North East businesses will benefit from the launch of a new multi-million-pound programme aimed at those who wish to diversify, broaden their customer base and unlock new market opportunities.
Supply Chain North East will see four key partners joining forces to work with over 800 businesses between 2018-2021 supporting businesses to identify opportunities in new and existing markets.
An integral part of the North East Growth Hub, Supply Chain North East will be delivered across the region by RTC North, Generator, North East Automotive Alliance (NEAA) and North East Process Industry Cluster (NEPIC).
Colin Bell, business growth director at the North East LEP and leading the North East Growth Hub, said: “Supply Chain North East has been created to enable more collaboration across multiple sectors. For example, often we see smaller businesses wanting to work within manufacturing or automotive but don’t know how to penetrate the market.
“Through this programme and the partners’ vast networks, we can give valuable advice delivered both at events and via one to one support to help them on that journey.
“A key benefit that businesses will gain is that they will build more diverse revenue streams, reducing reliance on a few customers and markets, which is particularly important with Brexit on the horizon.
“With new supply chain prospects in the North East, such as the £500m Nexus Fleet Replacement Programme and opportunities further afield, this initiative has been designed to ensure our region's businesses are well placed to grow their customer base, strengthen supply chain management and diversify their products and services.
“Supply Chain North East also focuses on helping businesses make the most of new technology to drive higher profits, productivity and innovation in new products and services.”
Alan Whittaker, programme manager of Supply Chain, added: “We’re delighted to be delivering a programme that can make a real difference to local businesses in the North East by tapping into national and international opportunities
“All partners involved in delivering this programme offer businesses access to a vast amount of expertise and wealth of experience. It’s the strength of this partnership that will ensure Supply Chain North East helps businesses to thrive and succeed.”
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