Made Smarter passes milestone of 100 companies helped
Made Smarter, the movement helping SMEs join the Industry 4.0 revolution, has reached a major milestone having now funded more than 100 businesses, including 36 in Lancashire.
The North West technology adoption pilot is working with small and medium-sized manufacturers to help them introduce digital tools and technologies to help boost productivity and growth, as well as navigate the impact of Covid-19.
Almost 950 SME manufacturers have secured support, including specialised advice and £2.5M of funding, since the launch of Made Smarter 18 months ago.
This support includes expert, impartial technology advice, digital road-mapping workshops to help manufacturers take their first steps to transform their business, leadership development programme developed in partnership with Lancaster University, and funded digital technology internships.
104 of the businesses have now secured matched funding for 115 projects and are forecast to deliver an additional £100M in gross value added (GVA) for the North West economy over the next three years.
The latest Lancashire SMEs to secure funding include: Addison Projects of Thornton, Lansdale Nurseries, Ormskirk, J Wareing and Sons, Preston, Woven Art , Clitheroe and Flavourfresh Salads of Banks.
Donna Edwards, programme director for the Made Smarter North West pilot, said: “Reaching 104 business and 115 funded projects is a fantastic achievement - and there is much more to come.
“Over the last 18 months the Made Smarter team has engaged with hundreds of makers from every corner of the region offering specialist advice about the benefits to adopting new digital technology.
“I am thrilled that so many firms of all sizes have tapped into our expertise to help them select the right approach for their business, how much to invest and which technologies will bring the greatest benefits.
“The coronavirus pandemic has had a significant impact on manufacturing and resulted in widespread repercussions for the economy. Manufacturers have reacted and adapted to the different circumstances they find their businesses facing and technology has been at the heart of that response."