Aston Martin seeking new, local suppliers

The growth of Aston Martin could have a positive knock-on effect for companies in the supply chain in Coventry and Warwickshire, local businesses have been told.

The Coventry and Warwickshire Chamber of Commerce held a manufacturing sector networking event at the company’s headquarters in Gaydon and heard from purchasing director Richard Jesson.

He told the gathering of around 40 businesses that the company was investing £500 million and that it was planning to release a new model every nine months through to 2020.

“This could mean big opportunities for you,” said Richard. “We are investing heavily and we will need to find new supply partners.

“Currently, 34 per cent of our suppliers are in the UK and 40 per cent of those are in the Midlands and we’re always looking for the most competitive, receptive and innovative suppliers to work with.

“If those suppliers are local, it can make life easier logistically for us but there are several measures in place and, really, what we want to do is work in partnership with companies.

“We want them to come back to us with suggestions and innovation around products and parts – it is all about forging the right relationships.

“We want to invest in the local community and support the local economy so I would encourage potential suppliers to find out about opportunities available to them.”

Zoe Sweeney, of the Coventry and Warwickshire Chamber of Commerce, hosted the event and said many companies had already heeded Richard’s words.

She said: “We have relaunched our sector networks on the back of feedback from businesses – they wanted events tailored specifically to their sector and to be able to meet and speak to like-minded business people.

“Aston Martin was the perfect venue to stage our first event and it really was a great success.

“It was extremely positive to hear Richard saying that they are open to hear from local suppliers and I know several business cards were exchanged during the event as many companies were looking to strike while the iron was hot.

“Plans are already in place for our next event and I am sure it is going to be very popular after this great way to get started.”

Pictured: Zoe Sweeney and Richard Jesson (both front) with members of the Chamber’s manufacturing sector network behind.