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 […]
New research from Cebr for Virgin Media O2 finds that improved rural connectivity could increase turnover for rural manufacturing businesses by over 7%, adding an extra £8.8bn to the UK economy. The analysis, published for the first time today, examines the role improved connectivity could play in supporting economic growth and transforming rural industries. Many […]
Made Smarter, a programme helping SME manufacturers access technology and digital skills, is to be rolled out nationally. The government has committed to expanding the Made Smarter Adoption Programme to all nine English regions in 2025-26 before working with Scotland, Wales, and Northern Ireland from 2026-27. The announcement by HM Treasury, on Friday 17 November, […]
