Support boost worth £1.89m for West Midlands manufacturers
More than 130 manufacturers from the West Midlands have been urged to tap into a £1.89m funding pot as part of the Manufacturing Advisory Service's Supply Chain Conference at RAF Cosford.
Manufacturing SMEs from across the region were given an insight into the support available between now and March 2015, with the view to helping them enter new markets, encourage innovation, boost international trade and create new jobs.
Firms can access a host of grants that range from small improvement plans to £10,000 of funding towards major transformational projects that have the potential to achieve 20% growth.
Delegates heard how nearly £500,000 had already been committed to 80+ firms and the total assistance has the potential to safeguard or create in excess of 1200 jobs.
Lorraine Holmes, MAS area director for the North and West, said: "The £1.89m we have left – a combination of the ERDF Growth Programme and core Government funding - can really unlock potential and provide the transformation some manufacturers are striving for."