Regional Development Agency Support
Total Page:16
File Type:pdf, Size:1020Kb
Regional Development Agency Support Mick Laverty Chief Executive – Advantage West Midlands The West Midlands and automotive • Headline Figures – 115,000 people employed – Over 1,500 companies registered as auto suppliers – Turn over approximately £13 billion per annum • Vehicle Manufacture – Large volume - LDV, JLR, JCB – Niche Vehicles – Morgan, Westfield, Microcab, Modec The West Midlands and automotive • Automotive R&D – Company Technology • Ricardo, ProDrive, Zytek – University expertise within region • Unique understanding of automotive cluster • Applied technology and results driven – Warwick Manufacturing Group • Global Suppliers – 17 tier 1 suppliers such as GKN, Denso, TRW, Stadco Achievements • Supply chain: – Using Accelerate and the Manufacturing Advisory Service – Diversify – Improve Quality, Cost, Delivery – Collaborate with Vehicle Manufacturers and Tier 1s • Premium Automotive Research & Development (PARD) – £80 million of bottom line value add – £30 million of additional R&D The Future: regionally • Low Emission Vehicles – light weighting centre of excellence – new (including electric) power trains • Intelligent Transportation Systems – development & test centre • Niche Vehicles – a growth market • Supply chain growth The Future: nationally • Supply Chains do not stop at regional boundaries • Partner with other regions to exploit automotive sector expertise • Partner with and create industry networks • Work with government to maximise public investment • Immediate focus on TSB’s national Low Carbon Vehicle programme Summary • Advantage West Midlands is working to: – Maintain and grow Global Position for our regional companies – Support the UK achieve the same as this can only be beneficial to the West Midlands – To achieve this we need industry to lead as it is you who know what are the market failures Regional Development Agency Support Mick Laverty Chief Executive – Advantage West Midlands.