We are amidst of the fourth digital revolution and technical advancements have swooned us over. Therefore, the UK government is also under the major influence of technology. It is designing a program to benefit the manufacturing industry with an expectation of high growth and productivity. Until now there are nine companies participating in this program.
This project is having three contributors. An entertainment industry personnel, a family running a 50-year-old engineering firm and UK manufacturing sector. They are designing the ‘Made Smarter Program’ worth £20m. This program is aiming for UK businesses to digitally grow.
The nine firms participating in this project are in Liverpool, Greater Manchester, Lancashire, and Cheshire. They are introducing manufacturing methods which are highly advanced. These methods include new age technologies like including industrial Internet of Things, 3D printing, robotics, and artificial intelligence.
Manufacturers are introducing these new methods to boost, productivity, sales, revenue, employment generation, upskilling workforce, digital advancement in the supply chain, low environmental impact and safety practices.
Advantages of Made Smarter Program:
The nine firms incorporating these new methods will be delivering an additional £5.5m of gross value added to their economy.
This pilot scheme will benefit companies like:
Mackinnon and Saunders, Fusion Implants, DT Engineering North West, Abbey Group, Graham Engineering, and other big engineering firms.
This program aims to engage more than 3k SME’s for manufacturing. Therefore, they will be the first to grab this opportunity.
They will contribute to the gross value added by almost £115m in the North West region.
Made Smarter is assisting senior industry experts for adopting new methods.
More than 500 firms in the North West region are participating in this program.
Made Smarter Program details:
- It is a collaboration between government and industry.
- The purpose is funding and learning.
- Beneficial to SME‘s sector.
- It is a joint venture between the private sector and the Department for Business, Energy & Industrial Strategy.
- Seventeen leading UK manufacturing and technology companies represent this commission.
- Applicable to SME’s in the North West area.