MEMBERS of the Made In Group (MIG) – a 600-strong network of manufacturing companies across the Midlands and Yorkshire, including 30 firms in Redditch and Bromsgrove – are confident the next 12 months will be positive for their businesses.
Despite the impending split from the EU, the majority of MIG members have expressed confidence in their ability to continue growing despite any disruption from Brexit.
In addition, the majority said they intend to increase the size of their workforce within the next 12 months.
The bullish message is in the inaugural Made Report, published to coincide with MIG’s launch of its new London division, Made in London.
Derived from member responses to a wide-ranging survey, the new report is an accurate barometer of the current health of manufacturing in both the Midlands and Yorkshire as the country prepares for life after Brexit.
Such is the level of engagement within the Made in Group that more than half the membership responded to the survey.
Almost three quarters of those responding said they were confident of continued growth and linked to this, well above 80 per cent of the membership is expecting to see an increase in turnover during the next 12 months.
In anticipation of this growth, 75 per cent said they are planning on seeking investment to extend capacity either through upgrades to machinery, skills or new, larger premises.
Jason Pitt, CEO, Made In Group, said: “Despite the negativity surrounding Brexit, this report presents a positive picture of the UK manufacturing sector with members confident of growth over the next 12 months.”
Local MIG members include Gardner Denver, A E Oscroft, and Heller Machine Tools in Redditch and UKF Stainless and TLM Laser in Stoke Prior.