MTC OPENS NEW MANUFACTURING TRAINING CENTRE IN PARTNERSHIP WITH LLOYDS BANK TO TACKLE SKILLS GAP

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1 THURSDAY 19TH NOVEMBER 2015 MTC OPENS NEW MANUFACTURING TRAINING CENTRE IN PARTNERSHIP WITH LLOYDS BANK TO TACKLE SKILLS GAP Business Secretary, Sajid Javid MP, formally opens flagship centre to inspire and train next generation of engineers Lloyds Bank 5m contribution will support over 1,000 trainees providing the vital skills needed for UK economy State-of-the-art facilities will future-proof the UK manufacturing sector A brand new state-of-the-art training centre, set to create a new generation of engineers and narrow the UK s manufacturing skills-gap, will be formally opened today by the Business Secretary, Sajid Javid. The MTC s Lloyds Bank Advanced Manufacturing Training Centre, located on the campus of the Manufacturing Technology Centre (MTC) at Ansty Park, Coventry, has been designed to provide premium training for the next generation of engineers and technicians. Addressing the skills gap Funding from the Department of Business, Innovation and Skills (BIS) has been matched by industry support for the development of the centre. Lloyds Bank is the largest private sector contributor to the centre and is contributing 5m over a five year period as part of its commitment to support the UK manufacturing industry and to help tackle the sector s shortfall in skills. The bank s contribution will support over 1,000 trainees, in line with the Group s Helping Britain Prosper Plan; as well as helping the UK realise its potential in advanced manufacturing. The new training centre opened its doors to its second cohort of apprentices in September, giving new recruits the opportunity to train and learn alongside some of the world s leading experts in manufacturing and engineering. Apprentices have been able to work on projects that are redefining manufacturing techniques of the future, such as robotics, 3D printing, intelligent automation and advanced metrology.

2 Business Secretary Sajid Javid said: This centre will play a key role in turning young people from across the Midlands into the engineering leaders of the future. We are committed to 3 million high quality apprenticeships by 2020 because we know apprenticeships are good for business, young people and the British economy. Managing director of the MTC s Lloyds Bank Advanced Manufacturing Training Centre, Paul Rowlett, said: Our training courses are setting the standard as the future of advanced manufacturing apprenticeships. With a continued shortfall in engineering skills, the sector is crying out for new employees who have a specialised set of skills needed for their business to progress. The unique opportunity to gain expertise with MTC member companies involved in some of the most exciting research into advanced manufacturing methods and processes being undertaken anywhere in the world, provides a great springboard to an exciting career in a thriving sector. Lord Blackwell, Chairman of Lloyds Banking Group said: Supporting the manufacturing sector has been a priority for the Bank since it was formed over 250 years ago. This landmark training facility will inspire and equip apprentices with much sought-after skills, ensuring they are well placed to enter the workforce. The opportunity for young people to experience state of the art training is something that Lloyds Bank are proud to support and will help Britain prosper. Helping small and medium sized businesses access the necessary skills The purpose-built training facility delivers a range of training and experience on real-life projects from apprenticeship programmes, through engineer upskilling courses and graduate development programmes, right up to executive level training. Tim Hinton, managing director of Mid Markets and SME Banking at Lloyds Banking Group, said: The UK economy is growing but if the shortage in manufacturing skills is not addressed, it will seriously hamper our future capabilities and poses a significant risk to our competitiveness and overseas trade. Our 5 million contribution to help finance more apprenticeships at these impressive facilities is just one of the ways that we are supporting the manufacturing sector and closing the skills gap. We are confident that the MTC and AMTC will develop the next generation of world-leading engineers and help reassert the UK s engineering prowess. For employers eager to grow their business and ensure they offer a competitive advantage, the centre s apprenticeship scheme provides business-ready technicians and engineers who have received specialist training with the skills to make an immediate difference in their organisation.

3 Innovate UK chief executive, Ruth McKernan, said: Ensuring the UK is the best place for companies to innovate and grow requires investing in tomorrow s highly skilled workforce. The MTC s Lloyds Bank Advanced Manufacturing Training Centre, which is a fantastic opportunity for apprentices, complements the world-class facilities of the HVM Catapult s Manufacturing Technology Centre. Paul Rowlett added: Our programmes link the development of world-class manufacturing technology with the development of people, ensuring we match the skills and individual with the employer s specific requirements. This saves employers time and resources trying to develop and manage the development of new apprentices in-house. Fulfilling the skill needs of UK manufacturing into the future will only be achievable if more people choose a career in engineering. To inspire the next generation of engineers, the centre works closely with schools and colleges to support STEM (Science, Technology, Engineering and Maths) related activities that demonstrate to young people (aged 7-19) how exciting, creative and rewarding a career in engineering can be if they have the right qualifications and experience. Dr Clive Hickman, chief executive of the MTC, said: We have a clear vision - to inspire Great British manufacturing on the global stage. We are extremely proud to be able to offer such exciting prospects for young engineers and for the high-value manufacturing sector as a whole. This impressive training facility will revolutionise engineering training, which in turn will make a significant contribution towards driving economic growth. - ENDS - Further information - Ed Smith, Lloyds Banking Group Press Office / MTC: Sarah Turner, Manufacturing Technology Centre, tel Issued on behalf of the Manufacturing Technology Centre by Jane Duncan:

4 Notes to editors: About the MTC s Lloyds Bank Advanced Manufacturing Training Centre The MTC s Lloyds Bank Advanced Manufacturing Training Centre was constructed as part of a major expansion of the MTC campus. The training centre aims to redress the manufacturing high-level skills gaps inhibiting the high value manufacturing (HVM) sector and to develop the skills that are needed for delivering the technologies of the future. The advanced manufacturing training facilities here enable young people to gain professional qualifications up to postgraduate level, with training that matches the best in the world. Structured to produce people who are specialists, apprenticeships at the MTC s Lloyds Bank Advanced Manufacturing Training Centre enable recruits to gain a solid foundation in engineering skills and confidence in areas that underpin high value manufacturing, such as intelligent automation, additive layer manufacture, robotics, CNC machining, metrology, joining/welding technologies, mechatronics, computer-aided design (CAD) and computeraided machining (CAM). About the MTC The Manufacturing Technology Centre (MTC) is part of the High Value Manufacturing Catapult which is supported by Innovate UK (formerly the Technology Strategy Board). The MTC has been established to prove innovative manufacturing processes and technologies in an agile environment in partnership with industry, academia and other institutions. The MTC houses some of the most advanced manufacturing equipment in the world, creating a high quality environment for the development and demonstration of new technologies on an industrial scale. This provides a unique opportunity for manufacturers to develop new and innovative processes and technologies. About Lloyds Bank Lloyds Bank recognises the fundamental role that manufacturing plays in rebalancing the UK economy, having backed businesses in the sector for 250 years. Lloyds Bank has set a target to lend an additional 4 billion to manufacturing businesses in the four years to 2017 to demonstrate its long-term commitment to driving productivity, diversification and innovation within the manufacturing sector. The Bank has already beaten its 1bn target for 2015 early in October.

5 Lloyds Bank works with the University of Warwick and the Warwick Manufacturing Group to help its staff build their knowledge of the sector even further and has trained over 300 managers so far. Helping Britain Prosper Within its Helping Britain Prosper Plan Lloyds Banking Group has committed to create 5,000 new apprenticeship positions with permanent employment by To find out more about Lloyds Banking Group s commitment to Help Britain Prosper, please linkedin.com/company/themtc linkedin.com/company/lloyds-bank-commercial-banking