What's Happening?
Mandy Ridyard, Director of ASG Produmax, has been appointed to the National Manufacturing Commission, which is part of the All-Party Parliamentary Manufacturing Group (APMG). The Commission is launching an inquiry into how the UK Government's Industrial
Strategy can best support small and medium-sized manufacturers. This inquiry will focus on areas such as building sovereign capability, tackling energy costs, improving access to finance, and streamlining the regulatory environment. Ridyard's appointment is seen as pivotal for the sector, as she emphasizes the importance of SME voices in shaping the Industrial Strategy.
Why It's Important?
The appointment of Mandy Ridyard to the National Manufacturing Commission is significant as it highlights the crucial role of SMEs in the UK manufacturing sector. SMEs are considered the backbone of the UK's 250,000 active manufacturing businesses, and their ability to innovate and contribute to economic growth is vital. Ridyard's experience and advocacy for SME competitiveness can help ensure that these businesses receive the necessary support to thrive globally. This development could lead to enhanced policy recommendations that strengthen the resilience and growth of the manufacturing industry.
What's Next?
The inquiry, co-chaired by Bill Esterson MP and Lord Bilimoria of Chelsea, will gather evidence from industry leaders, academics, and policymakers to shape actionable recommendations for the government. A steering group of senior figures from academia, advanced manufacturing, and SME leadership will guide the inquiry's work. The focus will be on empowering manufacturers with access to affordable green energy, investment, skills, and digitization, which are essential for a bright future in UK manufacturing.
Beyond the Headlines
The appointment and subsequent inquiry could lead to long-term shifts in how the UK supports its manufacturing sector, particularly SMEs. By addressing energy costs and infrastructure challenges, the inquiry may also contribute to broader economic resilience and sustainability goals. The emphasis on digitization and green energy aligns with global trends towards more sustainable and technologically advanced manufacturing practices.
