e2v, a manufacturer of advanced electronic systems in applications such as radar and microwaves, has won a grant of £2.9 million from Round 4 of the Regional Growth Fund.
The project to be funded is expected to last five years and is part of an overall investment of £9 million.
It will enable Chelmsford-based e2v to further develop its business in radiotherapy applications.
This involves moving more to a servitisation business model, developing manufacturing and test processes as a part of a strategy to move from the supply of components into sub-systems and services, in partnership with key customers.
e2v was successful in Rounds 1 and 3 of the RGF awards, for microwave generator development and space imaging technology and service development, and had received a total of £10m.
Keith Attwood CEO of e2v said, “This grant is a key contributor to the delivery of our strategic plan.
“We will be working with our OEM partners to accelerate the development of class leading radiotherapy sub-systems around our core RF Power capability, which will help secure high value UK jobs. ”
The Regional Growth Fund is a £2.6 billion fund operating across England from 2011 to 2016. It supports projects and programmes that are using private sector investment to create economic growth and sustainable employment.