Client: The Materials Processing Institute is a Teesside-based R&D business, providing specialist advice and testing facilities for companies working in the materials processing and energy industries.
Project: We worked in partnership with Turner and Townsend to help the Institute develop a successful funding application, securing a £3m Local Growth Fund (LGF) grant towards creating a new Open Access R&D Centre, SME Incubator, and training facility at its Teesside base. We developed a compelling Business Case for the project, including an economic and financial appraisal demonstrating the expected impacts of the new Centre on the regional economy, including business growth, new job creation, and additional GVA. We also undertook an options and Cost Benefit Analysis (in line with HM Treasury Green Book guidelines), demonstrating why the proposed project and LGF investment should go ahead.
Impact: The Centre is expected to support more than 50 businesses in its first four years, and to help create and safeguard more than 200 jobs.