The UK is taking a major step towards becoming an industrial powerhouse with the publication of the modern industrial strategy. This announcement was made by Katherine Bennett CBE, CEO of the High Value Manufacturing Catapult, who emphasized the importance of this strategy in transforming the country’s economic landscape.
The High Value Manufacturing Catapult has a successful track record of turning policy into progress, having invested over £1 billion in a nationwide network of research and development facilities. One notable example is the University of Sheffield Advanced Manufacturing Research Centre’s (AMRC) 20-year collaboration with Boeing, which resulted in the company’s decision to build its first European manufacturing facility in Sheffield. This partnership has not only driven economic growth in the region, but also created job opportunities for the local community.
Another success story is the collaboration between the Catapult and pioneering British deep-tech company DEScycle. This partnership has helped unlock private investment for the company’s groundbreaking e-waste recycling technology, further showcasing the Catapult’s ability to turn visionary ideas into tangible impact.
With the publication of the industrial strategy, the Catapult sees an opportunity to expand its impact even further by scaling its efforts in the regions it operates in and strengthening its commitment to driving national economic growth. As a partner to the government, the Catapult has played a key role in shaping the strategy and the advanced manufacturing sector plan. Moving forward, they are dedicated to supporting the delivery of the strategy to ensure that the UK has the necessary resources to become a net zero manufacturing superpower.
For further information from the High Value Manufacturing Catapult or to speak with Katherine Bennett directly, please contact Catapult@crestviewstrategy.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.