A £16 million funding programme is being launched to support UK automotive suppliers, such as those affected by the planned closure of Honda’s car factory in Swindon.
Small and medium-sized businesses (SMEs) across the country will qualify for assistance, starting with those in the Honda supply chain, who sell to the automotive sector.
The new National Manufacturing Competitiveness Levels Programme will help suppliers remain at the cutting edge of their industries, with advice on the training and funding opportunities available, and support to make the most of the latest technologies.
Suppliers will also be given advice on how best to evolve their products and processes to meet their customers’ future needs, looking from the shop floor to the boardroom. This could include training for specialist staff, advice on the latest technologies available or help on accessing business loans to help them invest for the future.
Business Secretary Greg Clark said:
“In support of the Honda and UK wide automotive supply chain I’ve launched a new £16 million programme designed to specifically support SME businesses in the automotive supply chain.
“We design and manufacture world beating components and technology solutions and this new programme will ensure our supply chain sector remains at the top of their game, both here in the UK and internationally, by keeping up with the latest technological developments, backed by dedicated support and advice to make the most of our supply chain expertise and specialisms.”
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