Results from the latest Manufacturing Barometer survey (Q1 2020-21), focusing on COVID-19 Recovery and Future Growth Plans, have now been analysed.
With responses from over 340 national SME manufacturing businesses, this report helps us to identify levels of confidence, trends, and opinions across the industry, which we can now share with you.
Compared to the Barometer published in April, this quarter's national report shows that whilst some respondents are feeling slightly more optimistic about their business' future prospects, many are still facing challenges as a result of the COVID-19 crisis:
Download the National Manufacturing Barometer Report here
We also analysed the responses of Yorkshire and Humber based SME manufacturers to further understand the steps that regional businesses are taking as part of their COVID-19 recovery strategy:
Download the Yorkshire & Humber Report here
Both nationally and regionally, 80% of those questioned have already utilised the Coronavirus Job Retention Scheme (Furlough), which is due to end in October, and around a third still predict the need to cut staff numbers over the next six months.
The report indicates the areas where additional government support is required to further protect jobs and help SME manufacturers until the sector returns to its pre-COVID-19 position.
Visit the Manufacturing Growth Programme website for more information on the Manufacturing Barometer survey: www.manufacturinggrowthprogramme.co.uk