Evaluations of digital transformation initiatives, Cheshire & Warrington 4.0 (CW4.0) and LCR 4.0 Holistic, have discovered that the projects supporting SME manufacturers will collectively contribute an additional £100m of gross value added (GVA) and 489 full-time jobs to the region’s economy.
Over the last two years, the ERDF initiatives, led by the University of Liverpool's Virtual Engineering Centre , have assisted 308
Over half of Cheshire and Warrington’s SMEs surveyed reported an increase in productivity, while 60% reported an expansion in business growth. The LCR 4.0 Holistic initiative has resulted in a 30% diversification rate into new markets for participating SMEs, offering additional opportunities and financial gains.
“SME manufacturers we have been lucky enough to work with have proven that cutting edge R&D in AI, robotics and the sciences from our universities can be harnessed locally to deliver new products, processes, and services.“Putting the challenges of COVID-19 and Brexit behind them this proactive approach highlights the sector's commitment to innovation, creating competitive products that deliver both environmental sustainability and robust economic growth.
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