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.
Government announces new shipbuilding lending scheme to boost UK coastal communities
A new government scheme has been announced to help ship buyers access finance to buy UK-built vessels and upgrade existing ones will boost Britain’s coastal communities.
Through the Shipbuilding Credit Guarantee Scheme (SCGS) the Government will act as a guarantor for lenders, unlocking credit for maritime firms.
It will help to boost the UK shipbuilding industry and drive growth in areas such as Liverpool, Plymouth, the Solent, Rosyth, Clydebank and Belfast. Find out more on The Manufacturer
Liverpool City Region set to gain 4,000 jobs as the UK’s second Investment Zone
Communities across the Liverpool City Region could be set to benefit from over 4,000 new jobs and a multi-million-pound investment in the life sciences sector as part of the UK’s second Investment Zone.
The government launched England’s second Investment Zone in Liverpool City Region, which could unlock £320m of private investment and deliver 4,000 jobs, across the Liverpool City Region over the next 5 years. Find out more on Liverpool City Region
Manufacturers sentiment edges up, but investment expected to be flat – CBI
Sentiment among manufacturers improved for the first time in two years, according to the CBI’s quarterly Industrial Trends Survey for July. Output volumes stabilised in the three months to July, having fallen steadily since the February survey, and are expected to grow next quarter. Find out more on CBI
Double digit growth for UK car production since January
UK car production rose 11.7% in the first half of the year to 450,168 units with June – up 16.2% – the fifth consecutive month of growth, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). Find out more on The Manufacturer
Airbus reports Half-Year (H1) 2023 results
Airbus SE (stock exchange symbol: AIR) reported consolidated financial results for the Half-Year (H1) ended 30 June 2023.
Gross commercial aircraft orders totalled 1,080 (H1 2022: 442 aircraft) with net orders of 1,044 aircraft after cancellations (H1 2022: 259 aircraft). The order backlog amounted to a record 7,967 commercial aircraft at the end of June 2023. Find out more on Airbus
Bentley installs biofuel tank at Crewe factory after successful performance trial at Goodwood
Bentley has installed a 1200-litre biofuel tank at its Crewe production facility following the luxury marque’s great success powering its vehicles with such fuel at the recent Goodwood Festival of Speed.
By using second gen biofuel, Bentley’s Heritage Collection and press fleet have reduced their CO2 impact by an estimated 85 per cent. Find out more on The Manufacturer
BAE Systems to provide electric drive systems for Toronto’s newest battery-electric buses
BAE Systems, a leader in heavy-duty electric propulsion, will supply up to 541 Gen3 electric power and propulsion systems for the Toronto Transit Commission’s (TTC) new fleet of battery-electric buses, allowing them to run free of emissions.
BAE Systems’ electric propulsion technology has been operating in TTC buses since 2006. The company’s Gen3 offering builds on those proven components and technical expertise that has powered more than 1,000 hybrid-electric buses in Toronto. The system will advance the TTC’s goal of transitioning to a zero-emissions fleet by 2040. Find out more on BAE Systems
