July 24, 2015 – UK Aerospace supply chain companies are being offered the opportunity to benefit from £1.2 million worth of professional business transformation support. The offer comes from Sharing in Growth (SiG), a government-backed team of experts, who are helping 40 companies to drive productivity and become globally competitive. According to SiG, the first 15 companies on the program have to date won more than £350 million worth of contracts.
Companies who meet the qualifying criteria are being invited to a briefing on September 29 at RAF Cosford to hear from companies already on the program about the business benefits. They can also discuss with SiG engineers and business gurus how the four year scheme works and why it is being endorsed by organizations such as Airbus, AugustaWestland, GE, GM Aerospace Bombardier, GKN, Rolls-Royce and aerospace, defense and security trade body ADS.
Financed by the government’s Regional Growth Fund as well as private enterprise, each intensive SiG program starts with a diagnostic assessment to confirm readiness for the program, which is then tailored to a company’s growth enablers.
SiG’s experts tackle areas such as lean operations, manufacturing engineering, procurement and cost and value engineering. To ensure a sustainable and integrated transformation program they also work with delivery partners such as Deloitte, the National Physical Laboratory, the Institute for Manufacturing and Industry Forum to provide training in leadership, strategy, business planning and performance improvement. SiG states that each program is therefore worth over £1 million.
SiG CEO Andy Page explained, “The program is truly intensive in line with the scale of the competitive challenge. It is industry designed and led and so we are already seeing significant returns on investment with the first tranche of beneficiaries and are keen to share the benefits with other UK aerospace suppliers who want to move from being good to being great.
“Sharing in Growth will help secure over 10,000 jobs in the UK and aims to attain £1 billion of annual contract value by making this country’s aerospace companies more productive, competitive and profitable.”
Companies wanting to find out more about the Sharing in Growth introductory event should visit: http://sig-uk.org/