The Department for Business, Energy and Industrial Strategy has awarded the Sharing in Growth (SiG) programme a £6 million contract to help UK manufacturing and engineering companies compete more successfully in the global aerospace market.
Business Minister Nadhim Zahawi said: “Sharing in Growth continues to deliver excellent results –boosting productivity, creating quality jobs and helping UK companies take a leading role in the global aerospace market.
“This is an important programme for the UK’s world-leading aerospace sector, securing more than £4 billion in contracts and contributing to our exporting strength. That’s why we’ve extended our support for the programme by £6 million and I look forward to seeing the UK’s manufacturing and engineering companies go from strength to strength.”
Established in 2013, the award-winning programme has supported more than 60 companies with some 10,000 employees and, with the increased funding matched by private investment, can now offer 36-month programme places valued at over £300,000 per year to each beneficiary company.
The programme has already helped companies secure more than £4 billion in contracts and the additional funding aims to net a further £400 million.
SiG offers ambitious aerospace suppliers the opportunity to make sustainable improvements to their leadership, culture and operational capability. The programme’s 100 business coaches, backed by a bank of world-leading experts, help companies tackle their individually diagnosed barriers to growth and, for many, double their turnover. An independent, not-for-profit programme, Sharing in Growth is supported by the Regional Growth Fund and by more than £150 million in private investment.
