ICW Chair welcomes Government funding for innovation
MARGARET Wood has welcomed the government’s five year funding package for the CAT High Value Manufacturing Catapult.
Margaret, who is a member of the board, said that at the critical time when enterprise and manufacturing companies needed financial certainty the funding would enable them to be brave and take risks.
“The Catapult works to stimulate and support the commercial application of new technologies through the development of
innovative manufacturing processes,” said Margaret. “They are most vulnerable and less able to take bold steps in their early days so access to funding and expertise is vital,” she added.
“We at ICW (UK) Ltd understand, being part of the supply chain, how our early stage ideas often benefit end users and many other small manufacturers are like us.
“This governent funding will allow the Catapult to build capability to help businesses whatever size or stage they are at.
“By providing investment I hope that even more UK enterprises will be able to bring their ideas to fruition.”
Margaret’s sentiments were eched by Dick Elsy CEO of HVM Catapult. He said: “The HVM Catapult is perfectly placed to make a full contribution to a successful UK industrial strategy. In our first six years of operation we have established a proven track record, generating investment in R&D and driving improvements in manufacturing productivity and competitiveness. The five-year funding package announced today allows us to build on our early successes, broadening our productivity impacts while equipping British firms with the manufacturing innovation they need to compete in uncertain and challenging international markets. Our support has never been more needed.”