Faraday Plastics, the UK’s plastics research and development centre, has agreed its business plan for the next three years with the DTI.

Professor William Banks of the University of Strathclyde has been appointed Faraday Plastics’ research and training director. Faraday Plastics has also recruited a number of blue chip manufacturing companies to boost the composition of the board.

For Faraday Plastics’ director Richard Simpson, the renewal of the Faraday Plastics funding and mission gives a renewed energy and urgency to the opportunities in UK polymers.