Each day The Manufacturer compiles the top manufacturing news stories from around the web. To make your life a little easier, we trawl through all the major trade publications, broadsheets and business magazines to find you the most important manufacturing news each morning. Don't forget to bookmark this page and check back daily.
UK manufacturing production uptick helps bolster Q2 GDP growth
The UK manufacturing sector was the largest contributor to production output in June 2023, which in turn was the largest contributor to GDP growth, according to the latest ONS figures.
The UK economy grew by a modest 0.5 per cent in June 2023, following a fall of 0.1 per cent in May. The largest contributor to GDP growth was production output, which grew by 1.8 per cent in June, having previously fallen by 0.6 per cent in May. June’s production output growth was the strongest seen since August 2020, when it grew 1.9 per cent. Find out more on The Manufacturer
£13m for 22 AI for health research projects
The Secretary of State for Science and Technology, Michelle Donelan, announced 22 projects that will explore how to develop and use AI in health.
The announcement comes on the same day that the government appointed two leading experts to spearhead preparations for the UK to host the first major international summit on the safe use of AI. Find out more on UK Research & Innovation
UK ‘misses out’ on innovation because it dismisses manufacturing
Britain is missing out on four fifths of the benefits of technological innovation because it does not recognise the value of manufacturing, a new government adviser has warned.
Scott White, the chief executive of Pragmatic, a Cambridge-based semiconductor business, said Britain had “suffered” over the past few decades because it had not recognised the value of the production process. “We’re really, really good at inventing things, but we tend to not to capture the full value of them because we have this view that manufacturing isn’t important, but we capture 80 per cent of the value by taking it to industrial production,” he said. Find out more on The Times
Manufacturers receive an export boost with national expansion of the Global Trade Blueprint
Demand for help in exploring export markets has put a South West trade specialist on course for a record year.
International Trade Matters, founded by Linda Middleton-Jones in 2017, helps around 40 companies every month through a mixture of strategic advice and tactical training.
This has placed her Devon-based business on target to increase sales by 25% to align with the firm’s national rollout of its Global Trade Blueprint (GTB). Find out more on The Manufacturer
