Despite its vast economic contribution across many key industries, there remains to be a general misconception around the importance of the UK manufacturing sector. With policy makers and economists alike noting the importance of having a diversified economy, the sector is coming under increasing pressure to perform. This report answers significant questions around technology, funding, innovation and competition in manufacturing.
OVERVIEW Manufacturing in the UK is enjoying its rosiest period in years with output and orders up, and a wave of new investment expected. Crucially, however, it must take a long-term approach to training and technology, with strategic projects prepared to make short-term losses, writes Will Stirling
MITTELSTAND As Britain considers mobilising her own “mittelstand” of growing mid-sized companies into a collective force, Germany’s original model remains the gold standard for success. But it could be folly to try to copy Germany, writes Will Stirling.