University support boosts West Midlands economy by £450 million – For every £1 invested, £22 returned to the local economy

WMG at the University of Warwick has boosted the West Midlands economy by £450 million – with every £1 invested into WMG’s small and medium enterprise (SME) programmes, around £22 has returned to the local economy.

Celebrating 20 years of tailored business support, WMG has delivered manufacturing expertise to 15,000 SMEs in the Midlands. It has supported the creation of more than 13,000 jobs, 350 new businesses and 355 internships over the last two decades.

WMG has delivered critical projects to SMEs to help them succeed in digitalisation, business change and product design. A key ongoing project is helping SMEs mange the energy crisis with a specialised toolkit and tailormade roadmaps to help organisations reach Net Zero.

As a High Value Manufacturing Catapult (a government initiative driving manufacturing innovation), WMG is playing a pivotal role in the revival and development of the West Midlands and the wider UK manufacturing base.

Dr Mark Swift, Director of SME Engagement at WMG, University of Warwick, said: “Our work over the last 20 years has shown that targeted, high value support can help SME manufacturers accelerate growth, improve productivity, and create jobs.

“It is vital that we continue to be a guiding force to help businesses implement new technologies, develop their teams, and continue to innovative and prosper. We have an important legacy to protect and continue and I am delighted to lead a team of industry experts working tirelessly to do just this.”

Adrian Williams, Managing Director, Pashley Cycles, said: “Working with WMG over the years has given Pashley the opportunity to take advantage of skills, expertise and facilities which we would never otherwise have access to. This is really helping us create robust and reliable, yet lightweight products which we’re confident will give us a competitive advantage in the market.”

 

Peter Davies, Co-Chair of the Manufacturing Assembly Network and CEO of James Lister & Sons, said: “WMG has been an outstanding source of advice, guidance, support and access to funding opportunities for all members of the Manufacturing Assembly Network (MAN).

“The specialist assistance has helped us unlock innovations, bring new services to market, achieve efficiency gains and, in more recent years, accelerate our move towards sustainable manufacturing and taking advantage of the green economy.

“WMG ‘gets’ manufacturing and what we need and is happy to work with us to achieve an outcome that works for all parties.”

 

Founded by the late Professor Lord Kumar Bhattacharyya forty years ago, WMG began offering tailored support to SMEs in the Midlands in 2004.

 

Notes to Editors

 

WMG, University of Warwick

WMG is a world leading research and education group, transforming organisations and driving innovation through a unique combination of collaborative research and development, and pioneering education programmes.

 

As an international role model for successful partnerships between academia and the private and public sectors, WMG develops advancements nationally and globally, in applied science, technology and engineering, to deliver real impact to economic growth, society and the environment.

 

WMG’s education programmes focus on lifelong learning of the brightest talent, from the WMG Academies for Young Engineers, degree apprenticeships, undergraduate and postgraduate, through to professional programmes.

 

An academic department of the University of Warwick, and a centre for the HVM Catapult, WMG was founded by the late Professor Lord Kumar Bhattacharyya in 1980 to help reinvigorate UK manufacturing and improve competitiveness through innovation and skills development.

 

About High Value Manufacturing Catapult (HVMC)

The University is one of seven HVMC centres driving innovation and business transformation for the manufacturing industry.

The HVMC aims are:

• Growing manufacturing businesses and the contribution of the manufacturing sector to the UK economy
• Investigating innovative technologies or scaling-up new products and processes to prove they have achieved manufacturing readiness
• Working with academic partners to build on research at universities and research establishments in the UK and beyond, and using our expertise to help shape and deliver UK manufacturing policy
• Working with UK Government and others to develop high quality training provision to meet industry standards

Media contact

University of Warwick press office contact:

Annie Slinn 07876876934

Communications Officer | Press & Media Relations | University of Warwick Email: annie.slinn@warwick.ac.uk

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