Funding Call launched for £14 million fund to help firms compete globally.

 

The Advanced Manufacturing Challenge Fund (AMCF) invites public bodies, academic organisations and third sector organisations to enhance their existing equipment and training services to help businesses develop their manufacturing capabilities.

 

Grant funding will be distributed through competition, to support the creation of a national network of regionally-based initiatives.

 

The overall aim of the AMCF is for projects to be of a scale and level of ambition to have a significant impact on advancing the manufacturing capabilities of SMEs within Scotland and lead to long-term transformational change.

 

To launch the first funding call, Economy Secretary Derek Mackay visited Optos in Fife, a leading medical technology company that designs, develops and manufactures ultra-widefield retinal imaging devices.

 

Mr Mackay said:

“Scotland has an innovative and diverse manufacturing sector with world-class companies competing in international markets. However we need to make sure businesses of all sizes have the right tools and resources to lead the way in this rapidly evolving marketplace.

“This £14 million fund will provide free support to help small and medium sized businesses advance their research, develop new processes or products, and make their systems more efficient and effective. It will help to address some of the challenges manufacturers face when it comes to tapping into global markets, and provide access to training for their workforce.

“This investment will support our ambitions for Scotland to be a country inventing, designing, developing and manufacturing key products and technologies that will drive the world in decades to come.”

 

Information sessions are being held to help potential applicants on Tuesday 4th June in Edinburgh and Friday 14th June in Inverness.

 

More details on the information sessions and on how to apply are available here.

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