Jesse Norman MP, Parliamentary Under Secretary of State, Minister for Industry and Energy, has visited Hyde Aero Products near Manchester to see the positive effects of the government-backed competitiveness programme, Sharing in Growth.
Hyde Aero Products joined the Sharing in Growth (SiG) programme in 2014 to capitalise on the huge opportunities available in the growing global aerospace market. It is now working with SiG’s transformation coaches to achieve its ambitions and growth targets. To date Hyde has secured significant new contracts and increased its headcount by 140 people thanks to SiG support.
The Minister, who has responsibility for aerospace, toured two of Hyde’s six plants including the Tudor Works headquarters in Dukinfield. Shown round by joint managing directors Matthew Smallman and Anthony Hammond, he saw the company’s state-of-the-art machining tools, examined completed components and met apprentice Ivan Douglas.
Said Matthew Smallman: “We were all very pleased that Jesse Norman visited our facilities at Hyde Aero Products and witnessed first-hand the positive impact that the Sharing in Growth programme has had on our business. The importance of government support to the Aerospace industry is paramount to its future success, and this programme is a great catalyst in driving the performance levels that are required in today’s and tomorrow’s supply chain.”
With SiG’s support Hyde is focussing on becoming more competitive globally by improving productivity and reducing cost through the implementation of continuous improvement techniques, improving or enhancing its technical processes and developing its leadership team to turn strategy into action.
Since joining the SiG programme is has increased employment from 310 staff to 450 and is training 19 apprentices. Through Sharing in Growth, Hyde has expanded its staff development to enable employees to participate in Business Improvement Techniques training which are recognised by National Vocational Qualifications. Currently 24 employees are studying for either an NVQ L2 or 3 at Hyde, with 12 more due to join the training in May. There are currently over 300 workers in UK aerospace suppliers undertaking BiT qualifications as part of the SiG programme.
Two elements of Hyde Aero Products’ have been selected for SiG: the machining group joined in 2014 and the special processes group in 2016.
The SiG programme at Hyde is receiving around £2M in Regional Growth Fund support, while Hyde is investing around £3.9M. Hyde has also invested £5M in plant and machinery during 2016, supported job creation and plans to increase the aerospace proportion of its turnover from around 70% to more than 90%.
Hyde Aero Products designs and manufactures components, structures, systems and assemblies for the aerospace and defence markets and provides support services to keep aircraft flying. As a major exporter, its customers include Airbus, BAE Systems, GKN Aerospace, Boeing, MBDA & Bombardier.
To date the first 37 firms on the programme have secured more than £1.6 billion in contracts (equivalent to more than 2,400 jobs). Aerospace companies with aspirations to grow can still join Sharing in Growth by visiting www.sig-uk.org/apply.