Manufacturing & Engineering Report 2016/17

In conjunction with the MHA association of UK independent accountancy firms and Bank of Scotland, we are delighted to present our Manufacturing & Engineering Report 2016/17.

“As the report highlights, it is a challenging time for Scottish manufacturers. Whilst there is optimism for growth for the year ahead, this is down on last year. Across Scotland and the UK manufacturers continue to report that they find it a challenge to recruit the skilled technicians their businesses rely on for future growth, which is set against a backdrop of economic uncertainty following the vote to leave the EU. Now, more than ever, it is essential for the UK and Scottish Governments to provide the conditions as well as the incentives to support this key sector.”

Gavin Black, Partner, Manufacturing Group, Henderson Loggie

Report highlights:

  • 60% think their business will grow over the next 12 months
  • 50% said they currently export
  • 58% expect to take on trainees/apprentices next year
  • 83% made some investment in R&D
  • 23% believe the uncertainty following the EU vote will be a main barrier to growth

Click here to download the Manufacturing & Engineering Report 2016/17