£125m Supply Chain Initiative to be explained
1 min read
Manufacturers are being given the opportunity to find out how they can benefit from the government's Advanced Manufacturing Supply Chain Initiative (AMSCI) later this month.
Up to 500 companies are expected to attend the special briefing event at the ICC in Birmingham on April 27. Detail will be provided about how firms and related organisations can take advantage of the new £125m fund
Delegates will hear how the national programme aims to support existing supply chains to grow and become world class, while also encouraging new suppliers to establish operations in England.
AMSCI will provide grants and loans to successful projects creating globally competitive supply chains in sectors such as aerospace, automotive, chemicals, low carbon and renewables. Funding will support a combination of investment in capital equipment, associated R&D activity and training and skills development needed to secure, develop and deliver major opportunities.
Paul Heaven, board member at Greater Birmingham and Solihull Local Enterprise Partnership, (GBSLEP), said: "We want to make it as interactive as possible so companies and partners will be encouraged to ask questions and then attend one-to-one meetings with specialists involved in the fund."
The £125m Advanced Manufacturing Supply Chain Initiative is being funded by the Regional Growth Fund (RGF) and the Department for Business Innovation and Skills.
The government initiative is based on an existing RGF bid by a group of Local Enterprise Partnerships (featuring Black Country, Coventry and Warwickshire, Greater Birmingham and Solihull and Liverpool City Region), which focused on supporting automotive and aerospace supply chains in those geographic areas.
It has now been expanded to the whole of England and across all advanced manufacturing sectors. Birmingham City Council will administer the fund, with registration and processing of applications undertaken by the Technology Strategy Board.
The Advanced Manufacturing Supply Chain Initiative is now open for applications.
To book a place at the Briefing Event, click on the link below.
Also, click the second link below for information on AMSCI and to apply for funding.
