Manufacturers in the West Midlands are set to receive a major boost with news that over £2.2 million has been secured to help them expand and create jobs.
The Manufacturing Advisory Service (MAS) has acquired the funding from the West Midlands European Regional Development Fund Programme and will be using the additional money to assist a further 390 manufacturers across the region.
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, developing products or implementing strategic change projects.
Lorraine Holmes, area director for the Manufacturing Advisory Service, explained: “This funding is excellent news and reinforces our ability to give specialist advice and guidance that unlocks the potential of manufacturers in the West Midlands.
“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.”
She continued: “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.”
The Manufacturing Advisory Service is delivered in the region by the West Midlands Manufacturing Consortium and funded by the Department for Business, Innovation and Skills.
