7.4 C
Manchester
Thursday, March 28, 2024
Business supportManufacturing SMEs in Greater Manchester invest almost £1M to adopt new technologies...

Manufacturing SMEs in Greater Manchester invest almost £1M to adopt new technologies supported by £300k of funding in the first year of Made Smarter

Greater Manchester small and medium sized manufacturers have invested £1M to adopt new technologies, supported by almost £300k of funding, in the first year of the Made Smarter programme.

The Made Smarter North West pilot is working with SMEs to help them introduce digital tools and technologies to help boost productivity and growth.

This support for local manufacturing SMEs includes expert impartial advice and one-to-one support, digital roadmapping workshops to help manufacturers take their first steps to transform their business, eight-month leadership and management training programmes offered in partnership with Lancaster University, as well as funded three-month student placements.

62 of the businesses supported with specialist technology advice, including 13 in Greater Manchester, have also secured matched funding, and with this support forecast to deliver an additional £52M in gross value added (GVA) for the North West economy over the next three years.

SME applicants are developing projects involving the adoption of a range of industrial digital technologies, including Data Analytics, Artificial Intelligence (AI), Augmented Reality (AR), Industrial Internet of Things (IIoT), 3D-printing and robotics to solve business challenges across a range of manufacturing functions.

By adopting these cutting-edge technologies, these businesses benefit from improved productivity and revenue, increased exports and job creation, providing new skills to workforces, enhanced integration with supply chains and reduced environmental impact.

The latest Greater Manchester SMEs to secure funding include: MSM aerospace fabricators (Middleton); Suscom Industries (Wigan); BEP Surface Technologies (Radcliffe); W Howard Group (Astley); Heatsense Cables (Rochdale); Techtex (Middleton); Tibard (Dukinfield); Antonelli Brothers (Irlam); and Joshua Greaves & Sons (Ramsbottom).

Other businesses previously revealed to have secured funding include: Mackinnon & Saunders (Altrincham); Handrail Creations (Bolton); Pakeeza Dairies (Rochdale); and Fabricon Design (Ashton-Under-Lyne).

Donna Edwards, Programme Director for the Made Smarter North West pilot, said: “Over the last year the Made Smarter team has engaged with hundreds of makers from every corner of the region.

“We have found a great enthusiasm about the benefits of adopting new digital technology tempered by uncertainty of how to go about it.

“It’s clear that the SMEs need the specialist advice and insight to help them select the right approach for their business, how much to invest and which technologies will bring the greatest benefits.

“This is exactly how Made Smarter can and is helping businesses across the region.

“Made Smarter is relevant for any North West SMEs employing less than 250 staff who make, create, manufacture or engineer. The interest we have received in the first year has been incredible. I urge local businesses to get in touch and find out how digital technology can transform their business.”

The £20M pilot programme was launched in November 2018, becoming operational in January 2019, and runs until March 2021.

The pilot will inform how best to support SME manufacturers in the adoption of new industrial digital technologies.

During its first 12 months a series of successful events in Greater Manchester have allowed Made Smarter’s team of expert advisers to connect with businesses operating in a wide range of sectors including engineering, aerospace, food and beverage, agriculture, steel, chemicals and textiles.

The North West pilot is being overseen by the Made Smarter Commission – a partnership between the Department for Business, Energy & Industrial Strategy (BEIS) and industry leaders.

Juergen Maier, former CEO of Siemens and co-chair of the commission, said: “When we launched Made Smarter in November 2018 our ambition was to kick start a new industrial revolution for the manufacturing sector and turn the UK into a world leader in digital technologies.

“I am thrilled that so many manufacturers in the North West have grasped what I believe is a once in a generational opportunity to boost productivity, create high value and highly paid jobs of the future. Our task now is to scale this up and see what other regions can learn from the great work that’s already being done here.”

Latest
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

More News