TSB: High Value Manufacturing Strategy Published
10 Jul 2012
The HVM sector is a major contributor to the global and UK economies, however increasingly globalisation has led to a shift in the manufacturing base to countries with lower labour costs.
The UK government seeks to increase its investment in high value manufacturing to ensure that the country reduces its dependence on the service sector. Sustainability in manufacturing will form a central part of the TSB’s approach.
In the strategy the TSB groups 22 key competencies in UK manufacturing into the following five themes (see pages 10 – 11 of the strategy document for full details): 1.Resource efficiency: including energy generation and storage, lightweight vehicles, and synthetic biology; 2.Manufacturing systems: including miniaturisation, systems modelling, and the human/machine interface; 3.Materials integration: including smart materials, and development of advanced coatings; 4.Manufacturing processes: including flexible, adaptive manufacture and additive manufacturing; 5.Business models: including managing fragmented value chains, and developing new business models
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