced that a consortium – which includes the Hyde Group as well as NAMRC, RACE and React Engineering Ltd – is to receive funding to ‘rebuild British manufacturing prowess’. The Hyde Group will receive £3.9m of the government injection.

This will safeguard 105 jobs, and create 61 others within the Group.

In other government projects, 20 supply chains will receive £67m of government investment.

Minister Hancock said: “While there is much to celebrate about British manufacturing, it is clear that our supplier base has been eroded over the last thirty years. Reversing this will boost exports and help safeguard UK jobs. Our targeted interventions have helped revive the great British manufacturing sector.

“The benefits of stronger manufacturing supply chains will be felt across the whole economy – new cutting-edge technologies, a more highly skilled work force and improved productivity will boost growth and jobs across the country.

“The Hyde Group Nuclear project will deliver sizeable benefits to the manufacturing supply chain in Cheshire, boosting local jobs, and that is why I’m pleased to award it funding.”

Reuben Cutts

Reuben Cutts

Reuben Cutts is the Editor and main writer for Pennine Business News. His role focuses on the site's day-to-day publications, and he is the main content producer.

His experience in editing includes work on behalf of the European Commission, the Financial Conduct Authority, and numerous county councils. He has worked extensively for Plain Language Commission.
Reuben Cutts

Leave a Reply

Your email address will not be published. Required fields are marked *