Businesses across Devon and Somerset are being urged to bid for funds from millions of pounds worth of fresh Government funding.
A new cash fund worth £125 million has been launched which will benefit manufacturers looking to fund supply chains for their work.
The government’s Advanced Manufacturing Supply Chain Initiative (AMSCI) aims to enable existing supply chains to grow and become world class, whilst also encouraging new suppliers to establish operations in the UK.
The fund is a major opportunity for UK manufacturing to become more self-sufficient, improve logistics, as well as quality and delivery issues.
Heart of the South West (HotSW) Local Enterprise Partnership (LEP) said that the fund gives companies across the area a good chance to get financial support.
Chair of HotSW Tim Jones said: “This is a fantastic opportunity for companies who are looking to grow – whether you are a prime or a supply chain manufacturer, this funding could be for you, but you will need to act quickly as the closing date is 13th June 2012.
“It may also be possible to find potential partners and endorse bids, which will undoubtedly be of benefit during the successful bid awarding process.”
AMSCI is being funded by the Regional Growth Fund and the Department for Business Innovation and Skills.
For more information on AMSCI and to apply for funding, visit http://www.innovateuk.org/content/competition/advanced-manufacturing-supply-chain-initiative.ashx – the closing date for applications is 13th June, but applicants are being encouraged to submit their applications prior to this date.
Notes to Editors:
For more information, contact Liz Waugh or Julie Everett at Coast Communications on 01752 847135 / 07966 388921
Heart of the South West
The Heart of the South West Local Enterprise Partnership (LEP) has been formed under the leadership of the private sector supported by the local authorities from Devon, Plymouth, Somerset and Torbay and the area’s District Councils. It is one of 39 partnerships created since the Government’s Local Growth White Paper published in October 2010. More information about the work of the LEP is available from the website www.heartofswlep.co.uk.