News: £50m to continue the Manufacturing Advisory Service
The Government has announced that they are investing £50m over three years in the Manufacturing Advisory Service (MAS) which provides a highly valued advice service to industry making SMEs more productive and competitive.
The announcement came as Business Minister, Mark Prisk launced a review into Advanced Manufacturing.
Mark Prisk said: "I am pleased to announce that we are investing £50 million over three years in the Manufacturing Advisory Service so it can continue giving the support SMEs need to become more productive and competitive.
"While recent statistics have shown the future is bright for manufacturing the job losses announced by BAE systems yesterday show that there remains challenges that the Government will need to work with industry to address."
The Manufacturing Advisory Service (MAS) has been a huge success since its launch in 2002. MAS now plays a vital role in helping UK manufacturers to share knowledge, improve productivity and achieve success in an increasing competitive global economy.
With a base on the Advanced Manufacturing Park in Rotherham, the Yorkshire and Humber MAS is the best performing MAS in the country; delivering £170m of additional gross value added in the companies it has assisted to date.
The service is managed in the region by YFM Business Development and has been jointly funded by Yorkshire Forward and the European Regional Development Fund (ERDF).
With a reduction in funding, MAS Y&H submitted a business plan ealier in the year in a bid to secure £1m of ERDF funding to enhance the service until 2012.
MAS Y&H website
Images: mas-yh.co.uk
The announcement came as Business Minister, Mark Prisk launced a review into Advanced Manufacturing.
Mark Prisk said: "I am pleased to announce that we are investing £50 million over three years in the Manufacturing Advisory Service so it can continue giving the support SMEs need to become more productive and competitive.
"While recent statistics have shown the future is bright for manufacturing the job losses announced by BAE systems yesterday show that there remains challenges that the Government will need to work with industry to address."
The Manufacturing Advisory Service (MAS) has been a huge success since its launch in 2002. MAS now plays a vital role in helping UK manufacturers to share knowledge, improve productivity and achieve success in an increasing competitive global economy.
With a base on the Advanced Manufacturing Park in Rotherham, the Yorkshire and Humber MAS is the best performing MAS in the country; delivering £170m of additional gross value added in the companies it has assisted to date.
The service is managed in the region by YFM Business Development and has been jointly funded by Yorkshire Forward and the European Regional Development Fund (ERDF).
With a reduction in funding, MAS Y&H submitted a business plan ealier in the year in a bid to secure £1m of ERDF funding to enhance the service until 2012.
MAS Y&H website
Images: mas-yh.co.uk
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