Skip to content
Search

Latest Stories

Three Production Research Hubs In UK To Link Businesses Including Tata Steel

THREE new £10 million manufacturing research hubs in the UK will link major industry players - including India’s Tata Steel, Siemens, and Rolls-Royce - to world-class research teams.

The hubs are part of a £30m research and innovation investment in British manufacturing aimed at helping the UK "seize new opportunities" in steel production, pharmaceuticals, and transport infrastructure. They will be set up to pioneer new practices that can meet evolving industry needs as well as tackle sustainability and productivity.


The three new hubs will focus on steel production, bio-manufacturing, and electrical machines and will be funded by the Engineering and Physical Sciences Research Council (EPSRC), part of UK Research and Innovation (UKRI).

The future biomanufacturing research hub will receive £2m co-funding from the Biotechnology and Biological Sciences Research Council (BBSRC).

Their addition takes the total number of manufacturing hubs to 13 across the UK, building comprehensive research support for the government’s industrial strategy.

Industry minister Richard Harrington said: “This investment brings together world-class researchers and leading manufacturing firms to help revolutionise how key industries like steel operate in the future.”

The sustain manufacturing hub will be led by professor David Worsley at Swansea University. It has been jointly set up by the five major UK steel producers - Tata, Liberty, British Steel, Celsa, and Sheffield Forgemasters and Swansea, Warwick, and Sheffield universities.

The future biomanufacturing research hub (FBRH) will be led by professor Nigel Scrutton at the University of Manchester with spokes at Imperial, UCL, Nottingham, the UK Catalysis Hub, IBioIC, and Centre for Process Innovation (CPI).

The third hub, future electrical machines manufacturing hub will be led by professor Geraint Jewell at the University of Sheffield, with spokes at Newcastle University and the University of Strathclyde. It will focus on the electrification revolution in UK manufacturing.

More For You

Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less
Asda suffers nearly £600m loss as debt and IT costs surge

Asda co-ownerMohsin Issa. (Photo: Asda)

Asda suffers nearly £600m loss as debt and IT costs surge

ASDA, one of Britain’s largest supermarkets, has reported a pre-tax loss of £599 million for 2024, swinging sharply from a £180 million profit the previous year.

The loss comes despite total sales rising by over £1 billion to £26.8bn, as the retailer faces mounting debt costs, falling sales, and spiralling spending on a major IT overhaul, the Telegraph reported.

Keep ReadingShow less
Mounjaro

Mounjaro, or tirzepatide, is part of a new class of weight-loss medications, with trials showing patients losing an average of 20 per cent of their body weight after 72 weeks.

Reuters

Lilly to sell Mounjaro pens in India as Wegovy enters market

ELI LILLY said on Thursday that it has received approval from India's drug regulator to launch pre-filled injector pens of its weight-loss drug, Mounjaro.

The move gives the company more options to compete with Novo Nordisk, which recently launched its weight-loss drug Wegovy in the country.

Keep ReadingShow less
India-US trade talks collapse over tariff disputes

FILE PHOTO: US president Donald Trump and Indian prime minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025. REUTERS/Kevin Lamarque.

India-US trade talks collapse over tariff disputes

TRADE talks between India and the US have hit a roadblock over disagreements on import duties for auto components, steel and farm goods, Indian officials with direct knowledge said, dashing hopes of reaching a deal ahead of president Donald Trump's July 9 deadline to impose reciprocal tariffs.

The deadlock marks a sharp shift from earlier optimism, following Trump's claim that New Delhi had proposed a "no tariffs" agreement for American goods, and officials from both sides suggesting India could be among the first countries to strike a deal on the new US tariffs.

Keep ReadingShow less