The UK Government has announced a new research and development competition for UK manufacturers. The competition, which has been backed by £30 million pounds worth of funding, has been established in a bid to improve productivity and agility in UK manufacturing.
UK manufacturers wanting to adopt the latest digital technologies have been bidding in the new £30 million R&D competition, which opened on Monday 22nd July 2019, through the Governments modern Industrial Strategy.
The competition is part of the Manufacturing Made Smarter challenge which has been set up to encourage the development of industrial digital technologies.
The Manufacturing Made Smarter Challenge will:
- Encourage digital technology companies to engage in manufacturing therefore boosting productivity and competitiveness in the market. Sir Mark Walport believes in providing this platform “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.”
- Provide the platform for companies of any size to participate in exhibiting their knowledge and capabilities.
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.”
The challenge not only supports the transformation of UK manufacturing by encouraging innovation and entrepreneurialism but it also opens up an avenue for more skilled jobs in the future.