The UK is running out of time to kickstart a homegrown battery-production industry, key figures have said. The industry, which has been eyed as a high-value growth area for contractors, needs major investment to become viable. Wates is delivering the only so-called gigafactory currently under construction in the UK. The Envision AESC facility in Sunderland (pictured) […]
Mergers and acquisitions (M&A) activity in 2022 involving UK based manufacturers was at its highest level since 2016, according to law firm Irwin Mitchell. Irwin Mitchell has analysed Experian’s Market IQ database and revealed that 1,344 UK manufacturing businesses were the target of M&A activity in 2022. This compares to 1,285 in 2021 and 1,231 […]
Made Smarter has launched a new fast-track leadership programme to help North West SME manufacturers accelerate their digital transformation. In just three months, the ‘Leading Digital Transformation’ programme will turn participants into digitally-informed, empowered leaders, armed with a bespoke digitalisation strategy. The funded solution has been designed by Made Smarter’s North West Adoption Programme, the […]
The latest engineering services sector survey shows that the majority of business owners and decision-makers expect their business performance to improve in the short term towards year-end and beyond. The finding comes despite concerns about economic and recruitment challenges ahead. The latest findings of the quarterly Building Engineering Business Survey, backed by trade bodies ECA, […]
One of the UK’s largest independent distributors and processors of stainless steel, Stainless Steel Services Limited (SSS), has secured an invoice discounting facility from Cynergy Business Finance (CBF) to help manage a flexible cashflow. Founded in 1987, SSS is a Stainless Steel Service Centre based on the border between Birmingham and West Bromwich. The fully […]
SME manufacturers in the North West are using data and system integration technology as the driving force behind their digital transformation and growth ambitions, new analysis from Made Smarter reveals. More than half (159) of the 275 technology projects supported by Made Smarter’s North West adoption programme focussed on digital technologies which connect disparate systems […]
The UK’s largest woollen yarn spinner, Lawton Yarns Limited, has returned to private ownership following a £13.4m total facility from Secure Trust Bank Commercial Finance. The facility funded the recent management buyout and will provide additional working capital and growth support to the business. Headquartered in Ravensthorpe, West Yorkshire, Lawton Yarns supplies woollen yarn to […]
Cynergy Business Finance has provided an £18m funding line to support Mutares with the acquisition of the Sheffield operations of Allegheny Technologies Incorporated (ATI) which will now operate under its new name Special Melted Products Limited (SMP). SMP, a supplier of forged and machined products, will strengthen Mutares’ Engineering & Technology segment as a new […]
Recycled plastic wood products firm Plastecowood, whose carbon-negative products collectively remove some 40m unwanted plastic items annually from the UK’s waste stream, is set for significant expansion. Santander UK has provided the manufacturer, based in Rhyl, North Wales, with a £1.3m funding package to support its expansion. The business has also shifted its day-to-day banking […]
4 Renewable Energy has strengthened its position in the UK battery storage market by bringing on board Santander UK for funding support. Santander UK has provided a £27m funding package to 4 Renewable Energy, the independent power producer (IPP) arm of RGREEN INVEST, an independent French investment management company specialised in equity investments and financing […]
