Business Secretary Vince Cable will today visit Speedo’s headquarters in Nottingham where he will see how the firm develops its leading swimwear worn by top athletes around the world.
He will tour the firm’s global research and development facility, Aqualab, to see how Speedo designs and develops world class swimwear and equipment, including the Fastskin Racing System worn by Nottingham-based Great Britain swimmer Rebecca Adlington OBE. He will also hear about the contribution Speedo makes to the local economy and the impact the firm has on jobs in the area.
Afterwards, the Business Secretary will visit Nottingham University Innovation Centre and learn more about university and private sector collaboration with businesses such as GlaxoSmithKline Carbon Neutral Laboratory for Sustainable Chemistry, Ordnance Survey and technology firm e2v. e2v has received £6.25 million from the Regional Growth Fund and has licensed technology from the innovation centre.
Business Secretary Vince Cable said:
“Nottingham is clearly a place for innovative businesses and individuals to thrive and that’s thanks to the investment firms and universities are prepared to put into researching new products and design.
“Speedo is a world leader in swimwear products and is using cutting-edge technology, as well as first class skills, to ensure it remains at the forefront of its industry. And with centres such as Nottingham University’s Innovation Centre creating a space for the research base and business to come together in partnership, Nottingham is a place for companies and ideas to thrive and grow.”
Vince Cable will also announce that the Engineering and Physical Sciences Research Council (EPSRC) and GlaxoSmithKline are to jointly fund a new Chair in Sustainable Chemistry who will be based in the planned Carbon Neutral Laboratory for Sustainable Chemistry at the University of Nottingham.
He will also announce £670,000 of EPSRC funding for a new photoelectron spectrometer that will give accurate measurements of liquids – the first of its kind in the UK.