Partnership working vital for Future Mobility supply chains

Organisations throughout Coventry and Warwickshire must continue to work closely together to secure funding to accelerate the growth of Future Mobility supply chains, according to a new report.

In the Autumn Statement, the Chancellor announced £4.5 billion of funding for manufacturing, including £2 billion for the automotive sector and strategic capital investments, Research & Design, and supply chain development programmes especially for Low Emission Vehicles and their batteries.

Craig Humphrey, Chief Executive at Coventry and Warwickshire Growth Hub, believes it is vital that partners in Coventry and Warwickshire have a joined-up approach to safeguard the long-term success of local sustainable supply chains for Low Emission Vehicles, batteries and other related Advanced Manufacturing and Transport.

This, and other recommendations following the Autumn Statement, are under the spotlight in this month’s SmartRegion report, which contains findings from research and engagements contributed to by the Coventry and Warwickshire Growth Hub, Warwickshire County Council, Coventry City Council, and other local and national business support organisations.

Craig said it is crucial that Coventry and Warwickshire partners continue to work effectively with the West Midlands Combined Authority to make the most of the West Midlands Investment Zone which locally will be created around the site of Coventry Airport to encourage businesses to invest in the area.

He said: “In the short-term, the announcements in the Autumn Statement need to rapidly deliver significant outcomes to kick-start growth in the currently stagnating economy.

“With the Coventry & Warwick Gigapark now formally named as a site for tax incentives and business rate growth retention, it is really important that partners in Coventry and Warwickshire work together to ensure that the Investment Zone’s “flexible funding” package contains suitable provisions for the supply chain, innovation, and R&D.

“This should address barriers to growth in Future Mobility sectors, especially where the region has potentially a strong competitive advantage.

“The production of an Advanced Manufacturing Plan and a UK Battery Strategy is welcome news for Coventry and Warwickshire because it will boost our expertise in these strategically important areas.”

He said the tax incentives announced in the Autumn Statement needed to help stimulate the Green Economy in the near future, along with providing more intensive support for exporters via additional help from the Department for Business and Trade.

Craig added: “The only way to reduce the burden of debt and borrowing within our economy is to accelerate growth and productivity.

“There were 110 measures aimed at boosting economic growth announced in the Autumn Statement but it will take time to see whether they achieve their purpose.”

Made Smarter WM

Made Smarter is a national movement to drive growth amongst UK makers and advance the UK economy. Backed by world renowned businesses and the UK government, it will improve the development and adoption of emerging technologies. Making a real, everyday difference to people from the boardroom to the factory floor.

Find Out More

Looking for work, or have vacancies to fill?

CW Employment Solutions offers a service for job seekers and employers, recruiters and education leavers, to connect, find jobs, post vacancies and access the wealth of support measures that have been implemented across the region.

Click Here to Find out More

News

Growth in the pipeline as Coventry company makes move

The importance of building long-term growth opportunities for businesses

Key promotions made at University of Warwick Science Park as it focuses on growth

Remember to bring your photo ID to vote

New chair of Local Business Forum for the north of Warwickshire

Client testimonials

Without the Growth Hubs help and assistance, we would never have been able to increase our sales & output and also grow our local business. With this help in purchasing new equipment we have expanded our operations and gained a new and increased customer base.

Nuneaton Roof Truss,

Over the past few years, Armstrongs has built up a fantastic relationship with Gary Thyeson from the Growth Hub. His advice on grants and funding has been really valuable to both Armstrongs and some of our clients. His knowledge of local business support has been helpful in signposting us to relevant support agencies as required. We look forward to working with Laura Delahunty moving forwards.

Armstrongs Accountancy LTD,

In the short time since first engaging with the Warwickshire Growth Hub we feel that Laura has understood our vision and has been so very supportive in linking us to the specialist teams who are now supporting us with training, finance and recruitment. A great service that every growing organisation should connect with

MES Systems Limited,

I have had an excellent experience working with Laura from the Growth Hub, from day one, she was taking detailed attention to my concerns and ideas. She was able to put me in contact with different organisations and people to find out answers to my questions and help me to solve some inquiries I was having. I feel this support definitely had a positive impact in my plans.

PALACIOS LTD,

It’s been a fantastic inaugural eight months for the TalentTech Recruitment team and, although the reality of setting up and running a company can be a somewhat daunting experience, we have been extremely grateful for the superb help, advice and guidance given to us along our journey by Gavin Barnett and the team at CW Growth Hub. Gavin’s introductions to both Warwick & Coventry Universities and his wider business network have been absolutely invaluable.

TalentTech Recruitment LTD,

For many individuals out there, it is very hard to figure out ways and know which direction to go when it comes to setting up a business. The challenges of taking your idea and bringing it to life and not knowing where to go and who to speak to for advice. it can get very frustrating..

King of Saffron LTD,

This grant [which we received with the help of the Growth Hub and Coventry City Council] will really help us get on track for business growth and succeed with our vision. Personally, I would also like to thank the team for supporting me through the grant application process. You have been very approachable and attentive throughout.

Exeter Analytical (UK) Limited,

Thank you for the comprehensive and professional guidance

Burbidge & Son Ltd,

Over the years since the Growth Hub was set up we have habitually gone to our Account Manager as a one-stop shop for all business-related information. It has been a really convenient way of finding suppliers, advisors and, on one occasion, we even asked for assistance with finding customers. We are invited to a wide range of business events including business development workshops, Brexit roundtable discussions, seminars on various topics and have also been asked to speak at some events. When we have needed additional information, for example, finding finance sources or help with selecti

Marchantcain Design Limited,

Thanks to CW Growth hub getting us access to grant funding we have been able to invest in the latest computer monitoring system, which will enable us to compete with the national companies within our industry.

Comrie Leisure Limited,