Support programme could create 2,500 manufacturing jobs
Up to 2,500 manufacturing jobs could be created after it was revealed that an £11.8m business support package is being extended.
The Manufacturing Growth Programme, which is funded by ERDF and delivered by Economic Growth Solutions (part of Oxford Innovation), has been extended until September 2021. The organisation says the extension will help a further 2,400 companies tackle barriers to growth, with the potential of creating 2,500 new jobs.
Companies in Local Enterprise Partnership areas covering Greater Lincolnshire, Leicestershire and Northamptonshire can access support for improvements, change, environmental and sustainability, leadership and management, marketing, people and skills, productivity and capacity, quality and strategy.
An in-depth business diagnostic (via ‘GROWTHmapper’) and comprehensive action plan will be provided as part of the new programme, alongside improvement grants starting from £1,000.
In response to company feedback, a series of manufacturing themed workshops have also been added and will be available from Summer 2019 to help bridge current skills needs within manufacturing businesses and support future skills requirements in line with Industry 4.0.
“In October 2016, we were given the task of setting up a programme capable of delivering over £10.3m of dedicated business support to SME manufacturers and I’m delighted to say that, thanks to the hard work of the staff and the Manufacturing Growth Managers on the ground, we have achieved that,” explained Martin Coats, operations director of Oxford Innovation.
“Over the course of the last two and a half years we have helped more than 2000 SMEs to identify and overcome barriers to their growth and this has added millions of pounds to the local economy and created in excess of 3000 jobs, safeguarding thousands more in the process.”
He continued: “Supporting manufacturers is not easy and you need a tailored approach, delivered by experts who understand what it is like working in industry.
“The Local Enterprise Partnerships (LEPs) and local Growth Hubs have seen first-hand the value we add to firms in their respective areas and this has resulted in their commitment to support us for another two and a half years.
“To make the most of this, we have joined forces with Oxford Innovation to deliver the extension of the programme and this will make us the country’s largest business support organisation, primarily focusing on manufacturing.”
Dean Barnes, regional director of the Manufacturing Growth Programme added: “The £11.8m extension will provide enhanced support to more SME manufacturing businesses, as well as having the opportunity to add further value to those companies we have already supported.
“Our Manufacturing Growth Managers are trusted experts that understand the language MDs are talking and, through a new manufacturing diagnostic tool, can guide them on making the right decisions, before bringing in specialists on specific issues they are facing or opportunities they’re looking to explore.”
He concluded: “Accessing MGP has never been easier. The process is slick, the scope of support is tailored to each company’s needs, the diagnostic provides an in-depth look into their business and the results, as already proven, are making a real difference in terms of increased turnover, jobs and new products/processes.”
