The World Economic Forum, in collaboration with global consultancy Kearney, has released a new White Paper exploring the actions manufacturing leaders are taking to redesign their global value chains along key trends that are reshaping those and transforming manufacturing systems. “From Disruption to Opportunity: Strategies for Rewiring Global Value Chains,” is based on a survey […]
The level of investment by Britain’s manufacturers could be boosted by up to £10bn if they were to take advantage of the range of public and private finance options available to them, according to a major report published today by Make UK, NatWest and Lombard. Such a boost would raise the investment potential of the […]
Top UK accountancy and business advisory firm Johnston Carmichael is expanding its sector focus to offer greater specialist support to the engineering and manufacturing industry. Engineering contributes an estimated £645bn annually to the UK economy and the recent Budget announcement includes an extra £4.5bn for strategic manufacturing sectors over the next five years to bolster […]
New analysis shows that the UK’s manufacturing sector has made a dramatic recovery – recording its best performance in more than two and a half years during the final quarter of 2023. Mid-sized firms have seen their profitability surge thanks to firm demand and stabilising supply chains, according to the latest Manufacturers’ Health Index report, compiled quarterly […]
Manufacturers reported that output volumes fell in the three months to February, and at a faster pace than in the three months to January, according to the CBI’s latest Industrial Trends Survey (ITS). However, manufacturers expect output to rise marginally in the quarter to May. Both total and export order books were reported as below […]
Manufacturers reported that output volumes fell in the three months to February, and at a faster pace than in the three months to January, according to the CBI’s latest Industrial Trends Survey (ITS). However, manufacturers expect output to rise marginally in the quarter to May. Both total and export order books were reported as below […]
The UK has seen a 48% increase in the number of manufacturing firms setting ESG targets for their business, with around two thirds (62%) now doing so (since 2021), according to a report from Make UK and Lloyds Bank. The in-depth report, which looked at the progress, opportunities and challenges faced by UK manufacturing firms […]
Britain’s manufacturers are set to unlock tax and grant incentives if they embrace Investment Zones, established to drive enterprise growth, innovation and the creation of high-quality new jobs. A new report published today by Make UK and Barclays Corporate Banking, Investment Zones: Unlocking Growth in the UK, indicates that the sector backs the chancellor’s decision to extend […]
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in October 2023 by 11% compared with the same month in 2022. In the ten months to October 2023, new business was 14% higher than in the same period in 2022. The […]
UKEF and K-Sure have secured support worth £367m for South Korean manufacturer SeAH Steel Holding’s construction of a windtech factory near Redcar, in the Tees Valley. The financing will secure inward investment which will create 750 jobs in Teesside and ensures construction of the world’s largest wind monopile factory in Redcar. Issuing its first ever […]
