Turnover boost for manufacturing companies

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Manufacturers across Yorkshire and Humber are boosting sales, creating jobs and investing more according to the Manufacturing Advisory Service.

The Government-backed organisation, set up to help manufacturers become more competitive and grow, says more than half of the small to medium sized manufacturers across the region increased their turnover during the past six months.

Three out of five expect further growth between now and the end of the year and almost half are planning to take on staff.

The growth prospects for the region’s manufacturing are revealed in the first ever “MAS Barometer” survey of manufacturing industry.

MAS area director Martin Coats said: “This is the clearest indication yet that our manufacturers are enjoying increases in sales and, reassuringly, they expect this trend to continue.

“Investment by the major original equipment manufacturers and interest from overseas companies to source from England has helped facilitate demand.”

“It will be interesting to see if employers can find the skilled staff they require to fill the positions, bringing into focus the need for companies to create and support apprenticeships so we can start to fill the talent pipeline again.”

The MAS Barometer reveals that just under half the manufacturing SMEs in Yorkshire and Humber plan to spend more on premises and machinery and well over a third plan to invest in developing new technology which will help them to remain ahead of global competition.

MAS says its message about the need for continual improvement is getting through, with more than four out of five firms saying they will enable their business to grow by improving operational efficiency.

Business Minister Mark Prisk said he was delighted to hear about the success of Yorkshire and Humber SMEs.

“A key element of the Government’s support for manufacturers is our investment in MAS, which is offering real support to businesses,” added Mr Prisk.