The UK automotive sector has secured a share of government-backed Advanced Manufacturing Supply Chain Initiative (AMSCI) funding worth £45.5m to UK-based suppliers, as announced today by Business Secretary Vince Cable. The SMMT bid, submitted on behalf of the sector, has delivered £13.3m in government funding, which leverages £32.2m of industry contributions.
AMSCI is a funding competition run through the Department for Business, Innovation and Skills, and is designed to improve the global competitiveness of UK advanced manufacturing supply chains. The Long Term Advanced Supply Chain (LTASC) project will provide funding for a four year programme of support for research and development, skills training and capital investment among 38 UK suppliers. It will create nearly 1,000 jobs and safeguard 1,600 existing jobs throughout the supply chain.
The programme will boost the international competitiveness of UK automotive suppliers using an innovative approach to addressing Quality, Cost, Delivery (QCD), R&D capability, management and employee development. Many aspects of the programme will be delivered by SMMT Industry Forum, which supports manufacturing companies in the UK and abroad in delivering maximum operational performance.
Business Secretary Vince Cable said, “Britain is starting to win back business on the basis of hard headed business decisions based on quality and good performance. Through our industrial strategy the government is working in partnership with business to nurture these encouraging signs.
“Our backing for skills, apprenticeships, supply chains, innovation and new technologies is creating the right environment for business to invest here. The supply chain funding announced today is another practical example of intelligently targeted government support helping UK firms to keep ahead of the game.”
Speaking following the announcement, Mike Hawes, SMMT Chief Executive, said, “The UK has a thriving UK automotive industry but we must continue to grow and develop our supply base. This SMMT-driven programme will allow the supply chain to increase skills, R&D capability and manufacturing facilities, and will make UK-based companies more successful in competing for both local and overseas business.”
The project has had the full support of the Automotive Council, which brings together government, the automotive industry and other stakeholders to ensure the ongoing competitiveness of this critical sector. The LTASC programme is one of the key workstreams of the Automotive Council’s Supply Chain Group.
Dave Allen, Chair of Supply Chain Group of the Automotive Council commented, “The UK automotive supply chain has some real opportunities for growth in the coming years and this programme will really benefit those looking to improve their competitiveness. This is at the heart of the Automotive Strategy as we look to cement the sector’s role as a significant driver of economic growth.”
£13m boost for UK automotive supply chain
4 Mar 2014
The UK automotive sector has secured a share of government-backed Advanced Manufacturing Supply Chain Initiative (AMSCI) funding worth £45.5m to UK-based suppliers, as announced today by Business Secretary Vince Cable. The SMMT bid, submitted on behalf of the sector, has delivered £13.3m in government funding, which leverages £32.2m of industry contributions.
AMSCI is a funding competition run through the Department for Business, Innovation and Skills, and is designed to improve the global competitiveness of UK advanced manufacturing supply chains. The Long Term Advanced Supply Chain (LTASC) project will provide funding for a four year programme of support for research and development, skills training and capital investment among 38 UK suppliers. It will create nearly 1,000 jobs and safeguard 1,600 existing jobs throughout the supply chain.
The programme will boost the international competitiveness of UK automotive suppliers using an innovative approach to addressing Quality, Cost, Delivery (QCD), R&D capability, management and employee development. Many aspects of the programme will be delivered by SMMT Industry Forum, which supports manufacturing companies in the UK and abroad in delivering maximum operational performance.
Business Secretary Vince Cable said, “Britain is starting to win back business on the basis of hard headed business decisions based on quality and good performance. Through our industrial strategy the government is working in partnership with business to nurture these encouraging signs.
“Our backing for skills, apprenticeships, supply chains, innovation and new technologies is creating the right environment for business to invest here. The supply chain funding announced today is another practical example of intelligently targeted government support helping UK firms to keep ahead of the game.”
Speaking following the announcement, Mike Hawes, SMMT Chief Executive, said, “The UK has a thriving UK automotive industry but we must continue to grow and develop our supply base. This SMMT-driven programme will allow the supply chain to increase skills, R&D capability and manufacturing facilities, and will make UK-based companies more successful in competing for both local and overseas business.”
The project has had the full support of the Automotive Council, which brings together government, the automotive industry and other stakeholders to ensure the ongoing competitiveness of this critical sector. The LTASC programme is one of the key workstreams of the Automotive Council’s Supply Chain Group.
Dave Allen, Chair of Supply Chain Group of the Automotive Council commented, “The UK automotive supply chain has some real opportunities for growth in the coming years and this programme will really benefit those looking to improve their competitiveness. This is at the heart of the Automotive Strategy as we look to cement the sector’s role as a significant driver of economic growth.”