 In August 2005 Professor David Jiles was appointed as the new Director and the name of the Centre was changed to its current form Wolfson Centre for Magnetics to better reflect the range of activities being undertaken within the Centre, which includes not only magnetics technology but also basic scientific aspects of magnetics.In 2005-2006 the WCM was awarded a Strategic Research Investment Fund (SRIF) (£1.5 million).WCM is a multinational centre and its members come from various countries around the world