Process and product innovation will be vital if the UK Metals Industry is to grow and thrive. However, research shows many companies, and SMEs in particular, do not value research and development (R&D). This is due to the cost, the perceived high rate of failure and the lack of quick returns on investment.
To achieve the Industry’s 2030 vision, a forward-thinking, collaborative approach to R&D needs to embed innovation throughout the industry, from the smallest company to the largest organisation.
To realise its vision of innovation, the UK Metals Industry has developed a three-part action plan to address risk aversion among SMEs, to encourage better coordination and to build strong connections across the sector.
The UK Metals Industry will seek proposals regarding better funding frameworks for large-scale breakthrough technology demonstrations. Where necessary it will work with other sectors and seek cross-sector opportunities for clustering, for example for Carbon Capture and Storage (CCS).
To encourage innovation, commitments sought from policymakers may include:
To promote innovation, it is envisaged that an SME pilot scheme will be launched by the end of 2015, with some 20 SMEs being supported through additional industry’s initiatives
19/11/18 - First Foundry Apprentices start in the new National Foundry Training Centre
Institute of Cast Metals Engineers (ICME) National President, Trevor Ayre FICME, was delighted to welcome the first group of Foundry apprentices to the new National Foundry Training Centre this week for their first full block of teaching.
13/11/18 - Future Proofing for Exporters: UK Metals Council meeting.
The UK Metals Council (UKMC) had a very successful meeting early in November, hosted by TWI at their premises in Cambridge, and representatives from 10 Trade Associations in UK metals sector attended.
18/10/18 - ELITE CENTRES LAUNCHED TO BOOST UK MANUFACTURING REVIVAL
The new £12.5 million Elite Centre for Manufacturing Skills (ECMS) has been officially opened by journalist and television presenter, Steph McGovern, marking a significant investment in the future of high-value manufacturing and the metals sector.