Swindon & Wiltshire Business News

£16m set aside to help businesses in Honda supply chain

Millions of pounds of government cash have been set aside to support and develop business in Honda's supply chain.

The National Manufacturing Competitiveness Levels Programme was announced by business secretary Greg Clark at a meeting of the Honda Task Force last week.

The meeting also heard that Swindon could be at heart of future electric car manufacturing.

The new £16m National Manufacturing Competitiveness Levels programme will offer support to small and medium-sized businesses across the country, starting with those in the Honda supply chain, who sell to the automotive sector.

Suppliers will be given advice on how best to evolve their products and processes to meet their customers’ future needs, looking from the shop floor to the boardroom.

This could include training for specialist staff, advice on the latest technologies available or help on accessing business loans to help them invest for the future.

Businesses supplying Honda UK also had a specialist session with representatives from the Departments for Business, Energy and Industrial Strategy, and for International Trade, about potential opportunities to compete and grow new business both in the UK and internationally.

This will be further supported by the government and the Society for Motor Manufacturers (SMMT) by providing supply chain companies with access to Meet the Buyer event. The event is the UK automotive sector’s largest buyer supplier matching event.

Business secretary Greg Clark said: "All of us on the Honda Swindon Taskforce are determined to keep pressing the case for Honda to remain in the UK, while at the same time continuing to promote Swindon globally as a leading region for advanced manufacturers to invest in - with the expert companies in Honda’s supply chain a key part of Swindon’s offer.

"Today’s meeting was an opportunity for local suppliers to meet task force representatives, as well as take part in a specialist session with my department and the Department for International Trade to identify opportunities to grow and compete here in the UK and overseas.

"In support of the Honda and UK wide automotive supply chain I’ve launched a new £16 million programme designed to specifically support SME businesses in the automotive supply chain.

"We design and manufacture world beating components and technology solutions and this new program will ensure our supply chain sector remains at the top of their game, both here in the UK and internationally, by keeping up with the latest technological developments, backed by dedicated support and advice to make the most of our supply chain expertise and specialisms."

The Honda Swindon Taskforce brings together the government, civic leaders, local MPs, Honda workers, Unite the Union and sector representatives.