SME Manufacturing support and COVID-19

SME Manufacturing support & COVID-19_Email

Analysis of support provided to manufacturing SMEs across 17 LEP areas shows that:

  • While the number of manufacturers supported has been maintained since the start of the Covid-19 crisis, demand for support has shifted from the larger SMEs (small and medium firms) towards micro businesses.
  • This has also led to a change in the type of support. There is more demand for shorter term marketing and product development projects and less for productivity and capacity building projects.
  • This pattern is understandable in the short-term: larger SMEs have re-trenched and many are not considering new projects.
  • However, these are also the bigger employers, core to their local and regional economies. As the economy recovers, it will be important to shift this pattern back, ensuring that support reaches larger SME manufacturers and delivers projects that rebuild capacity.
  • The Manufacturing Growth Programme is more important than ever in this.

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Oxford Innovation Advice offers Insights into SME needs and policy effectiveness for policy makers, funders and business support commissioners. It draws on our 30 years’ experience of delivering positive economic growth by enabling scale-ups to achieve their full potential. Each edition concludes with an ‘Implications for funders and Policy makers’ section.

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Update – Wednesday 15th December 2021

Our Innovation Centres remain operational and accessible, and provide a safe environment for our staff and customers. We continue to assess the risk of COVID-19 alongside the latest guidance from government. In the meantime our Innovation Centre remains COVID-19 Secure and fully open for business. Our detailed risk assessment can be found here.