A ‘High Value Manufacturing Strategy’ has now been launched by Iain Gray, CEO of the Technology Strategy Board (TSB), at the third National Manufacturing Debate at Cranfield University.
High-value manufacturing (HVM) is the application of leading-edge technical knowledge and expertise to the creation of products, production processes and associated services which have strong potential to bring sustainable growth and high economic value to the UK.
A significant part of the process which helped the HVM team to both inform and formulate the strategy was to draw extensively on the findings of the study ‘A landscape for the future of UK manufacturing’, carried out by the Institute for Manufacturing (IfM) and commissioned and published by the Technology Strategy Board in February 2012.
A key outcome of the IfM study was the identification of 22 National Competencies for UK manufacturing, which are grouped around five strategic themes:
- resource efficiency
- manufacturing processes
- materials integration
- manufacturing systems
- business models