AMSCI National Briefing Event.
Fri, 22 March 2013
In December 2011 the Secretary of State announced the creation of the Advanced Manufacturing Supply Chain Initiative. Up to £125 million was made available through the first two rounds of the initiative to improve global competitiveness of UK advanced manufacturing supply chains by supporting innovative projects where the UK is well placed to take a global lead.
There was high demand from companies in both Rounds One and Two of the initiative with over 70 bids with a total funding ask in excess of £300M received. Successful bids from Rounds 1 and 2 are projected to create of safeguard over 18,700 jobs.
We are proud of what has already been achieved through AMSCI and want to build on these successes. Over the next four years there is also a real opportunity to create more competitive supply chains that anchor high value work in England, and generate new employment opportunities - and that is why we have decided to hold further rounds of the initiative.
Additional funding of £120M for two further AMSCI rounds was announced in the 2012 Autumn Statement. This will support research and development , skills training, and capital investment to help UK supply chains achieve world-class standards and encourage major new suppliers to locate in the UK.
The new rounds will be based around a single funding pot, and will be open to applications from all organisation operating as part of a manufacturing supply chain. Applicants who were previously unsuccessful in AMSCI Rounds 1 and 2 are also welcome to apply with improved versions of their project proposals.
The department For Business, Innovation and Skills, the Technology Strategy Board and Birmingham City Council are working together to deliver the initiative.
Information issued by BIS