Manufacturers across the North East are being urged to tap into grant funding and fully-funded technical support to help their businesses innovate and grow.
The Sustainable Advanced Manufacturing Project (SAM) was launched in 2018 to help businesses become more productive and sustainable by supporting projects that enhance their products, processes and technology.
Since then, the programme – which was originally due to end in December 2020 – has proved a huge success, providing over £1 million in matched-funding, as well as practical and research support to over 200 SMEs across the region and is set to continue supporting the sector after securing a further £6 million, taking it to June 2023.
The pioneering initiative was originally part-funded by ERDF – with a £2.6m commitment – and the University of Sunderland and industry, which invested £2.5m, and is aimed solely at small and medium sized manufacturers (under 250 employees) based in the North East LEP area, with an annual turnover of less than €50m (£45m approx.)
The project offers a range of assistance – tapping into significant academic resources, a team of industrial specialists and five distinct factories with more than £1m worth of equipment – to offer both practical and research support, ensuring businesses can access a knowledge bank comprising some of the industry’s brightest brains and most advanced technology. This extension has also seen SAM’s Technical Research and Development team grow, to offer even greater specialist industry support to companies.
Roger O’Brien, Research and Technical Lead at the SAM Project, said: “The first phase of the SAM Project was a huge success and we were delighted when we heard that the project was to be extended. Over the last two years, we’ve provided funding and support to hundreds of businesses and have witnessed first-hand the impact this has had, from safeguarding and creating jobs to transforming entire production lines.
“Since the pandemic hit, the impact it has had on the nation’s manufacturing sector has been catastrophic. However, it has also provided opportunities such as re-shoring and bringing back in-house previously sub-contracted works, as well as business diversification. Now, more than ever, manufacturers need our support and this funding boost will go a long way to helping many of the region’s SMEs adapt and grow as we look to re-emerge from this crisis and keep Britain’s economy moving.”
In phase one, the SAM Project provided matched-funded grants of up to £50,000 to SMEs across the North East LEP area for capital, product validation, equipment and other financial inhibitors to drive the strategic development of both product and process. This has continued in phase two, with an additional £1 million being put into the grant pot, together with some tweaks to the intervention rates (now at 25% in Tyne and Wear and Northumberland and 35% in County Durham).
An independent report commissioned to explore the impact of phase one also revealed that the programme helped create 270 jobs and added over £47 million in gross value to the regional economy. It was also revealed that SAM’s impact on innovation and new product development meant that the average TRL (Technology Readiness Level) – the scale on how new products are measured as being close to market launch – was a staggering 3.9 steps, with some clients jumping from Stage 2 up to Stage 9 due to SAM support.
“Our fully-funded technical advice and support is what really makes the SAM Project stand out from your traditional business support schemes,” Roger adds. “While there are many other grant funds out there to help businesses grow, there are very few – if any – which offer the intensive, personalised technical support that we do.
“Combined, our nine experts boast over 250 years’ experience working for an array of businesses, from blue-chip manufacturers to start-ups, with each of them specialising in their own individual disciplines, from additive manufacturing to automation and robotics, AR/ VR, electronics and process improvement, to name just a few.”
Roger concluded: “If you’re an SME manufacturer, then the engineers, researchers, grants and access to capital are here to help you adapt to the inevitable process changes facing us post-pandemic and to help take your business to the next level.
“Programmes like this are pivotal to ensuring the North East continues to lead the way in product, process and technology innovation – and we can’t stress enough how important it is that manufacturers get on board.
“There is only a set amount of money and technical support available, therefore – following the huge success of phase one – early registration is highly recommended.”
For more information on the Sustainable Advanced Manufacturing (SAM) Project, visit: https://samprojectuos.co.uk/