The power of publicly-funded support for manufacturing to enable growth and jobs is being proved in stellar fashion in Liverpool City Region. The LCR 4.0 initiative, a part-ERDF (European Regional Development Fund) financed business support programme for the manufacturing sector, has created 80 new jobs and added £2.6m GVA to date. It is now predicted that LCR 4.0-enabled SMEs will go on to add an additional 955 jobs and £31.1m GVA to the region's economy in the next three years.
The economic value of the UK’s manufacturing sector is placed at just below 10% of GDP, but this figure is based on outdated counting methods and underestimates manufacturing's worth by potentially half, claims a new Cambridge University report.
One of the most striking similarities between manufacturing and the high-octane world of Formula One is how both are trying to marry up the unstructured insights and ‘gut feelings’ of their respective experts with more structured telemetry and analytics.
Manufacturers who put environmental improvements at the heart of their businesses are reaping wide-spread cost-savings, according to a new survey released today which shows industry is stepping up to the sustainability challenge.
The closure of the Ford engine plant at Bridgend in Wales is the latest blow to the UK automotive sector, after recent announcements of job losses at JLR, the closure of Honda Swindon and slowing investment in the North East. Edward Pearcey examines the wider implications for the UK automotive supply chain.
It was national cheese day yesterday and in Britain, cheese has become nothing short of a national treasure. Countries all over the world now want a wedge of UK made cheese, with demand in the Far East soaring.