Posted on 7th July 2016
Manufacturing and Engineering: So, how is it in the real world?
Post referendum the world has changed. The UK sits amidst a political vacuum and an economic maelstrom – but where does that leave business and business planning and investment?
The environment for manufacturers and engineers is particularly complex. The drop in the value of the pound should make the price of our products more attractive in world markets – a point made recently by the Mark Carney, Governor of the Bank of England. However, the increase in the cost of raw materials and in time, energy may cancel that advantage out. Throw in interest rates, funding concerns, possible tariffs on Brexit and worsening skilled labour shortages (if free movement disappears) and where does that take things?
Cue the 5th annual MHA Manufacturing and Engineering Survey, which has just been launched by South Coast and Gatwick-based Carpenter Box – the sector specialists from the accountancy and tax world. The survey, which is sponsored by Lloyds Bank, has become the go-to report used by many in the industry, parliament and beyond to gain an insight into the opportunities and challenges the sector faces, with a particular focus on SME businesses.
Once the data has been analysed, contributors will receive a comprehensive report with commentary, case studies and analysis on the state of the M&E Nation from Professor Rajkumar Roy, Director of Manufacturing at the University of Cranfield and Philippa Oldham, Head of Manufacturing and Transport at the Institution of Mechanical Engineers.
Ex engineer Chris Coopey, the Partner who heads Carpenter Box’s Manufacturing, Engineering and Technology Group commented:
“Over the past five years the survey has gone from strength to strength. This year, more than any other, the data we collect should help us to signpost the real issues around BREXIT for the sector as well as the opportunities. Our job is then to use the findings to do everything we can to help the sector grow in the face of what are very interesting times”.
Contributors to the survey will also receive an invite to a follow up event where the findings will be discussed and good practice shared.
Businesses interested in completing the survey before the closing date of Friday 5th August and receiving a copy of the final report can find it at www.carpenterbox.com/me-survey .
"The BHBPA is the most effective and dynamic business organisation I have ever worked with in over 30 years in Local Government. It has a very active and large membership whose points of view are taken seriously by all government structures. Peter Liddell does an excellent job in providing unique and enjoyable networking opportunities where members interact and discuss points of mutual interest. It provides a forum for businesses to discuss common issues, to share experiences and to play a powerful and meaningful role in the Burgess Hill community. The BHBPA provides important and credible support for all its members and ensures that their best interests are represented where necessary. "
"As the local hospice for the area, it’s great that we receive so much support from the BHBPA. Last year the members raised an amazing £2150 through activities such as Bake Off and the BHBiz Awards. Each well planned members meeting enables good networking opportunities and speakers that are relevant to the present climate and local issues. We are proud to be members of BHBPA."
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"As MP for Mid Sussex I believe passionately in the importance of a vibrant local business community in order to create and sustain fantastic opportunities that enable people to meet their responsibilities, prosper and fulfil their potential. I am committed to collaborating with BHBPA and others to be an effective collective voice for Burgess Hill."