Nanoco, a Manchester-based nanotechnology company, has issued a call for financial support from the government to enable it to locate its first manufacturing plant in the UK.

The company told the Financial Times that if it did not get enough government support, it may have to locate the plant in Japan or Singapore instead.

Nanoco manufactures quantum dots, also known as semiconductor nanoparticles, used in technology such as display systems and biological imaging.

The company told the FT that it faced difficulties raising funds in the UK compared to other countries. The search for funding had become harder after the government abolished regional development authorities last year.

“Ministers talk a good game [about trying to encourage manufacturing] but when you look at the support packages that are available they are often unsuitable or too thinly spread,” said Nanoco chief executive Michael Edelman.