The research revealed that the key barriers for accessing these benefits include lack of budget – particularly pertinent in light of the economic impacts of the pandemic – with 40% of respondents saying it is stopping them investing. This was closely followed by cyber security concerns (32%) and a lack of skills within the company (30%).
To help manufacturers overcome these hurdles, as well as fast-forward and shape the UK’s technology innovation directly into industry, the Made Smarter Technology Accelerator empowers established manufacturers to join forces with innovative technology startups and scaleups to develop technology prototypes and minimum viable products in order to drive productivity, digitalisation and innovation and ultimately push forward the fourth industrial revolution for the UK manufacturing sector.