£30m research and development competition for UK manufacturers
The government has launched a £30m competition as part of the Manufacturing Made Smarter initiative to encourage UK manufacturing to focus on the development and integration of industrial digital technologies. The aim is to inspire and support companies of all sizes to develop new digital capabilities to ensure that the UK remains at the forefront of technological developments. For more information on this subject please read the news bulletin below which was issued by Insider Media Ltd today.
Roger Mundy, Managing Director, Beardsley Theobalds, 24th July 2019
£30m funding competition launched for UK manufacturers
UK manufacturers are now able to bid for a new £30m research and development competition which has been launched by the government. The scheme is aimed at companies wanting to adopt the latest digital technologies.
The competition is part of the Manufacturing Made Smarter challenge to support the transformation of UK manufacturing by encouraging the development and integration of industrial digital technologies.
Business secretary Greg Clark said: "We want to support companies of all sizes who want to develop new digital capabilities, and will support projects that will help ensure the UK remains at the forefront of technological developments.
"Through Made Smarter and our modern Industrial Strategy we are committed to making sure manufacturers are best placed to take advantage of the opportunities being created by industrial digitalisation and help our leading advanced manufacturing sector continue to grow."
UK Research and Innovation chief executive Prof Sir Mark Walport added: "The Manufacturing Made Smarter challenge will boost the productivity of UK manufacturing by encouraging the adoption of digital technologies across a wide range of sectors."It will ensure the long-term prosperity of UK manufacturing and contribute to an increase in total productivity, making the UK a global leader of the 4th Industrial Revolution and delivering clean growth."