UK £1M CNC Machine Tool ‘Servitisation’ Rolled Out
Innovate UK-funded scheme will see businesses purchasing the capacity to manufacture products whilst the ‘ servitisation provider’ retains responsibility for the machinery and its smooth running with the scheme particularly focused towards SMEs. THE University of Huddersfield has teamed up with top engineering companies and research institutes for a £1 million pound project that aims to bring about massive improvements in competitiveness and efficiency for UK manufacturers. The goal is to extend the principle of “ servitisation ” to firms that use CNC machinery for precision-engineered products. This means that a manufacturer does not – in the conventional way –