UK the 11th largest manufacturing nation in the world
08 Jul 2016
Whilst there's no denying that manufacturing in the UK has seen a number of challenges in recent years, a recent report by The Manufacturer shows that 85 per cent of Britain's manufacturers say they are feeling positive about the economy, with statistics showing that the UK is currently the 11th largest manufacturing nation in the world.
With the tag 'Made in Britain' becoming increasingly popular, and a rising number of businesses starting up in the manufacturing industry in the UK, perhaps people and companies are starting to look closer to home when looking at where their products are manufactured?
At Beavis Morgan, our specialist advisers to the manufacturing sector are able to assist with business growth and optimisation. Our Research & Development (R&D) tax credits team have also made a significant number of successful claims on behalf of clients in the manufacturing sector. The reliefs, essential for businesses in the sector to innovate and excel, can be extremely beneficial to those engaged in qualifying R&D.
For further information about how we can help you and your manufacturing business, or to arrange a no obligation preliminary meeting to discuss how your company could qualify under the R&D Scheme, please contact Steve Govey or your usual Beavis Morgan Partner.
Further reading: Manufacturing growth fastest in four years