Material Processing Institute

“I firmly believe we have the talent and means here in the Northeast to provide solutions to many of these contemporary challenges, and this funding from the Northern Powerhouse Investment Fund will help us to further that cause.”

Chris McDonald, Materials Processing Institute Chief Executive

Materials Processing Institute, a not-for-profit research and innovation centre based in Middlesbrough, secured a £750,000 investment from NPIF – FW Capital Debt Finance, which is managed by FW Capital.

Founded as the British Iron & Steel Research Association in 1944, the Materials Processing Institute is a globally recognised centre for the innovation, development and commercialisation of technology. FW Capital’s funding allowed the Institute to invest into its asset base and technologies, improving research capabilities and its ability to rapidly accelerate industrial innovations, with a greater focus on decarbonisation and the production of new digital tools.

Moreover, this investment would enable the Materials Processing Institute to expand the support services offered by its SME Technology Centre, with key activities of the Institute working closely with the steel industry internationally, and the materials industry domestically. Additionally, it would help support small and medium sized enterprises in the Tees Valley and beyond with the development and commercialisation of innovations and technology.