Manufacturing Companies n England
Cambridge and East of England manufacturing businesses are set to lead a major UK growth spurt based on a factory feelgood upsurge.
Manufacturing Companies in England
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Monday, 05 November 2012 07:00 Kate Sweeney Feelgood factories drive manufacturing surge Cambridge and East of England manufacturing businesses are set to lead a major UK growth spurt based on a factory feelgood upsurge.
The latest barometer from the Manufacturing Advisory Service (MAS) shows a u-turn in sentiment with the majority of manufacturing SMEs in the region predicting an increase in sales over the next six months.
MAS reveals that 90 per cent of East of England companies plan to maintain or increase their workforce, 56 per cent of companies expect to grow between now and March 2013, with 39 per cent set to boost investment in plant and machinery. There was also a moderate increase in those planning to spend on new technology (41 per cent).
The optimism follows a slight softening in the marketplace that has seen the number of businesses reporting increased sales drop to just 47 per cent, down from the previous survey.
As part of a special focus, the barometer also aimed to find out what sectors East of England SMEs are selling into, with the findings showing materials/general engineering as the most popular (48 per cent), closely followed by electronics (44 per cent) and defence and marine (both 41 per cent).
When asked about future sales growth to 2016, aerospace, marine, nuclear and rail appear to be the most attractive propositions for SMEs looking to increase minor sales to a moderate or significant level.
Martin Coats, area director for MAS, said: “It’s reassuring to see more of our SMEs are expecting to increase their sales going forward and this despite a slight fall over the last six months.
“Manufacturers have been reporting fluctuating demand and softening in certain sectors so to see the renewed optimism suggests many believe these markets are coming back on stream.
“90% of East of England companies told us that they intend to maintain or increase their workforce, which shows a general stability in these figures.”
Business Minister Michael Fallon was also enthused. He said: “It's encouraging to hear of the optimism amongst manufacturing SMEs in this barometer. These are still challenging times but the recent GDP output is the latest sign yet that the wider economy is starting to recover.
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The Killer 50 - NEW ProfilesCopyright ©2011 Business Weekly. All Rights Reserved. Business Weekly is a trademark of Q Communications Ltd.
Copyright © 2012 Business Weekly | Technology | Biotechnology | Business news | Cambridge and the East of England. All Rights Reserved. Designed by JoomlArt.com. Joomla! is Free Software released under the GNU/GPL License.
Wednesday, Nov 07th Last update12:59:43 PM GMTHeadlines: Fertility firm on top of the world Cambridge stars back budding entrepreneurs Cambridge clean technology companies have been han... Valley-Cambridge personalised medicines alliance ARM leads $350m swoop for patent portfolio CDP brews coffee making revolution CSR camera technology smiles ahead Work starts on HQ for British Society of Plant Bre... Plans in for £20m redevelopment of Fisons site Birketts continues raids on Cambridge rivals Big Pharma locks into Cambridge drug advance Dialight ramps up to meet global demand Bango COO leads fresh growth spurt Feelgood factories drive manufacturing surge Cambridge ‘fab five’ share £39m biomed fundin... Polatis secures £4m for global growth Top French labs choose TeraView Mathys & Squire strengthens Cambridge office Cambridge group steps up M2M initiative Cambridge & Counties Bank launches residential pro...
FutureTech with Ian Pearson of Futurizon Cambridge Today - Tony Quested Brand Aid Blog with Richard Taylor of Royston Simp Trade Talk with Liz Basing of UK Trade & Investment Matthew Hussey - Tech 2.0 Blog Business Weekly:
Monday, 05 November 2012 07:00 Kate Sweeney Feelgood factories drive manufacturing surge Cambridge and East of England manufacturing businesses are set to lead a major UK growth spurt based on a factory feelgood upsurge.
The latest barometer from the Manufacturing Advisory Service (MAS) shows a u-turn in sentiment with the majority of manufacturing SMEs in the region predicting an increase in sales over the next six months.
MAS reveals that 90 per cent of East of England companies plan to maintain or increase their workforce, 56 per cent of companies expect to grow between now and March 2013, with 39 per cent set to boost investment in plant and machinery. There was also a moderate increase in those planning to spend on new technology (41 per cent).
The optimism follows a slight softening in the marketplace that has seen the number of businesses reporting increased sales drop to just 47 per cent, down from the previous survey.
As part of a special focus, the barometer also aimed to find out what sectors East of England SMEs are selling into, with the findings showing materials/general engineering as the most popular (48 per cent), closely followed by electronics (44 per cent) and defence and marine (both 41 per cent).
When asked about future sales growth to 2016, aerospace, marine, nuclear and rail appear to be the most attractive propositions for SMEs looking to increase minor sales to a moderate or significant level.
Martin Coats, area director for MAS, said: “It’s reassuring to see more of our SMEs are expecting to increase their sales going forward and this despite a slight fall over the last six months.
“Manufacturers have been reporting fluctuating demand and softening in certain sectors so to see the renewed optimism suggests many believe these markets are coming back on stream.
“90% of East of England companies told us that they intend to maintain or increase their workforce, which shows a general stability in these figures.”
Business Minister Michael Fallon was also enthused. He said: “It's encouraging to hear of the optimism amongst manufacturing SMEs in this barometer. These are still challenging times but the recent GDP output is the latest sign yet that the wider economy is starting to recover.
Cambridge has come a long way since the first vestiges of a settlement were discovered here 3,500 years ago. The raggle-taggle backwater that Bede described in the 7th century as “a little ruined city”
A Cambridge UK entrepreneur emailed me recently to say he was living a hand to mouth existence as what appears to be an excellent clean technology continues to struggle to gain traction with investors. He didn’
Although I am definitely an engineer underneath, I’d be the first to accept that futurology is often more of an art, distinguishing the likely from the possible. This is rarely more conspicuous than in the ‘
We’re delighted to welcome Ana Botin, CEO of Santander UK to speak in Cambridge on the eve of Santander opening their new office here in the city. Ana BotÃn has a long track record in the financial industry, joining Banco Santander in 1988 after eight...
Major Export Week event in the East of England featuring one to one meetings with Commercial experts from 50 countries, seminars on export topics and hear from those currently exporting.
HEAT has been running since 2007, each year covering a different set of topics within home energy technologies, including solar PV, lighting, passivhaus & MMC. This year we focus on the exciting area of iHEAT or intelligent heating systems: accumulate;...
How time flies! It’s ten years since the inaugural High Value Manufacturing Conference in 2002. CIR Strategy’s 10th Anniversary HVM, on 14 November promises an all keynote lineup - with opportunities for companies to discuss strategy alongside supply...
Land values and land based transactions – will be the topic of the next East Anglian Rural Professionals’ Group Meeting in November.
The Killer 50 - NEW ProfilesCopyright ©2011 Business Weekly. All Rights Reserved. Business Weekly is a trademark of Q Communications Ltd.
Copyright © 2012 Business Weekly | Technology | Biotechnology | Business news | Cambridge and the East of England. All Rights Reserved. Designed by JoomlArt.com. Joomla! is Free Software released under the GNU/GPL License.
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