The Governments Campaign; ‘Building Britain’s Future’ Takes Shape with Investments in Technology and Advanced Manufacturing

17 08 2009

Lord Mandelson, Secretary of State for Business, Innovation and Skills has announced a £3million investment in UK technology firms, as well as a £340million investment in the development of a new Airbus.

The investments form part of the Governments strategy ‘Building Britain’s Future,’ which includes the launch of several funds including the Capital for Enterprise Fund and the Strategic Investment fund, which is aimed at increasing Advanced Manufacturing, to keep the UK ahead of the competition.

The £75milion Capital for Enterprise fund was launched in January, to help growing companies’ access finance. The fund includes £50 million from the government, as well as £30 million from UK banks, which is managed by Octopus Investments.

The £3million investment includes £1million to IT systems business Vamosa, as well as £2million to KeTech, who provide communication software to rail companies, as well as the emergency services and construction businesses.

KeTech’s CEO, John Kearney, explains that he wrote to Lord Mandelson after having difficulty securing finance;

“Since the current economic crisis began, the lack of available credit, even to viable businesses such as KeTech, has significantly impaired our ability to keep growing. As a result, we turned to the Government for help.

“I am therefore delighted that the Octopus Capital for Enterprise Fund is injecting much-needed capital into KeTech. This will play a critical role in enabling us to secure profitable new contracts which regrettably, until now, we have been forced to turn away.”

The £340million investment for Airbus will aid the development of the new A350 XWB and ensure that Britain retains its position as a world leader in wing, landing gear and fuel integration systems technologies

The investment which is drawn partially from the Governments £750million strategic investment fund, will also secure more than 1,200 jobs within Airbus across Filton and Broughton sites as well over 5,000 within the supply chain across the UK.

Business Secretary Lord Mandelson said;

“This agreement is excellent news for the UK aerospace sector and for the thousands of British workers within Airbus and its UK-based supply chain”.

“The UK’s aerospace industry is world-class and capable of competing successfully with companies across the world. We recognise the vital role Airbus, and its supply chain, play in the UK.

“Aerospace is a sector that we are rightly proud of in the UK. It stimulates innovation across industry, demonstrates our capability to work with the most advanced technologies, and provides high-quality, highly skilled employment. It is a sector at the heart of our advanced manufacturing strategy.”

Click here to read more about the Government’s campaign ‘Building Britain’s Future.’

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Free Access to Public Sector Contracts for Small Businesses.

10 08 2009

Small Businesses in the UK will now be able to access public sector procurement opportunities free of charge. The contracts, worth up to £100,000 will be available to view on the Government’s website www.supply2.gov.uk.

The government have advertised thousands of opportunities for the last three years, however small businesses had to pay a subscription fee of £180, to be able to view them.

In light of the current economic conditions, the Government have now removed this fee, making it possible for small businesses to access the contracts to help their businesses grow.

Economic Secretary to the Treasury, Ian Pearson said:

“Small and medium businesses are a crucial part of the UK economy and in these challenging times it is essential that we support them in as many ways as possible.

“By introducing a free to use national search service we are helping to create a level playing field on which SMEs can compete with their larger counterparts. This will realise benefits for SMEs, the economy as a whole, and help drive further innovation in public services.”

The Glover report, which was published in November 2008 highlighted the need for a single online portal for public sector contracts.

Business Minister Shriti Vadera said that the free service for small businesses is a step towards that goal:

“Small businesses are facing significant pressure in this downturn and new contracts are essential for their return to growth.

“We want to support small businesses by making it easier to access the thousands of Government procurement opportunities that are directly relevant to them.

“This free service is an interim step along the way to introducing a single website for all public sector contracts next year.”





New Networks Launched To Boost University Entrepreneurship

21 11 2008

Baroness Shriti Vadera, Minister for Economic Competitiveness and Small Business, with (from left) Malcolm McVicar, Vice-Chancellor of the University of Central Lancashire; David Frost, Director-General of the British Chambers of Commerce and Chair of the NCGE; and NCGE Chief Executive Ian Robertson.

Baroness Shriti Vadera, Minister for Economic Competitiveness and Small Business, with (from left) Malcolm McVicar, Vice-Chancellor of the University of Central Lancashire; David Frost, Director-General of the British Chambers of Commerce and Chair of the NCGE; and NCGE Chief Executive Ian Robertson.

Around 100,000 students and graduates will get the chance to develop world-class skills as entrepreneurs and business leaders with the launch of the first University Enterprise Networks (UENs).

Shriti Vadera, Minister for Economic Competitiveness and Small Business launched the Networks at a reception at the Microsoft Offices in London yesterday, Thursday 20 November, as part of Global Entrepreneurship week.

These Networks are the first of their kind and will focus on the areas of science, technology, engineering, maths (STEM), Innovation and the Nuclear sector. The networks will be managed by the National Council for Graduate Entrepreneurship (NCGE).

The UENs will aim to establish a culture of enterprise in universities by providing training, advice and encouragement to students and graduates who want to develop their business ideas or wish to become innovative employees. Each network will be further supported by sponsorship from privately owned companies and Regional Development Agencies (RDAs). This will give students first hand experience of enterprising workplaces.

The UENs follow on from a commitment made by the Government in its Enterprise Strategy to further promote and support the development of enterprise.

Shriti Vadera, Minister for Economic Competitiveness and Small Business, said:

“Making graduates more business savvy and entrepreneurial is essential to Britain’s long term competitiveness.

“I would like to see more University Enterprise Networks between businesses and investors to encourage this”.

David Lammy, Minister of State for Higher Education said:

“We need stronger links between business and higher education so that we can make full use of the expertise and talents within our universities and colleges.

“University Enterprise Networks are a new kind of partnership that will nurture the enterprise skills and entrepreneurial spirit of tomorrow’s business leaders, while also helping universities engage more closely with the needs of employers today.”

Ian Robertson, Chief Executive of the National Council for Graduate Entrepreneurship, said:

“The NCGE welcomes the commitment from companies, RDAs and universities in working with us to build the first University Enterprise Networks announced today. These networks will act as a catalyst for closer engagement between business, universities and the public sector, to respond to industry needs and contribute to UK competitiveness.”

“The NCGE’s role is to set up and manage the UENs in order that they create the right conditions for better, more responsive collaboration. The UENs will also ensure more students and graduates acquire the skills for enterprise and entrepreneurship they need to achieve business growth, whether as employees or in starting and running their own businesses.”

Pam Alexander, Chief Executive of SEEDA, speaking on behalf of the Regional Development Agencies involved in the UENs said:

“Regional Development Agencies are delighted to be involved in developing these exciting new University Enterprise Networks, which complement our important work to link universities and businesses and create the skills needed to emerge from the economic downturn stronger and better able to compete globally.”

Stephen Uden, Microsoft UK’s Head of Skills and Economic Affairs, added:

“We are looking at a long period of economic uncertainty. That doesn’t mean that business doesn’t go on, or that there won’t be opportunities for those who can take advantage of them. What it does mean though is that those leaving university need to have the right skills to succeed”.

“Nearly half (48%) of the undergraduates we surveyed would consider starting their own business. That’s great, as small businesses are the engine room of the economy, and also where many of the many of the most innovative ideas come from. This announcement and the STEM network represent good progress in starting to change that view.”

The three University Enterprise Networks (UENs) announced yesterday were the STEM, Innovation, and Nuclear networks. The STEM UEN will be led by the South East England Development Agency (SEEDA) in collaboration with the East of England Development Agency (EEDA) and sponsored by Microsoft and other major companies.

The first universities to express their commitment in principle are the universities of Cambridge, Cranfield, Hertfordshire, Oxford, Reading, and Southampton. SEEDA and EEDA will concentrate on technology based, high growth enterprises.

The Innovation UEN will be led by Advantage West Midlands (AWM) and supported by HP-backed Micro Enterprise Acceleration Institute, BT, and CISCO, with Coventry University. The UEN will focus on helping students understand how Web-based  Technologies can be exploited in the creation of new business ideas, and in helping small businesses collaborate with large co-operates in the development and launch of new products in the context of the “market”.

The Nuclear UEN will be led by the Northwest Regional Development Agency (NWDA), and supported by Westinghouse UK. The first university to sign up to the network is the University of Central Lancashire. The Nuclear UEN will play a major role in helping graduates acquire the innovative skills that companies across the breadth of the nuclear sector seek.

A further fourth University Enterprise Network will be launched early in the New Year. The Manufacturing UEN. Led by the North West Development Agency (NWDA) will focus on “Advanced Manufacturing”.

The NCGE’s role will be to set up and manage the UENs in order that they create the right conditions for better, more responsive collaboration. The UENs will also ensure more students and graduates acquire the skills for enterprise and entrepreneurship they need to achieve business growth, whether as employees or in starting and running their own businesses.

For further information, see www.ncge.com/uen.