The new centre will be a casting, design, simulation and advanced manufacturing research facility, focussed initially on the key manufacturing areas of investment casting, design for manufacture and systems simulation.
This new facility will be funded by a £40m investment by Rolls-Royce plc matched by a £20million investment from the Higher Education Funding Council for England (HEFCE), through the UK Research Partnerships Investment Fund.
There is an expectation that an additional £10m of private sector revenues through research programmes from the wider industrial base interacting will be possible over the first five years of operation.