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The University of Manchester is to benefit from investment from oil giant BP as part of the firm's plans to establish an International Centre for Advanced Materials in the UK.
BP is launching the initiative to support fundamental science and the engineering application of advanced materials in the energy sector.
The university will become a 'hub' of the of the BP-ICAM facility, with 'spokes' in other universities around the world, such a Cambridge University, Imperial College, London and the University of Illinois at Urbana-Champaign.
BP has pledged to provide $100 million (£60 million) in funding over a 10 years period to the network of universities to create 25 new academic posts, at least 100 PhDs and 80 post-Docs.
Professor Dame Nancy Rothwell, Vice Chancellor of Manchester University, said: "We are very pleased that BP has chosen The University of Manchester to be the Hub for the ICAM, utilising our world-leading breadth of research expertise in advanced materials and their applications to address the current and future challenges facing industry.
"We also look forward to working closely with the University of Cambridge, University of Illinois at Urbana Champaign and Imperial College London as the founding spokes of the ICAM. This is an excellent announcement for UK science and recognises the excellence of our universities, our research and our willingness and ability to work with global industry."
Chancellor George Osborne and Business Secretary Vince Cable will today welcome the investment when international delegates from the world's oil and gas companies meet at the British Business Embassy in London.
