Supply Chain North East plans to work with more than 800 businesses over the next three years.
It will work with individual business leaders and their teams, to help build on core competencies, understand improvement needs and identify suitable opportunities in new and existing markets.
Delivering an opportunity review, Supply Chain North East will also help businesses make the most of new technology, to drive productivity and innovation in new products and services.
The scheme will play an integral part of the North East Growth Hub and will be led by four companies: RTC North; Generator; the North East Automotive Alliance and the North East Process Industry Cluster.
Colin Bell, business growth director at the North East LEP, is leading the North East Growth Hub.
He said: “Supply Chain North East has been created to enable more collaboration across multiple sectors. For example, often we see smaller businesses wanting to work within manufacturing or automotive but don’t know how to penetrate the market.”