A new initiative designed to build UK industrial capability and increase reshoring has got off to a flying start after £625,000 of orders were placed in the first few weeks.
UK Manufacturing Unite (#UkMfgUnite) has been launched in response to the national effort to produce more critical components and essential equipment at home and is the first step in the sector’s fightback against the damaging effects of Covid-19.
Created and run by manufacturers for manufacturers, the movement is urging more firms to come together to collaborate, share practice and find practical solutions for developing domestic supply chains.
Manufacturing in the UK improved slightly from the all-time lows of April but still remains at levels not seen since the global financial crisis, according to new figures.
The closely-followed IHS Markit/CIPS purchasing managers’ index (PMI) recorded a score of 40.7 in May, up from 32.6 in April, as the coronavirus lockdown started to ease and orders rose.
However, the data also showed output, new orders and employment in the sector all fell at some of the fastest rates in the 28-year survey’s history.
Even with the slight uplift in May’s sentiment as firms began to recover from the initial shock and looked to the future, optimism remained depressed.
The Scottish government has announced an additional £20m of funding for Scotland’s first national manufacturing centre of excellence.
The National Manufacturing Institute Scotland (NMIS) aims to make Scotland a world leader in advanced manufacturing.
It will include a skills academy and industry-led research and development facilities.
Manufacturing giant Rolls-Royce has announced an intention to become a net-zero carbon business by 2030, alongside a wider ambition to enable sectors it sells to in becoming net-zero by 2050.
Rolls-Royce has committed to net-zero carbon across its operations by 2030 and has joined the UN Race to Zero campaign, which has been launched to spur raised climate action in the run up to COP26.