The government’s £125 million Advanced Manufacturing Supply Chain Initiative, opens for applications opens today – 29th March.
The initiative aims to support projects which are of a sufficient size to make a significant impact on supply chains, ultimately awarding funding of at least £2 million to successful bidders.
Supply chain companies with projects that require funding below the threshold should consider entering a consortium with others who are also seeking support.
They should be in established advanced or high value manufacturing sectors, or in newer growth areas where the UK is well placed to take a global lead, such as energy renewables and other low carbon sectors. It provides a flexible approach to funding (grants and loans) and is designed to promote closer collaboration within the supply chain and to address market failures.
The process is being managed by the Technology Strategy Board. A briefing day for potential applicants is on 27 April 2012.