The UK aerospace sector is the largest in European and second largest in the world, after USA. Its world class capabilities in the manufacture of some of the most sophisticated and high value parts of modern aircraft has created a high-tech and high-skill industry of 3,000 companies and 230,000 employees in the UK that creates massive UK economic benefits.
ELE has a long history in supplying the aerospace sector and has experienced a significant growth in its aerospace business supplying Europe’s leading aerospace organizations. With almost three fold growth in the aerospace sector, ELE recognizes the need to remain agile, flexible and invest in its ability to deliver competitive performance.
What is the Sharing in Growth (SiG) scheme?
In April 2014, ELE was selected for the Sharing in Growth (SiG) programme. Sharing in Growth UK Ltd was set up in 2012 specifically to deliver a £110M of intensive supplier development training over 4 years to 40 UK Aerospace suppliers. The selection process is rigorous and only the most robust and ambitious suppliers achieve a position on the programme.
It gets companies to ‘Fitness ready status’ through reviewing and developing their:
- Competitive cost base
- Strategy – medium and long term
- Alignment of the business – using bottom up approach
- New product introduction – reducing risk to customer and business
- Leadership across the business
- Business growth and the right measures to deliver it
- Prioritisation of the business direction
WHY ELE Advanced Technologies has signed up?
The world our customers operate within grows more demanding and more complex.
ELE recognises the need to be challenged to increase its competitive position and create a better working environment. ELE anticipates that the SiG programme will provide the perfect solution to this challenge.
In order to provide targeted assistance, SiG will initially complete a diagnostic exercise to determine which areas require support to be most effective for ELE. Areas of support may include:
- Quality, Delivery and Cost improvements
- Value stream mapping
- Access to professionals from the Aerospace Industry
- Knowledge transfer opportunities – through academic and industrial sources
The journey has now started – watch this space for stories and updates along the way.