£125m Advanced Manufacturing Supply Chain initiative
Earlier this year, government made available details of the £125m supply chain fund aimed at improving the size, quality and global competitiveness of the UK’s advanced manufacturing supply chain sector.
The fund is aimed at supply chain companies operating in England and can be used for capital expenditure, skills and training and R&D projects. Due to the minimum project threshold value of £2m, it is envisaged that many bids will need to be from several companies clustering together to form one bid.
SMMT Industry Forum has developed an approach to support the clustering of potential bids and are working closely with supply chain companies to develop their bids.
On 4 April, SMMT hosted a webinar with Geoff Dale, Director of Industry Forum. Geoff discussed how SMMT Industry Forum is working with supply chain companies to cluster and submit viable bids.
- The £125m Advanced Manufacturing Supply Chain Initiative (AMSCI) was launched on 29 March 2012 and is being administered by Birmingham City Council, the Technology Strategy Board with a £125m of funding secured from the round two Regional Growth Fund (RGF).
- The aim of the competition is to improve the global competitiveness of advanced manufacturing supply chains.
- The funding is split into two streams; £25m and £100m.
- £100m is stream one funding, with a deadline for applications of 13 June 2012 and 12 September 2012 and is specifically for England.
- £25m is stream two funding, with a deadline for applications of 13 June 2012 and is specifically for areas covering the four Local Enterprise Partnerships (LEPs) in the West Midlands (Black Country, Coventry and Warwickshire, Greater Birmingham and Solihull and Liverpool City) region.
- The funding is available for the purchase of capital equipment, R&D that improves manufacturing equipment, systems and processes, training and skills development.