3M BIC tenant Leeds City Region (LCR) Supply Chain Programme celebrated a huge milestone in May by achieving a total of 200 business projects agreed to date.
Established in September 2018, the programme has run successfully through its flourishing team of nine, supporting businesses in the manufacturing sector to grow and develop their supply chains.
Throughout the duration of the business support service, the LCR Supply Chain Programme has continued to not only meet but over-perform against its contracted targets. To date, it has seen a high volume of completed and ongoing projects, with the number of enterprises receiving support currently at a total of 208, and the number of enterprises receiving grants at 203, with an overall grant value of £639,200.
The programme strives to achieve private investment, which at least matches the value of the public support (grant). This goal is also performing ahead of target, with private investment equalling £899,166.
Within the enterprises supported by the LCR Supply Chain Programme, recorded data suggests a contribution to growth and development within the industry; employment increase is at 56%, consequently creating over 300 new jobs to date, and the number of enterprises supported to introduce ‘new to the firm products’ is tracking vastly ahead of target, at 413%.
Steve Gregory, Programme Director, said: “I’m extremely happy to see the programme thriving. It has been, and continues to be, so important for us to support businesses in the region. Our latest figures demonstrate successful performance, thanks to a combined effort from the advisors and team.”
Harry Govan, Compliance & Administration Manager, adds: “Taking into consideration our current statistics, and the rate we are progressing, I’m confident that we’re comfortably on track to hit all of our targets.”
The 200th project accolade goes to The Poured Project, providers of bespoke concrete designs for residential and commercial interiors that are handmade in Yorkshire. Peter McDowell, the lead advisor on the project, said, “It is great to be working with The Poured Project, particularly as they are such an innovative business. We’re happy that we can support new product development and contribute towards their further success.”
The Poured Project is the shared passion of a small team of experts in concrete production founded by Andy Pedley. Their family-run, Yorkshire-based studio creates exceptional concrete basins, and other pieces for residential and commercial interiors.
Andy Pedley, Founder of The Poured Project, added: “We are passionate about the products we make and are continually looking to innovate with new products. The project undertaken with support from the Supply Chain Programme is to engage with an external consultant who will help us to prepare the data required to protect the Intellectual Property associated with a new product that we have in development.”
More information about the LCR Supply Chain Programme can be found here.