February 2018

Labour Market Bulletin

Business headlines

Meggitt PLC

Meggitt PLC announced plans to build a major £130 million facility at Ansty Technology Park in Warwickshire. The new 440,000 sq ft centre will bring together a number of Meggitt’s existing operations and represents a significant investment in the long-term future of Meggitt’s UK manufacturing capability.

The facility, which would provide a base for up to 1,000 employees, aims to combine a range of operations - Aircraft Braking Systems, Control Systems, Customer Services & Support and Corporate Shared Services - within a world-class aerospace engineering and technology environment. They join a number of international businesses that together have invested over £500m creating new tech facilities at the site. These include AVL Powertrain (Austria), Fanuc (Japan) and Geely (China).

Warwick tops UK Vitality Index

The UK Vitality Index, produced by agents Lamber Smith Hampton, has placed the town of Warwick and the surrounding area as a leading location in terms of the level of education attainment and for entrepreneurial activity. Warwick features in the top 10 of two of the LSH Vitality Index categories. The district is positioned joint second with Oxford, behind Cambridge in the Most Highly Educated category, which reflects the level of educational attainment of residents.

Warwick is placed third in the Most Entrepreneurial index, which measures which towns and cities offer the most supportive business environments, including metrics on business density and new enterprises. The report can be downloaded here: http://www.lsh.co.uk/commercial-property-research/2018/jan/uk-vitality-index-2018

IM Kelly

IM Kelly, the automotive, aero and rail interior trim and seating supplier, opened its new facility in Exhall. The 27,000sqft unit is next door to two existing units in Nuneaton & Bedworth borough. The company also has another local operation on the border with Coventry at Gallagher Business Park.

The expansion will boost the company’s capacity to supply the rail sector, which is enjoying significant growth as rail firms invest in new rolling stock.

Warwick welcomes Rebellion

UK games development cluster ‘Silicon Spa,’ centred around the towns of Leamington, Southam and Warwick, received a major boost when Oxford-based Rebellion announced the acquisition of Leamington Spa based studio Radiant Worlds.

Radiant Worlds was founded in 2013 and will now be renamed as Rebellion Warwick.

MIRA investment goes viral in India

Bharat Forge of India announced that it has set up a new R&D facility at MIRA Technology Park, Nuneaton. It has created much media interest in its home country India and helped the Bharat Forge share price to close 2% higher. The company will be developing components and sub-systems focused on Electric Vehicles at the facility, Bharat Forge said in a statement.

The new Electric Mobility Research and Development Centre will be able to tap into the testing facilities at MIRA Technology Park as well as the pool of engineering talents in the Midlands, the company said.

New name for £120m Battery Centre of Excellence

The recently announced £80m national battery centre coming to Coventry & Warwickshire has been formally named as the UK Battery Industrialisation Centre (UKBIC).

The £80m government-funded 18,000m facility will be open by 2020 at a location yet to be finalised. The facility will help enable UK industry to achieve an internationally competitive position in scaling up and commercialising advanced technologies central to the design, development and manufacture of batteries, primarily for the automotive sector but with wider application. It will fill a strategic gap in the UK, facilitating scale-up to high volume processes for battery materials, cells, modules and packs. 

The centre will further strengthen Coventry & Warwickshire’s lead in UK powertrain and EV development.

Meridian boosts Coventry & Warwickshire autonomous technologies cluster

The Meridian Connected and Autonomous Vehicle Initiative, funded by UK Government and industry, has allocated over £30m funding for Coventry & Warwickshire. Meridian seeks to grow and develop the CAV cluster running along the M40 from London to Coventry. An initial project call of £50m saw over half of this allocated to the sub-region.

The successful projects led by HORIBA-MIRA and WMG will see a high speed autonomous test facility created at the HORIBA-MIRA site at Nuneaton, while the WMG led project will create a CAV test bed between the sub-region and UK Central, home to Birmingham International Airport, the NEC and the new HS2 station.



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