The latest figures from the Society of Motor Manufacturers and Traders (SMMT) demonstrate that the UK carbon footprint in automotive manufacturing has decreased to its lowest level on record as CO2 emissions fall by 11.2% in 2021 compared to 2020. Automotive...
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Most UK manufacturers are aiming to grow their business
Introduction According to a survey conducted by the manufacturing trade body Make UK, 52% of UK manufacturers plan to grow their business during the next five years by over 20%. If manufacturing output for UK GDP increased from 10% to 15% this year, this could result...
Manufacturing trade bodies call for immediate financial support
Introduction Earlier this year the chancellor announced that he would offer support to the manufacturing sector this autumn. However, manufacturing trade bodies such as Make UK have said that support is needed before the summer parliamentary recess. Make UK has given...
Annual Investment Allowance Extended
The Chancellor announced in the Autumn Budget an extension of the temporary increase in the Annual Investment Allowance (AIA) to 31 March 2023. Most corporate and unincorporated businesses are able to utilise the AIA to claim 100% tax relief on their qualifying...
Government delay new manufacturing UK safety standards
The government has decided to give manufacturers an additional year to comply with the new UKCA mark. The UKCA mark is a safety regulation that will be used to certify that a wide range of manufacturing products meet UK safety standards. Manufacturers were due to...
New £20M funding launched for UK manufacturers
A new £20M funding programme is set to launch across the UK for manufacturers. The aim of the programme is to help manufacturers overcome supply chain issues caused by the global pandemic. The programme will aim to do this by assisting manufacturers with the...
Rising factory costs to increase prices of British made goods?
In June 2021 the cost of running a factory increased at a record rate. This news caused concerns that prices of British-made goods will rise during the second half of 2021. According to the IHS Markit monthly survey of the manufacturing industry, manufacturers paid...
UK manufacturers increase optimism
The UK manufacturing sector has seen its largest increase in optimism since 1973 as lockdown measures ease and demand grows. Vaccine progress increases manufacturers optimism A recent poll of 288 leading industrial companies (conducted by the CBI) found that...
COVID-19 causes manufacturers to accelerate digital adoption
According to the 2021 Digital Transformation Assessment conducted by The Manufacturer and IBM, 67% of manufacturers have accelerated their adoption of digital technologies as a result of the coronavirus pandemic. Only 16% have suspended their digital adoption...
UK automotive manufacturing improves sustainability
The latest figures from the Society of Motor Manufacturers and Traders (SMMT) demonstrate that the UK carbon footprint in automotive manufacturing has decreased to its lowest level on record as CO2 emissions fall by 11.2% in 2021 compared to 2020. Automotive...
Most UK manufacturers are aiming to grow their business
Introduction According to a survey conducted by the manufacturing trade body Make UK, 52% of UK manufacturers plan to grow their business during the next five years by over 20%. If manufacturing output for UK GDP increased from 10% to 15% this year, this could result...
Manufacturing trade bodies call for immediate financial support
Introduction Earlier this year the chancellor announced that he would offer support to the manufacturing sector this autumn. However, manufacturing trade bodies such as Make UK have said that support is needed before the summer parliamentary recess. Make UK has given...