According to the latest Business Trends Report, manufacturing confidence has reached a 20-month high, indicating that Brexit has not affected the sector.
With the drop in value of the pound, exports have also been boosted as they have become more price competitive.
Government support such as research and development (R&D) tax credits remain key to the longer term success of the sector which needs to invest heavily in digital technology to remain competitive. Training, regulation and taxes are also key elements requiring government support.
Beavis Morgan – Business advisers to the manufacturing sector
At Beavis Morgan, our specialist advisers to the manufacturing sector are able to assist with all aspects of business performance including ensuring that adequate measures are put in place to protect the health of your business, both now and for the future.
Our Research & Development (R&D) tax credits team has also made a significant number of successful claims on behalf of clients who have invested in innovation.