The UK government’s business secretary Vince Cable MP has announced that the laser technology company Rofin-Sinar is to get £1.13 million in funding, creating 57 jobs.
The government funding will contribute towards Rofin-Sinar’s own £4 million project that will develop lasers that can cut through touch screen glass on smart phones much faster and allow the company to relocate to a new factory in the Humberside area in north east England.
Cable said: ‘We are committed to supporting businesses and creating highly skilled jobs in this area. The new money announced today for Rofin-Sinar is in addition to £77 million already allocated through the Regional Growth Fund since its creation.’
The government money is being provided through the Regional Growth Fund (RGF). Rofin-Sinar has been awarded £1,131,300 from the RGF for its project, which is expected to create 57 jobs.