Not all growth is equal. The right type of growth comes from long-term investments made in people, technologies, innovation and new markets: it comes from UK manufacturing.
Since the end of the recession, growth in manufacturing has been twice that of the rest of the economy. Manufacturers have been investing in innovation to boost productivity and increase competitiveness, exports to developing economies are booming and the private sector is slowly creating jobs again.
But with public sector cuts looming and a currency war threatening to derail the global economy, we cannot take this growth for granted.
Not all growth is equal. The right type of growth comes from long-term investments made in people, technologies, innovation and new markets: it comes from UK manufacturing.
So, while UK manufacturers have been investing in growth, the UK business environment is challenging the competitiveness of UK manufacturers. And whilst government has been thinking differently about its role in driving growth, it now needs to act differently.
Why this is important
Because manufacturing's success is driven by investment, innovation and exports, it has a critical role to play in ensuring balanced and sustainable future growth in the UK economy
If UK manufacturing is to grow and remain successful, companies must continue to invest in innovation, skills and management capability.
There is a role for government in providing a competitive UK business environment by targeting its policy to catalyse growth in manufacturing sectors where the UK is strong or could be stronger.
We will continue to press government to examine every opportunity to boost growth and provide an internationally competitive UK economic framework.
What you can do
Join us as a member business of EEF and add your voice to ours. As a powerful voice for manufacturing, our influence and expertise delivers results. Your input makes a real difference.
You’ll also gain access to a range of services designed to help your manufacturing business compete harder, innovate more and grow.
Find out more about what EEF membership can do for your business or complete our enquiry form and one of our team will be in touch