small manufacturing enterprises
Answers
Answer:
A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore; A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs
Explanation:
Mark me as a brainliest
Answer:
The UK’s advanced engineering industry has thousands of supply chain companies to deliver the precision products and specialist services needed. We also have a thriving manufacturing industry, with investment in automation and technological advances potentially adding £275bn to the national economy each year.
Growth
We have seen substantial growth in UK supply chain industries especially in areas such as composite materials, low carbon technologies, digital process engineering, additive manufacturing, and robotics and autonomous systems - all of which offer high growth opportunities.
Innovation
The UK invests heavily in R&D initiatives, encouraging innovation in key Industrial areas such as sustainable manufacturing, clean energy, efficient and integrated transport, health and wellbeing, materials and resource efficiency and food security.
Support
The UK offers support in securing funding for investors: since 2007 it has committed over £1.8 billion to new projects, matched by a similar amount in partner and business funding.
Manufacturing Robots in Factory
100,000+
advanced manufacturing companies in the UK
2.4%
UK government aims for public and private sector investment in R&D to reach 2.4% of GDP by 2027.
4,000
engineering companies with over 100 employees, all likely to invest in robotics
71%
of companies with annual turnover of £10m or more are interested in automation
Industry 4.0
New technologies are set to transform productivity in the next few years, a process referred to as the 4th Industrial Revolution or Industry 4.0. The World Economic Forum considers the UK a leading country for Industry 4.0 – ranked 2nd for technology and innovation, and 1st for available financing.
Made Smarter
The Made Smarter Review, part of the UK’s industrial strategy, has made recommendations that will help transform the landscape for UK manufacturing by advising and promoting the adoption of Industry 4.0 technologies.
Materials
The UK is also a world leader in material technologies and the development of advanced materials such as graphene and other 2D materials. There is a projected global opportunity of £138bn in light-weighting for transport applications by 2021, and the UK is well placed to capitalise on this.
Manufacturing catapult
The High Value Manufacturing Catapult has greatly accelerated the development of new manufacturing technologies, with over £200m government investment since 2011.
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