German research facility creates 20 new jobs in London
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A German research company moved into a state-of-the-art 12,000 square foot building in northeast London on Monday to become the first tenant of the city’s new Advanced Manufacturing Park.
The AMP is now officially home to the Fraunhofer Project Centre, which will develop composite materials for lightweight vehicles. It’s a joint initiative between Fraunhofer, Western University, and the three levels of government that will create 20 full-time research jobs.
Along with the project centre, a 50,000 square-foot AMP headquarters was also unveiled. Upon completion, it will house 10 to 20 small businesses and be a hub for all surrounding buildings.
In terms of public funding, FedDev, a Government of Canada agency aimed at aiding Ontario communities, has pitched in $13.7 million, while the City of London contributed $10 million.