December's Manufacturing Productivity Bulletin
FourJaw Manufacturing Analytics
Award-winning manufacturing analytics technology that enables factories to maximise machine productivity.
Welcome to the Manufacturing Productivity Bulletin - December Edition.
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Well, that was a busy month!
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In November, the UK Government announced ￡4.5bn in funding for British Manufacturing (key points below). Nissan and their key partners announced a ￡2bn investment in its Sunderland plant to build three electric models and our brand new Productivity Index went live. Our team has crunched a range of data provided by the Office of National Statistics (ONS) to create a five-year picture of output and productivity for the whole UK manufacturing sector including a Q3 2023 summary. Something we'll be keeping up to date each quarter going forward.???
Enjoy the rest of our monthly wrap-up below, including:
We hope you have a fantastic Christmas and wish you all the very best for a productive and prosperous 2024.??
The FourJaw Manufacturing Analytics Team
The Autumn Statement: UK Government to Invest ￡4.5 Billion in British Manufacturing From 2025
On the 22nd of November, the Chancellor set out the Government's spending and taxation plans in the Autumn Statement. Many have regarded this year's statement as an important milestone for UK manufacturers.?Key points include:
?? Full Expensing: 100% of capital allowances on qualifying plant and machinery investments, and for every ￡1 that a business invests in IT, machinery and equipment, they can claim back 25p in corporation tax.?
?? R&D Tax Relief: Plans announced to introduce a simplified R&D tax relief combining the existing R&D expenditure credit and SME scheme.?
?? Made Smarter Scheme: The Made Smarter scheme is being expanded to all of England in 2025, before working with the devolved nations to explore making it UK-wide from 2026/7. ?? Investment Zones: Confirmation of the next set of investment zones in Greater Manchester, the West Midlands, and the East Midlands.
?? Skills and Apprenticeships: ￡50m announced over the next two years to increase the availability of apprentices in engineering and other key growth sectors.?
UK Manufacturing Productivity Soars: ￡9.4bn Yearly Increase Recorded in Q3
?FourJaw's quarterly analysis of ONS data shows that UK manufacturers have achieved significant output and productivity improvements, despite a slight slowdown in activity this summer. The UK manufacturing sector was 6.6% more productive in the third quarter of 2023 than the same period in 2022, driven primarily by improvements in the automotive, aerospace and broader transport equipment sectors.??
Manufacturing Outlook Survey 2024. We want to hear from you.?
Share your insights, views and experience of the current market conditions, investment appetite and drivers behind technology implementation. All completed surveys will be entered into a prize draw to win a ￡100 gift card or nominate a charity and we'll donate ￡150 on your behalf.?
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Q4 Product Release | Coming Soon
Get a peek at what's coming in FourJaw 2.2! ?? Arriving December 2023.
Energy Efficiency in Manufacturing: The Benefits of Powering Off Idle Machines
Does your factory power off each machine at the end of the work day? If they remain on without good reason, you may be wasting energy and money that could easily be saved by powering the machines down.
Our latest article looks at the financial, operational and environmental reasons why manufacturers should, wherever possible turn off their machines and includes a use case showing the cost savings a manufacturer could achieve by powering down their 14 CNC machines when not in use.
An early Christmas present from Nissan as it leads a ￡2bn investment in UK electric car plant
Just over a week ago, Nissan along with its partners announced a ￡2bn plan to build three electric car models at its Sunderland factory in the UK. The firm will build electric Qashqai and Juke models at the plant alongside the next generation of the electric Leaf, which is already produced there. The scheme could help preserve the jobs of about 6,000 workers directly, and thousands more across the UK.
Great news for the UK Automotive sector, wider supply chain and the people across the North East!
2023 Recap and Highlights from our CEO
As we approach the close of 2023, our CEO, Chris Iveson reflects on the incredible journey we've had as a company and industry.?
Christmas & New Year Opening Hours
The FourJaw office will close on Friday 22nd of December for Christmas and New Year. The office will open as normal on Tuesday 2nd of January.?
Once again, we wish you a very enjoyable festive season and thank you for your continued support.
Here's to an even more productive and prosperous year ahead in 2024.
??Exciting read! As Henry Ford once said, "Quality means doing it right when no one is looking." It's amazing to see the focus on productivity and energy efficiency in manufacturing, aligning perfectly with sustainable practices. Keep up the great work! ?? #sustainability #innovation #manufacturingexcellence