A scheme to help manufacturing businesses grow, launched in the summer of last year by the North East LEP, has already provided growth support to a range of manufacturing SMEs from a multi-million pound turnover printing business to a small new leisure wear business with high-growth potential.
The Manufacturing Growth Programme is aimed at helping manufacturers across the region who aspire to grow their business. As part of the programme, experienced manufacturing business advisers work with senior management teams to identify how to improve performance across all areas of their business operations.
A recent participant on the programme, DSM Fabrications is a £2m turnover business specialising in metal fabrication services, based in South Shields. Working with experienced manufacturing business advisers, senior management were able to create a new plan for growth, identifying three key areas for the business to develop; sales and marketing, succession planning, and market positioning.
David Gracie, managing director of DSM Fabrications, said: “The advisers we worked with from the Manufacturing Growth Service provided us time to step back and think what was required from a strategic point of view.
“The consultancy provided gave us clear advice on where we needed to target our attention as we look to grow the business further.”
The programme is set to continue for another five months and aims to work with more than 80 businesses to create 160 new jobs.
It forms part of the North East LEP’s strategic economic plan to foster growth within key sectors of the economy in order to create more and better jobs. The programme could be extended if the pilot proves successful.
John Barnett, a member of the LEP’s business growth board, said the programme is designed to stimulate the growth of manufacturing businesses across the North East through in-depth one-to-one support from manufacturing growth experts.
He added: “This initiative designed as a sister project to the North East Growth Hub, will be an important and tangible part of our support to businesses in the region.
“As a member of the North East LEP’s business growth board, I would like to see as many small and mid-sized manufacturing businesses with growth ambitions get involved and work with our expert consultants to unlock their potential and drive their continued success.
“Manufacturing capability lies at the heart of this region’s future economic prosperity and I am particularly pleased the LEP is investing in its development.”
The programme is delivered by business support firm BE Group and Improvement Architecture, a specialist business improvement consultancy.
If you are a North East manufacturer and want help to grow, visit www.ne-mgp.co.uk, to access this expert support.