Engineering companies are increasingly redefining themselves away from making specific products or product ranges for particular sectors, but instead looking more closely at what their core expertise is, whether it’s in use of data, communication between different elements of a system, materials science or something else and using this expertise to develop solutions for a new business sector. In today’s world, companies need to be alert to new opportunities and carefully consider whether their unique area of competence could be translated elsewhere.
Greater Cambridge Greater Peterborough Enterprise Partnership (LEP) and Invest Essex will be bringing a series of case studies to the business community showcasing Cambridgeshire/Peterborough and Essex companies who have taken this step , showing their thought processes, their journey and lessons learned from it. This plays into regional plans for the creation of an industry-driven High-Value Design Group for the East of England, stimulating greater innovation through collaborating and growing value chains – and raising the profile of key sector strengths with HMG and investors alike.
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