Yesterday the chancellor Jeremy Hunt announced the latest Budget, including new tax reliefs and investment to help the advanced manufacturing industry.
Ahead of the Spring Budget this week, the chancellor Jeremy Hunt has announced an investment package that features funding for the automotive and aerospace industries.
The head of Britain’s manufacturing body has today called for all political parties to commit to an industrial strategy with an explicit target for industry to account for 15% of UK GDP, with the potential to add an extra £150bn to economic output.
Make UK, one of the country’s leading business organisations, has partnered with personal safety technology market leaders, Peoplesafe to protect the manufacturing industry’s workers.
The UK has seen a 48% increase in the number of manufacturing firms setting environmental, social and governance (ESG) targets for their business, with 62% now doing so since 2021.
The UK manufacturing industry can unlock tax and grant incentives through Investment Zones, established to drive enterprise growth, innovation and the creation of new jobs.
Following last week’s Tata Steel proposals to restructure its UK business as it transitions to green electric arc furnace (EAF) steelmaking, industry trade body UK Steel has released a briefing explaining recent innovations in EAF.