Government officials expect the creation of more than 100 jobs following the announcement of £8.2m in funding for the first regeneration project in Port Talbot, with other projects set to follow. The ‘South Wales Industrial Transition from Carbon Hub’ project will redevelop a four-acre site at Harbourside, Port Talbot that will include the construction of additional shared space, undertake flood mitigation and the provision of specialist equipment. This major investment will help establish an ‘Innovation District’ in Port Talbot that will ultimately benefit the South Wales economy by £87m.

More information www.gov.uk

Hexagon has announced a multi-year renewal of its long-established innovation partnership with Milton Keynes based Formula 1 team, Oracle Red Bull Racing. For 18 years, Hexagon’s Manufacturing Intelligence division has been a partner to Oracle Red Bull Racing. The company supplies the team with 3D laser scanning and digitalisation solutions. Hexagon branding will feature on the lower sidepod of the RB21, signifying its long-standing contribution to the operation of the car. The partnership is crucial ahead of the 2026 season as new sporting regulations come into effect that require a complete redesign of all cars.

More information www.hexagon.com

Embrace Steel Group, a provider of steel-frame building solutions throughout the UK, has appointed three senior hires, bolstering teams at the company’s sites in both Hambleton Steel and Shufflebottom. A steel fabrication company based in Wales, Shufflebottom has welcomed Richard Wigley to the business as its new commercial and technical director, while Ben Thomas joins as operations director. In addition, Chris Burns has re-joined Hambleton Steel, a steel designer and fabricator headquartered in Yorkshire, as design and build engineer.

More information www.embracesteelgroup.co.uk

Mills CNC, the exclusive UK and Ireland distributor of machine tools from DN Solutions, has relaunched its ‘Smart Options’ machine tool rental scheme. A new brochure is available to explains the initiative in more detail. Managed and administered by Mills CNC Finance, Smart Options enables manufacturers to acquire a new machine tool from DN Solutions for an initial 12-month rental period. Upon the completion of 12 months, the machine user has options to return the machine, purchase the machine (with previous rental payments refunded), or extend the rental period for a further 12 months.

More information www.millscnc.co.uk