By Daniel Hunter
Successful bids from Round 1 of the Government’s £125 million Advanced Manufacturing Supply Chain Initiative (AMSCI) are projected to create or safeguard over 2,160 jobs supported by approximately £80 million of joint public and private sector investment.
Of the £80 million investment, around £30 million has been awarded from the initiative subject to due diligence, with a further £50 million being leveraged from private sector partners.
The investments will finance and strengthen 11 manufacturing supply chain projects across the automotive, aerospace and chemical sectors — key areas of the Government’s Industrial Strategy.
Examples of winning Round 1 projects include an advanced manufacturing proving factory to develop the mass production of new low carbon technologies in Yorkshire and the surrounding areas, an automotive supplier that is enlarging and enhancing its manufacturing facility in the West Midlands and a next generation bio-process manufacturing capability being developed in the Tees Valley.
“Over half the UK’s exports and almost three quarters of our business research and development activity is in manufacturing, so it’s vital that we create the right conditions to encourage growth in the industry," Business Secretary Vince Cable said.
“The successful applications in AMSCI Round 1 represent a high quality of projects that bring together businesses and forge new partnerships across various supply chains that will strengthen our presence in Europe and the world.
“Through this initiative Government and industry can work together to help UK supply chains become more globally competitive, and plug the gaps that act as barriers to efficiency and expansion.”
AMSCI is part funded by the Government’s Regional Growth Fund and is delivered in partnership with the Technology Strategy Board — the UK’s innovation agency — and Birmingham City Council as the accountable authority, on behalf of the Department for Business, Innovation and Skills.
“Working in this new partnership has been ground-breaking," Sir Albert Bore, Leader of Birmingham City Council, said.
"We are making use of new legislation which gives local authorities the powers for the first time to operate outside their region at a national and even an international level. We hope this will be a model BIS and central government will use again.”
AMSCI complements the work of ongoing Government initiatives such as the Regional Growth Fund, Manufacturing Advisory Service and work of UK Trade and Investment to boost UK supply chains.
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