Britain’s manufacturers are set to ramp up their investment with a focus on boosting skills, net zero, and R&D.
According to Make UK analysis of official data, manufacturing investment remains 3% below the last pre-pandemic year in 2019. While there are now clearly downside risks in the light of current market and business sentiment, the survey shows manufacturers see increasing investment as mission critical as they look to tackle supply chain disruption, labour shortages and increased energy costs, as well as improving productivity.