The SMMC will provide a permanent physical gateway into the UK’s renowned advanced materials and manufacturing network. It will offer advanced materials and manufacturing businesses access to specialist space, facilities, expertise and the CEAMS national network of innovation support, helping them move from concept towards commercial application.
The development of the SMMC building has received £15.2 million from the UK Government’s Towns Fund, £15m from the GMCA’s Good Growth Fund and £10 million from the Greater Manchester Investment Zone.
The next phase for the innovation district has received a further major boost through £16.4 million from the Local Innovation Partnerships Fund (LIPF), a flagship UK government programme delivered through UK Research and Innovation (UKRI) in partnership with GMCA and Innovation Greater Manchester (IGM), investing £500 million to strengthen regional innovation economies across the country. The University of Manchester is the lead delivery partner for the programme, working with RDA and the CEAMS consortium of national innovation partners to activate the ecosystem around the SMMC. Independent analysis forecasts that the centre will generate £107 million of economic value over ten years, delivering a 2:1 return on public investment while helping to attract new businesses, inward investment and high-value employment into Atom Valley.
Councillor Daniel Meredith, Portfolio Holder for Regeneration and Housing at Rochdale Borough Council, said: “The building completion of the Sustainable Materials & Manufacturing Centre is fantastic news for Rochdale residents. This landmark facility will help create new employment opportunities, support the development of high-value skills and ensure local people can benefit from some of the most exciting advances in modern manufacturing and materials science.
“We’ve worked hard to position Rochdale at the forefront of innovation and advanced manufacturing, and the SMMC is a clear example of that ambition becoming reality. It’s a major investment in our future, creating opportunities for local businesses, attracting new employers and helping to build a stronger economy for generations to come.”
Professor John Holden, Vice-President for Civic Engagement and Innovation at The University of Manchester, said: “Completing the base build is a major achievement and testament to the partnership that has brought the SMMC this far. The opportunity now is to bring that physical investment to life by drawing together businesses, research, expertise and innovation in a way that creates lasting value for Rochdale, Greater Manchester and the UK.
“The University is the lead delivery partner charged with delivering the innovation ecosystem that will accelerate the growth of the advanced materials and manufacturing cluster already in the region, connecting our research strengths with businesses and national partners to help new ideas develop, scale and reach the market at pace, and attracting over £60 million in private sector investment. The SMMC and wider Atom Valley Innovation District is a crucial part of our commitment to driving innovation-led growth right across Greater Manchester.”
Charlotte Deane, UK Research & Innovation senior sponsor for Greater Manchester said: “Greater Manchester has outstanding strengths in advanced materials and manufacturing. This £16.4m Local Innovation Partnerships Fund (LIPF) investment backs those strengths by connecting businesses with a national network of expertise and support to turn world-class research and innovation into economic opportunity by powering the growth of an advanced materials focused cluster of companies on the Kingsway Business Park.
“The SMMC and the wider Atom Valley Innovation District show the potential of universities, industry and
civic partners working together to support innovation-led growth, unlock new supply chain opportunities, create new jobs and strengthen the region’s ability to attract and grow innovative businesses.”
Mayor of Greater Manchester Bev Craig said: “Atom Valley is an exciting opportunity and key to our plans to bring good growth to every postcode in Greater Manchester. The completion of the SMMC building is a major milestone for what will become a nationally significant hub for innovation.
“We’re providing space for businesses and connecting them with investment, world-class research, facilities and support within the wider Atom Valley Innovation District. In practice, that means more opportunities for our businesses to grow, attracting new investment to this part of Greater Manchester, and more high-value jobs for our residents.”
The milestone was announced during a week where The University of Manchester hosted its inaugural Innovation Festival, to showcase Manchester’s vibrant, globally connected innovation ecosystem and bring together researchers, students, entrepreneurs, partners, investors and civic leaders to explore how ideas become impact.
“The University of Manchester is a public research university in Manchester, England. The main campus is south of Manchester City Centre on Oxford Road.”
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