The Voice

Industry takes advantage of government supply chain funds

By | Mon 9th July 2012 - 5:53 pm

Thirty-two manufacturers have successfully applied for £90 million of government funding to help British suppliers compete in the global economy and attract foreign investors, Vince Cable has announced.

Vince commented:

Building up the supply chain and encouraging new suppliers to manufacture here is one of the steps we’re taking to strengthen the UK’s manufacturing capability.

The BIS website describes the initiative:

The Advanced Manufacturing Supply Chain Initiative aims to help existing UK supply chains grow and achieve world class standards while encouraging major new suppliers to come and manufacture here.
The new fund will support innovative projects in established UK advanced manufacturing sectors such as aerospace, automotive and chemicals. It will also target newer growth areas where the UK is well placed to take a global lead, such as energy renewables and other low carbon sectors.

You can read a full Financial Times article on this news item here.

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4 Comments

  • Richard Dean 9th Jul '12 - 11:28pm

    Sounds good, and puzzling. My question is: why focus on supply chains? Is it because the existence of a chain gives reassurance that a market is there? As opposed to innovative industries where the market has to be grown and there is less confidence that it can be?

  • Richard Dean 10th Jul '12 - 2:00pm

    This continues to puzzle. Long-term success in manufacturing requires having efficient and responsive supply chains, but not that they necessarily be located in clusters nor indeed that all elements in the chain be in the UK.

  • Tim Leunig 10th Jul '12 - 10:06pm

    But why should govt tax some people to subsidise automotive supply chains?

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