To date, the Warwickshire Manufacturing Growth Programme has supported over 80 local companies to unlock barriers to growth through one-on-one coaching, consultancy, free workshops and signposting to other schemes.
Backed by funding from the UK Shared Prosperity Fund (UKSPF), the specialist support is delivered by Oxford Innovation Advice and available until March 2025.
In a statement, Michelle Connor, one of the Manufacturing Growth managers, said: “The way the funding landscape has changed means this is the only dedicated manufacturing programme in Warwickshire.
“Industry requires a tailored approach to business support, and this is exactly what we are delivering, with manufacturing experts helping management teams develop action plans that overcome barriers to growth and access grants for specialist coaching.
“20 projects have already been completed that have resulted in increased productivity and new innovations being brought to market – helping to create and safeguard over 20 jobs. With funding still in place, now is the time for more companies to come forward before the March deadline.”
The Warwickshire Manufacturing Growth Programme is open to SMEs in Warwickshire with fewer than 250 employees and a turnover less or equal to €50m.
Southam-based Trident Hydraulics is one of the first companies to benefit from the scheme, accessing strategic advice to execute a growth plan that will help it move from £1.1m to £1.6m over the course of the next twelve months.
Specialising in hydraulic systems for clients in waste management and oil and gas, the firm is going to use the support to explore ways in which it can release capacity and optimise space at its current facility, whilst also developing energy-efficient hydraulic power packs that align with its goals to reduce its carbon footprint and achieve Net Zero targets.
Michael Owen, director of Trident Hydraulics, said: "I would advise other businesses to reach out for this type of specialist support. We have had help accessing grants and advice that we would not have known about and connections to other likeminded companies has developed a new revenue stream for us."
The Warwickshire Manufacturing Growth Programme is delivered on behalf of Warwickshire County Council, North Warwickshire Borough Council, Nuneaton and Bedworth Borough Council, Rugby Borough Council, Stratford-on-Avon District Council and Warwick District Council.
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