Manufacturers in the West Midlands are set to reach new heights after new funding was released to the Manufacturing Advisory Service.
The West Midlands European Regional Development Fund has allocated £2.2 million to MAS to create a variety of new jobs for the region and aid growth.
The ERDF programme will be used to assist a further 390 manufacturers and for the first time, MAS will be able to provide ‘transformational’ support worth up to £10,000 to help companies looking to significantly grow by entering new markets, develop products or implement strategic change projects.
"We are increasingly seeing new opportunities coming online through re-shoring and major inward investment into the UK and we need to ensure our SMEs are in a position to take advantage of them,” said Lorraine Holmes, MAS Area Director.
"This is where MAS comes into the equation and the fact we can offer even bigger ‘transformational’ support will allow us to make even more of a difference to SMEs in the supply chain.”
Under the additional ERDF funding, manufacturers will receive an in-depth business review from a specialist MAS advisor, who will help them develop an action plan that can be used to determine the level of financial support they are eligible for.
The attention will be directed toward strategic change projects that result in significant process improvement, supply chain development, diversification and, ultimately, result in job creation.
To increase the number of jobs and level of employment in the West Midlands, the programme focuses on four main priorities:
• Priority 1: Promoting innovation and research and development
• Priority 2: Stimulating enterprise development
• Priority 3: Achieving sustainable urban development
• Priority 4: Developing inter-regional activity
Funded by BIS (Department for Business, Innovation & Skills), MAS provides small West Midlands based manufacturing businesses the support that they need in order to grow and progress.
Since its launch in 2002, MAS has proven to be hugely successful and after working with an excess of thousands of companies, it now plays a vital role in helping manufacturers in England to share knowledge, improve productivity and achieve success in an increasing competitive global economy.
To take advantage of the new support, firms should contact 0845 658 9600 or visit www.mymas.org
MAS is delivered in the region by the West Midlands Manufacturing Consortium and funded by the Department for Business, Innovation & Skills.