Preparations started this week for manufacturing at Cosworth’s new facility in the Northampton Waterside Enterprise Zone.
Northampton Borough Council built the new facility and handed it over last week to what is one of the UK’s best known performance motoring brands.
The new Advanced Manufacturing Centre will be at the cutting edge of precision engineering, creating around 70 direct jobs with more in the supply chain.
The new 38,000-square-foot facility will house an advanced flexible manufacturing system capable of producing complex machined components for high-performance, limited production road vehicles.
Cosworth Chief Executive, Hal Reisiger, said: “Cosworth’s Advanced Manufacturing Centre will use state-of-the-art technologies to streamline manufacturing. Our facility will provide unique machining and assembly capabilities to enable global automotive manufacturers to produce some of the most advanced high-performance engines in the world.
“It is Cosworth’s sixth unit within the Waterside Enterprise Zone and forms a major component of the company’s growth strategy with a projected order book of £75 million.”
The facility will use state-of-the-art methods to streamline manufacturing, helping keep costs and wastage to a minimum.
Councillor David Mackintosh, leader of Northampton Borough Council, said: “Cosworth is a household name and we’re very proud to have been able to help make its latest venture possible. This new facility will help demonstrate what Northampton does best – innovation, ambition and excellence.
“With so many new jobs, including apprenticeships for aspiring young engineers, this is a great addition to our already successful Enterprise Zone.”
The facility was funded by Northampton Borough Council and South East Midlands Local Enterprise Partnership (SEMLEP) and has been made available to Cosworth on a leaseback agreement.
The Department for Communities and Local Government helped provide funding towards the cost of the manufacturing machinery and the Government’s Advanced Manufacturing and Supply Chain Initiative (AMSCI) supported the development of systems which make the facility one of the most advanced in the UK.
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