Andrew Perris, UK head of FX at Bibby Financial Services: “This month’s Manufacturing PMI paints a bleak picture of a beleaguered sector in its thirteenth consecutive month of contraction – with the latest figure falling to a low last seen three years ago during the pandemic. “Raw material costs may have reduced, and supply chain […]
Britain has an opportunity to expand green manufacturing, secure its supply chains, and develop cheaper safer energy sources if it learns from other countries’ responses to the US’ Inflation Reduction Act (IRA), a think-tank says today. The Social Market Foundation – a cross-party think-tank – has said that fears that the IRA hurts British firms […]
The ONS has published its 2022 estimates for UK manufacturers’ sales by product (‘ProdCom’). Please note that these cover total sales by UK manufacturers, whether for domestic consumption or export, but do not capture consumption of goods imported from abroad. The figures are all in current price terms – in other words, not adjusted for […]
London-based manufacturing specialist, Get It Made, has launched a new 2023 grant to support the potential of women in innovation and to boost the growth of female employment within UK industry. To mark International Women in Engineering Day on 23 June, the initiative is tailored exclusively to female-led, engineering, design, tech and manufacturing enterprises, including […]
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 […]
