SME manufacturers call for supply chain support
Supply chain support and longer-term assistance are top priorities for Britain’s manufacturing SMEs if they are to make the most of the post-pandemic recovery and UK Shared Prosperity Fund.
These are two findings from the latest report from the Manufacturing Growth Programme (MGP), which found 75 per cent of its 335 respondents indicating that supply chain improvement would make them more profitable, while grants to help them buy new equipment and invest in digitalisation would make the biggest difference to their ongoing performance.
The survey showed that management teams wanted access to specialist external advice and funding to drive profitability (68 per cent), increase sales (62 per cent) and to boost productivity (58 per cent).
Three quarters felt that leadership and management training is beneficial, whilst 83 per cent said they wanted business support to be delivered by experts with substantial industry experience, such as MGP Growth Managers. Just over a quarter said they want to use assistance to help them move towards Net Zero and make the most of the green economy.
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