Five companies in the Coventry and Warwickshire region have received grants and loans worth £6.2 million from the Government’s Advanced Manufacturing Supply Chain Initiative (AMSCI). They are Coventry’s ADV Group, B2 Automotive Components, Marrill Ltd and CFS Aeroproducts, plus Innovate 2 Make on the Tachbrook Park Industrial Estate in Leamington Spa.

Coventry and Warwickshire Local Enterprise Partnership vice-chairman Karl Eddy said: “The grants and loans will support businesses buying capital equipment and pursuing R&D activities, as well as training and skills development, which are all designed to improve the size, quality and global competitiveness of the advanced manufacturing supply-chain sector across the UK. The funding has enabled these five businesses to create 225 jobs in the automotive and aerospace sectors, as well as safeguarding a further 41 jobs.”

AMSCI was designed to encourage closer collaboration of at least two advanced manufacturing businesses operating in the same supply chain.