The hub space in Wolverhampton
Manufacturers in the Midlands are set to benefit from a dedicated space to connect, network and support each other, after NatWest opened a new manufacturing hub in Wolverhampton.
The hub, based at Broadlands on the Wolverhampton Business Park, was opened by NatWest’s Head of Corporate & Commercial Coverage, Andy Gray.
“We want to help facilitate solutions and opportunities through this hub by making it a place for networking, sharing of information and best practice, as well as somewhere the sector’s issues and challenges can be discussed and debated.
“Our hub is a great way to get the local manufacturing community together. Not only can they use this platform to learn from each other, but we also get to hear directly from them what they need to grow and succeed. That information helps us make sure we’re offering the most relevant support to help them achieve their ambitions.”
The launch of the hub comes after a recent NatWest white paper, ‘Future Fit: the road ahead for UK manufacturing’, which found that medium-sized UK manufacturers require more cohesive support to remain competitive.
Richard Hill, Head of Manufacturing & Automotive at NatWest, said:
“Our research clearly indicates that for the UK’s medium-sized manufacturing segment to be ready for the changes the sector will face in the next five to ten years, they’ll need a more cohesive support structure and more networking and mentorship initiatives.
“The research showed businesses can feel disconnected or even isolated from the wider supply chain and industry, and this hub aims to create an ecosystem where manufacturers and industry stakeholders from across the region can connect, network and support each other. We are committed to helping this sector grow, so it is important we continue finding ways to offer more extensive and tailored support.”
It is hoped that the hub will be used in the future by manufacturers for events, meetings and networking. NatWest says it also hopes the space will be utilised to showcase products from other manufacturers.
Additionally, the Midlands hub is the first of what is hoped to be a wider reaching initiative.
“We have had such positive feedback to the hub already that we will be exploring how we can expand it nationally."