Executive Survey 2026
Time for Mission Growth
12.01.2026
Britain’s manufacturers believe the introduction of a clear Industrial Strategy and targeted sector plans will be the single biggest driver of manufacturing growth in 2026. This is according to the latest Make UK Executive Survey, published in association with PwC UK.
The annual survey captures the views of senior manufacturing leaders on the opportunities, risks and challenges ahead, as well as their outlook for the UK and global economies. This year’s findings point to a sector that is cautiously optimistic, but facing mounting cost pressures.
- The Industrial Strategy is the top growth driver for manufacturers in 2026
- Most businesses believe opportunities outweigh risks in 2026
- Nearly 9 in 10 manufacturers expect employment costs to rise
- Energy costs remain a major concern, threatening future investment
- New products, markets and digital technologies are the focus of investment
- Warning signals for the UK’s attractiveness as a place to manufacture and invest
There's confidence for growth - but costs are rising
Manufacturers see real opportunity ahead, with many continuing to invest in innovation, digital transformation and expansion into new markets. A majority of companies still believe the UK remains a competitive place to manufacture.
However, the survey highlights growing pressure from rapidly increasing business costs, particularly employment and energy. Many manufacturers warn these pressures are approaching a tipping point, beyond which investment decisions may be delayed, cancelled or moved overseas.
A clear call for Government action
The survey sends a clear message: delivery now matters.
Make UK is urging Government to:
- Accelerate delivery of the Industrial Strategy and sector plans
- Bring forward and expand business energy support to cover more manufacturers
- Provide clarity and stability on employment legislation and costs, including National Insurance and employment reform
Without swift action, rising costs risk undermining confidence, investment and the UK’s long-term manufacturing competitiveness.
Manufacturers have demonstrated their resilience over and over again in recent years and those that remain innovative and are prepared to invest in new technologies, expanding markets and, most crucially, their people will continue to thrive.
“But, they can only do this if they are operating in the most favourable business environment and, despite the commitment to an industrial strategy, not only is growth anaemic but the warning lights are now flashing red on the UK as a competitive place to manufacture and invest. The Government promised significant change, now is the time to deliver it.
The UK’s manufacturers are ambitious in their mission to drive growth. The Industrial Strategy is front and centre of this optimism, but it will take time to reap the rewards from its implementation. Nonetheless, the industry can’t afford to sit still. Those shifting their focus to product innovation, embracing technology and investing in marketing will be the winners in the battle for growth.
