Local enterprise partnerships (LEPs), such as in Greater Lincolnshire, are encouraging manufacturing businesses to apply for a share in a new £120m fund, which opens on March 21.
The money is being made available through the Government’s Advanced Manufacturing Supply Chain Initiative to support research and development, skills training and capital investment in the industry.
Neil Corner, lead board member for the manufacturing sector at the Greater Lincolnshire LEP, said: “The manufacturing industry in Greater Lincolnshire is extremely important to our economy and is a key sector for the LEP to support to grow further.”
Reverend Canon Andrew Vaughan, chairman of the Lincoln Engineering Breakfast Group, said: “I welcome this fund and the opportunity it offers to enhance the manufacturing industry in Lincoln.”
For more information on the fund, visit http://www.innovateuk.org/content/competition/advanced-manufacturing-supply-chain-initiative1.ashx
Over £73 million was been awarded from Round 2 of the Advanced Manufacturing Supply Chain Initiative (AMSCI) to 12 national supply chain projects.
Examples of winning bids include the creation of a ‘National Aerospace Technology Exploitation Programme’ led by the Aerospace Growth Partnership to address skills shortages and improve R&D collaboration in the aerospace sector. The £35 million project will create nearly 5,000 jobs in the supply chain. Another successful bid, led by David Brown Gear Systems in Huddersfield, will position the UK as a world leader in the creation of large gearboxes for the next generation of offshore wind turbines.