Friday 28th Oct 2016 - Logistics Manager

£4.5m cash for supply chain efficiency projects

Twelve new supply chain efficiency projects are to share £4.5 million government support.

The government-backed Technology Strategy Board will see industrial end-users working with their supply chains and with innovators to create sustainable new technologies, products and processes that reduce the global environmental impact of the materials in use, while also reducing dependence on key raw materials.

The companies leading the projects include: Jaguar Cars, Unilever, Gwent Electronic Materials, Innoval Technology, Johnson Matthey Fuel Cells, Liberty Electric Cars, Marshalls Mono, Morganite Electrical Carbon, M-Solv, SABIC UK Petrochemicals, and Augean.

In December, the government unveiled a £125m initiative to improve the global competitiveness of UK advanced manufacturing supply chains.

The Advanced Manufacturing Supply Chain fund is designed to help existing UK supply chains grow and achieve world class standards while encouraging major new suppliers to come and manufacture here.

The fund is targeting projects in sectors such as aerospace, automotive and chemicals. Energy renewables and other low carbon sectors are also in its scope.

The fund is designed to will be flexible in the type of support offered to successful proposals, recognising that to fulfil their potential and address market failures suppliers and

Funding is based on the idea that supply chains might require a combination of investment in capital equipment, associated research and development and improved skills and training support. Suppliers are being encouraged to submit joint proposals that demonstrate potential to strengthen and provide better join-up across whole supply chains.