Companies urged to sign up to SIG as Aerospace contract wins hit £350 million
The offer comes from Sharing in Growth (SiG), a government-backed team of experts, who are helping 40 companies to drive productivity and become globally competitive. The first 15 companies on the programme have to date won more than £350 million worth of contracts.
Companies who meet the qualifying criteria are being invited to a briefing on 29th September at RAF Cosford to hear from companies already on the programme about the business benefits.
They can also discuss with SiG engineers and business gurus how the four year scheme works and why it is being endorsed by organisations such as Airbus, AugustaWestland, GE, GM Aerospace Bombardier, GKN, Rolls-Royce and aerospace, defence and security trade body ADS.
Financed by the government’s Regional Growth Fund as well as private enterprise, each intensive SiG programme starts with an extensive diagnostic assessment to confirm readiness for the programme which is then tailored to a company’s growth enablers.
SiG’s cross-functional experts tackle areas such as lean operations, manufacturing engineering, procurement and cost and value engineering. To ensure a sustainable and fully integrated transformation programme they also work with delivery partners such as Deloitte, the National Physical Laboratory, the Institute for Manufacturing and Industry Forum to provide world-class training in leadership, strategy, business planning and performance improvement. Each programme is therefore worth over £1 million.
Said SiG CEO Andy Page: “The programme is truly intensive in line with the scale of the competitive challenge. It is industry designed and led and so we are already seeing significant returns on investment with the first tranche of beneficiaries and are keen to share the benefits with other UK aerospace suppliers who want to move from being good to being great.
“Sharing in Growth will help secure over 10,000 jobs in the UK and aims to attain £1 billion of annual contract value by making this country’s aerospace companies more productive, competitive and profitable.”
Barrie Hayter is Supply Chain and Programmes Director at Rockford Components Ltd of Suffolk, a supplier of interconnect systems and wiring harness assemblies to leading companies such as Lockheed Martin, BAE Systems, Thales and Bosch Rexroth. The company has won £1 million worth of contracts since joining the programme. He explained how SiG had benefited his company: “The service and support that Sharing in Growth has provided to us has been a great help. We now have a much better understanding of Value Stream Mapping, Problem Solving, Visual Management, 5S and identifying waste.”
