New funding worth more than £6m has been awarded to five automotive and aerospace businesses in Coventry and Warwickshire.
The companies, which have created 225 jobs as a result of the funding, received the grants and loans from the West Midlands and Liverpool City Region Programme as part of the Advanced Manufacturing Supply Chain Initiative (AMSCI).
They are: Exhall-based ADV Group, B2 Automotive Components in Little Heath Industrial Estate, Marrill in Red Lane north of the city, CFS Aeroproducts in Baginton and Innovate 2 Make on Leamington Spa's Tachbrook Park Industrial Estate.
Businesses were targeted in four local enterprise partnership (LEP) areas in Coventry and Warwickshire, Greater Birmingham and Solihull, the Black Country and Liverpool City Region.
Karl Eddy, vice-chairman of the Coventry and Warwickshire LEP, said AMSCI had made a real difference to the five businesses.
He said: "The entire funding pot for the four LEPs was £19 million and businesses within our LEP area received a total of £6.2 million.
"The grants and loans will support businesses buying capital equipment, pursuing research and development activities, and training and skills development which are all designed to improve the size, quality and global competitiveness of the advanced manufacturing supply chain sector across the UK.
"The funding has enabled the five businesses in Coventry and Warwickshire to create 225 jobs in the automotive and aerospace industry as well as safeguarding a further 41 jobs.
"AMSCI was designed to encourage closer collaboration of at least two advanced manufacturing businesses operating in the same supply chain.
"As well as encouraging closer working relationships between companies who have skills which complement each other, it is important we lay the foundations for the future in teaching these valuable skills to the next generation as well as safeguarding jobs for today's workforce."
