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Manufacturing is a resilient, innovative, modern sector that drives the British economy. UK manufacturers consistently demonstrate their ingenuity and resilience, providing technological solutions to the biggest societal challenges we face.
However, a potent cocktail of economic issues, leaves manufacturers in a perilous situation. As such, business confidence with investment and employment intentions are now falling, and the rising cost of business is now becoming ‘business threatening’ for some manufacturers.
During Digital Manufacturing Week, Stephen Phipson, CBE, Make UK, gave a keynote during the SME Growth Summit, looking at the contribution of manufacturing to the economy, the current headwinds affecting manufacturers and how they can be supported to provide real economic growth.