A company visit programme will continue to help businesses in the Midlands improve their processes, and ultimately their profits, thanks to renewed funding f rom Advantage West Midlands.
An extra £50,000 has been allocated to the Inside Manufacturing Enterprise scheme run by Coventry University Enterprises to give businesses the opportunity to share knowledge and experience with manufacturing and engineering organisations.
The money will support the project for six more months.
Laura Costanza of the IME team at CUE, said: "The IME programme has been highly successful, so it's great news that the funding will allow this to continue.
"It is an unrivalled chance for companies to learn how others have dealt with the same challenges they face.
"By supporting businesses through a structured visit programme, the scheme not only raises the industry's profile, but also promotes innovation and enterprise through-out the region."
The programme is designed to give visitor companies an insight into how demonstrator firms have implemented innovative management schemes, met specific challenges and developed processes to keep them one step ahead of the competition.
Each of the demonstrator organisations - drawn from a range of industries and selected for their expertise in areas such as team working, leadership, and customer focus - host a number of half-day visits at their premises, at which they give presentations and site tours.
The Manufacturing Advisory Service helps the visiting company put the ideas they gained into practice.
Long-term support is then given to them through workshop sessions and feedback reports.