Sharing in Growth UK Ltd was registered in October 2012 to deliver a nationwide £250 million transformation and training programme with support from the Regional Growth Fund and industry.
Companies have attributed contracts valued at £2.1 billion to the impact of the programme, which means SiG is well on track to safeguard 10,000 UK jobs by 2022. Cumulatively these contracts add up to 20,000 additional man years of work for the SiG community.
Says business minister Richard Harrington: “SiG plays a valuable role in improving supply chain productivity and is exactly the type of programme the government is committed to supporting through our Industrial Strategy. To date the programme has made a sustainable positive impact on UK competitiveness and raised the UK’s workforce skills and leadership capability.”
SiG is backed by leading aerospace companies, who benefit from the improved cost and delivery competitiveness resulting from SiG. Among the business boosts derived from SiG’s support are:
- £60 million in Rolls-Royce components for Nasmyth Metallics Bulwell
- £30 million in defence contracts, creating 100 jobs for Ipswich-headquartered Rockford Components
- £35 million in contracts for Scotland’s Castle Precision Engineering,
- Record orders for Worcester casting supplier Aeromet from Boeing
- £7 million export deal from Kawasaki Heavy Industries of Japan for Sheffield’s CW Fletcher
- Yorkshire family firm Produmax has won three new customers and increased sales by 40%
- Icon Aerospace Technology of Nottinghamshire added £54 million in contracts which led to 100 new jobs.
Adds SiG chief Andy Page: “At the outset of SiG industry research pointed to a 20% cost gap between the UK aerospace supply chain and its global competitors. So, we identified the barriers to growth, including leadership, culture and operational excellence, and are delivering a programme with the scope and scale that is commensurate with the challenge of making 60 companies globally competitive.
“The world aerospace market is growing exponentially, with a nine-year backlog of aircraft orders worth some £220 billion. We are encouraging ambitious companies to invest in high value skills, innovation and technology so that UK companies win their share of global growth. Looking to the future, our success in tackling the UK’s productivity puzzle leads us to believe that an expanded programme could deliver an additional £20 billion of contracts over 10 years.”
Companies interested in joining the SiG programme can complete an expression of interest form which is available at www.sig-uk.org/apply.
