Manufacturing event to highlight £55m funding

Manufacturing event to highlight £55m funding

A £55m boost for manufacturing in the region is to be discussed at a masterclass event next week hosted by the Advanced Manufacturing Forum (AMF).

The AMF, which acts as the voice of North East, will highlight the current challenges faced by UK companies and how they can be solved, as well as sharing details of the multi-million grant fund.

Ian Fawdon, chairman of the Advanced Manufacturing Forum, said: “We always try to base our events around topical issues, issues that are affecting manufacturers in the North East right now.

“To sustain a thriving manufacturing market companies have got to help each other and listen to each other, and we are here to help facilitate that and ensure that the information is passed on.”

Speeches will be lead by high profile North East businesspeople, including one of the region’s biggest employers, Sevcon; Alastair Wilson, of Tait Walker, will speak about the current £15m grant fund for manufacturers from Innovate UK; and Chris Shaw of Close Brothers will announce the £40m fund it is managing for plant and machinery.

“We were delighted when Sevcon decided to come on board,” Fawdon added.

“They are a hugely successful company in the area, manufacturing electric-powered vehicles from fork-lift trucks to electric-powered sports cars, as well as designing and making high quality AC and DC motor controllers and system components that impact the way people travel, work and live.

“A lot can be learned for the way they operate, how they have overcome previous struggles, and how they are planning to overcome challenges currently faced by many companies in the region and across the UK today.”