IfM provide SMEs in the East of England with a £2.25m boost

Practical & Innovative Solutions for Manufacturing Sustainability, or PrISMS, will run until 2015
Practical & Innovative Solutions for Manufacturing Sustainability, or PrISMS, will run until 2015

A new £2.25m business support programme for start-up or SME manufacturing companies in the East of England has been announced by IfM Education and Consultancy Services Ltd (IfM ECS), the dissemination arm of the Institute for Manufacturing.

It is hoped that the programme, which is funded by the European Development Fund, will create more than 140 jobs and help firms take a sustainable approach, reduce costs and make more profit.

The programme, called Practical & Innovative Solutions for Manufacturing Sustainability, or PrISMS, is now live and will run until 2015, providing fully-funded support for 50 start-ups and 70 manufacturing SMEs across the region.

According to Cambridge Busines News, 11 local authorities will be helping to recruit start-ups and SMEs, and the ideaSpace Enterprise Accelerator at the university’s Hauser Forum, will be involved.

Dr Derek Ford, who heads the IfM team for the programme, said: “We have worked with hundreds of small and medium-sized manufacturers over the last 10 years, so we are delighted to have been awarded this funding.”

The programme will also feedback into the research at IfM to help reduce resource and energy use in production processes.

You need to be in one of the six counties in the East of England to qualify for PrISMS, so if you are, call Anna Rowntree 01223 766141.

Leave a Reply

You must be logged in to post a comment.

Related Topic Article

Lending to UK SMEs has dropped for the second consecutive quarter, casting further doubt over the government's Funding for Lending scheme.

Further drop in SME lending casts more doubt over FFL

Related Topic Article

Mark Burgess, chief operations officer at Debt Guard Solicitors, discusses debt levels within manufacturing SMEs and how firms can best address financial concerns.

????????????????????

UPCOMING EVENTS

Reports

  • SmartestEnergy Entrepreneurs Report

    The latest Energy Entrepreneurs Report compiled by SmartestEnergy shows a 36% jump in the number of commercial scale projects in operation across the manufacturing sector in Great Britain since last year’s report. In total, an

  • University Collaboration 2014

    The amount of money available for R&D in the UK is quite staggering: over £26bn, from public and private sources. The organisations involved from the public sector can begin to look like an alphabet soup, and just as confusing,

More reports

Advert

Manufacturing Jobs

View all jobs

Advertisements

Advertisement

Tracking