Government Reveals £8m Funding Scheme for SME Manufacturers

The government has revealed a new £8m funding scheme to help small and medium-sized manufacturers modernise and create jobs.

The funding, part of the government’s Made Smarter Adoption programme, will support up to 1,000 businesses across the North West, North East, Yorkshire and the Humber and the West Midlands.

A pilot of the programme launched in January 2019 in the North West and has already worked with more than 1,000 firms and directly supported more than 500 businesses to use digital technology to overcome challenges or access opportunities.

Minister for investment Lord Grimstone said: "The proof is in the pudding and for the companies that have adopted the latest digital technology, they are already reaping the rewards.

"To help level up the country, we want to ensure businesses have the right tools for the job so that they can build back better and greener from the pandemic."

Made Smarter commissioner and managing director of ATEC Engineering Solutions Andrea Hough added: "This support plays a vital role in helping manufacturing SMEs like mine understand the advantages of adopting digital technology. My own firm has seen first-hand the importance of digitalisation.

"I have supported the pilot programme in the North West since it launched and am pleased that its work will continue and will be rolled out to three new regions to help even more businesses benefit from technology."

 

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