The High Value Manufacturing Catapult’s 2020-21 Annual Review document, published today, captures the impact of its work to drive the transformation of UK manufacturing and support the national response to the coronavirus pandemic.
In a year in which many companies had to resort to furlough and plant closures and when industry focus was inevitably on the short-term, this Annual Review shows the HVM Catapult continuing to deliver its mission to build a world-leading, agile, innovation-led UK manufacturing sector. Despite the restrictions of the pandemic, the Catapult kept the torch lit for innovation using novel approaches to support nearly 5,900 industrial partners, more than half of which were SMEs.
The projects highlighted in the Annual Review show the HVM Catapult helping to develop and scale-up the new green technologies and processes needed to reach net zero and supporting manufacturers to make the green products of the future with clean energy and sustainable materials that will not leave a scar on landscapes. It shows the organisation engaging firms of all sizes to help them harness new technologies, boost their productivity and secure and grow their markets.
The Review also shows the Catapult stepping forward to support the national response to the pandemic, taking a lead in delivering ventilators to the NHS, supporting the development of new vaccines by hosting the COVID-19 vaccine library and establishing stronger supply chains for personal protective equipment (PPE).
The 2020-21 Annual Review marks the tenth year of High Value Manufacturing Catapult operations. Built from seven centres of innovation, the organisation has grown to become the largest advanced manufacturing innovation capability in Europe with the power to transform communities across the UK. Since its creation in 2011, it has worked with nearly 22,000 companies, transforming their performance and boosting local economies.
Celebrating the Catapult’s achievements to date, new High Value Manufacturing Catapult CEO, Katherine Bennett CBE, said:
“The foundations are in place for the HVM Catapult to be at the heart of the post-pandemic recovery. Our ambition now is to make the UK a leading industrial superpower by the end of this decade, doubling the value of manufacturing as a proportion of the economy to 20%.
By working together, we will lead the UK’s clean, green recovery in 2021/22 and its industrial transformation over the years to come.”
Read more from the Annual Review 2020/21 here.