Our other sites
Today's newsletter | Register | Subscribe | Feedback

Scheme offers funds for supply chain initiatives

By PRW Staff
Posted 27 November 2012

Successful bids from round one of the Government’s Advanced Manufacturing Supply Chain Initiative (AMSCI) will create or safeguard more than 2,160 jobs.

Of the £80m invested, around £30m has come from government coffers while a further £50m has been awarded from private sector partners. The investments will support 11 manufacturing supply chain projects across the automotive, aerospace and chemical sectors

Business Secretary Vince Cable said: “Over half the UK’s exports and almost three quarters of our business research and development activity is in manufacturing, so it’s vital that we create the right conditions to encourage growth in the industry.

“The successful applications in AMSCI Round 1 represent a high quality of projects that bring together businesses and forge new partnerships across various supply chains that will strengthen our presence in Europe and the world.”

AMSCI is part funded by the Government’s Regional Growth Fund and is delivered in partnership with the Technology Strategy Board – the UK’s innovation agency – and Birmingham City Council as the accountable authority, on behalf of the Department for Business, Innovation and Skills.

Sir Albert Bore, leader of Birmingham City Council, said: “Working in this new partnership has been ground-breaking. We are making use of new legislation which gives local authorities the powers for the first time to operate outside their region at a national and even an international level.

“We hope this will be a model BIS and central government will use again.”


Comment on this article.

[ Back ]



TOOLBOX

ALSO IN THIS SECTION
MOST POPULAR STORIES
Site Index [ + ]
Site Index [ - ]
Home:  PRW.com | Contact editorial | Contact advertising | Features List 2014 | About us
End Markets:  Automotive | Packaging | Construction | Medical | Consumer Products | Rubber
Processes:  Injection moulding | Blow moulding | Extrusion | Thermoforming
Supplier News:  Machinery | Materials | Recycling | Moulds | Design
Polymer Prices:  LME prices | Market outlooks | Resin selector
Industry Issues:  Environment | Regulation Competitiveness
Plastics Knowledge:  Knowledge Bank
Comment:  Champ Chat | Editorials | Business features
People:  Movers & Shakers
PRW Business Directory:  Directory
Classifieds:  Jobs | Classifieds
View:  Mobile | Desktop
Our Events:  PDM | Conferences
Industry Awards:  Industry Awards
Diary: Diary
Advertise with PRW
Subscribe:  PRW print | E-mail products
Reprints:  Reprints
List Rental:  List Rental
Crain Communications:  Crain Communications | Crain Publications

Entire contents copyright 2014 by Crain Communications Inc.
Plastics & Rubber Weekly and PRW.com are published by Crain Communications Ltd (registered in England & Wales No. 01576350).
Registered Office: 100 New Bridge Street, London, EC4V 6JA, United Kingdom.