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Posted at 16 August 2019
Government Releases £30m fund in bid for Smarter UK Manufacturing
It goes without saying that technology is one of the major drivers in modern UK manufacturing, with the need for continuous advancements vital to ensuring the development of how we live and work. But as with all new technology comes resource and cost, and that's why the UK Government has introduced the Industrial Strategy Challenge Fund (ISCF) in a bid to aid progress.
Setting the bar high, the Manufacturing Made Smarter Challenge is hoping to increase productivity by 30% by 2030, through placing significant investment, in the form of £30 million, in projects that support industrial digitalisation.
Combining a world-class research base with Britain’s best businesses, we’re hoping to put the UK in it’s best position for years, ready to take advantage of market opportunities in the future.
Rapid technology development
Achieving short-term impact and rapid technology development through industrial digitalisation is the goal – and it’s open to a wide range of industry sectors, from food and beverage, aerospace and pharmaceutical.
And best of all, the competition isn’t limited. Any manufacturer can apply for a share of the fund, but under one condition – they must be able to demonstrate that their project can be utilised in two other sectors, as well as their own.
Projects should fit into one of the following categories:
- Smart connected factory
- Connected and versatile supply chain
- Design, make, test
- Adaptable, flexible manufacturing
For further information, or to begin your application, CLICK HERE. But you need to act fast as the competition closes on 28th August 2019 at midday.
Want to read more...?
Why not take a look at the latest edition of our magazine, Know+How, packed with the latest industry news, reliability improvements and best practice
Reliability is a buzzword that is seemingly always on the tip of industry tongues, but it’s clear that businesses need to be more proactive in their attempt to maximise their assets.
In this issue, we look beyond equipment, but at processes, systems, strategy and communication.
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