Sharing in Growth has helped UK aerospace suppliers secure more than £4.4 billion in contracts.
More than £4.4 billion in contracts has been secured by companies on the industry-led productivity and competitiveness programme.
Sharing in Growth is on target to safeguard 10,000 UK jobs and to secure more than £6 billion in contracts, securing over 70,000 man-years’ work. The not-for-profit programme, which is funded by private and public sector contributions, is so successful that it is providing a 60:1 return on public investment, with the majority of companies on the programme growing at three times the rate of their industry peers.
Set up by industry in 2012, Sharing in Growth is endorsed by Airbus, BAE Systems, Boeing, Bombardier, GE, GKN, Leonardo, Lockheed Martin, MBDA, Rolls-Royce, Safran and Thales. In 2018 Sharing in Growth won the national Semta Innovation Award for improving the capability and productivity of over 10,000 people working in the aerospace supply chain.
More than 60 companies have benefitted from the Sharing in Growth programme across the UK
Each company participates in a bespoke and intense training and business transformation programme which focuses on leadership, culture and operational capability delivered by SiG’s own 100 strong team of business coaches as well as a bank of world-leading experts including The University of Cambridge’s Institute for Manufacturing, Deloitte and the National Physical Laboratory.
More than three million training hours have been delivered to date, supported by on-line hub to reinforce learning; a new directory of engineering innovation partners who can provide training in areas such as additive manufacturing and automation; and a Team Leader Training Academy to develop the next generation of highly talented leadership.
"Tackling the UK’s lagging productivity is a multi-faceted challenge"
“The UK’s competitors don’t stand still so we’ve made impactful additions to our programme,” said CEO Andy Page. “Investment in new technology or capital equipment per se will not improve productivity, especially where leadership and management is weak. Sharing in Growth is creating a virtuous growth cycle in our learning and skills community where improved productivity and competitiveness wins contracts which, in turn, provides the funds to invest in people, technology and growth to win even more business.
“Our exceptional results are testament to the learning capacity of ambitious supply chain companies and the expertise of our own squad of around 100 specialists who have applied their 2000 years’ combined experience to great effect.”
Among the companies who have increased their competitiveness and secured new contracts are:
Castle Precision signed a record breaking contract valued at £80 million with Rolls-Royce.
Dundee’s ATL who reported more than £7 million in sales and are currently planning significant investments.
JJ Churchill of Leicestershire who signed a turbine blades contract exceeding £70 million with Rolls-Royce Civil Aerospace.
South Lanarkshire-based Martin Aerospace which just secured a three- year agreement with Rolls-Royce.
TMD Technologies of West London received a £2 million order for travelling wave tubes for an airborne search and rescue radar application.
Produmax, from West Yorkshire, has improved productivity by almost 40%, won three new customers and doubled turnover.
Amphenol Invotec, who have plants in Tamworth and Telford, have secured more than £90 million in contracts since joining Sharing in Growth in 2014.
Winbro Group Technologies, in Leicestershire, have secured more than £140 million in contracts.
There are limited places left on the government-supported Sharing in Growth programme. Companies interested in how the programme can improve their competitiveness and productivity can register their interest here.