Tracey joined Mark Reckless MP in welcoming business Minister Michael Fallon to the local aerospace firm in Rochester that has secured just over £1 million from the government’s Regional Growth Fund.
Aeromet, which produces aluminium castings for the aerospace industry, will use the funding for a research and development project to exploit new technologies for its patented aluminium alloy A20X. The investment is expected to create up to 38 jobs across its three sites in Rochester, Sittingbourne and Worcester.
Research into the alloy A20X – the strongest cast aluminium alloy available commercially – will help to provide a more cost effective and versatile way to produce aluminium components and explore its use within aerospace and other sectors such as defence, renewables and the automotive markets.
Above all it is hoped that the research will improve efficiency by reducing the weight of individual components and reducing overall emissions in transportation costs.
Speaking at Aeromet, Business Minister Michael Fallon said: “Today’s announcement is great news for Aeromet in what could be a game changer for the industry. For me this project underlines the importance of supporting advanced manufacturing and innovation through the Regional Growth Fund – it creates jobs and acts as an important lever for bringing in skills and expertise.
I look forward to seeing the progress of this project and the benefits that it will bring for the aerospace supply chain in new technology and improved efficiency. We also remain committed to working with the industry as part of the Aerospace Growth Partnership to ensure that the UK remains at the leading edge of aerospace technology.”
Tracey said: “I was delighted to welcome Michael Fallon to the constituency firm Aeromet this morning. The securing of Regional Growth Funding is a welcome boost for both the local economy and the aerospace industry. It was great to see the fantastic work undergone here in Rochester, such as the making of aluminum casting, and I wish the firm all the best in this exciting new research and manufacturing project.”
Aeromet’s Commercial Director, Alan Dustan, commented: “Without the RGF Funding the project would either have been delayed for a number of years or not proceeded at all. However, with the funding we can continue the research, support the three Aeromet sites and their supply chains as well as creating over 30 new positions.
As a result of the project, Aeromet will work with the Universities of Birmingham and Warwick to further explore the properties of A20X.”
The Regional Growth Fund is part of the government’s work with industry to develop an industrial strategy, including a strategy for the aerospace sector so that the UK continues to be a leading aerospace nation. This will support the sector in developing new technologies for future aircraft and to produce high value products both faster and to higher standards.