MAS claims £620m boost to UK manufacturing

MAS3shirt-bThe government sponsored Manufacturing Advisory Service (MAS) says in its new annual report that it helped thousands of small manufacturing businesses generate nearly £620m of extra turnover in the last 15 months.

It claims that more than 9,000 firms have received the specialist support on offer from the service since January 2012.
Over the coming 12 months, MAS said it was set to safeguard some 20,000 jobs with the potential of creating 7,200 new positions as companies took advantage of “new opportunities presented by re-shoring, massive investment in automotive and a growing desire to buy British”.
Business and Energy Minister Michael Fallon outlined the figures during the launch of the organisation’s Annual Report at Marshall Amplification in Milton Keynes.
In the last fifteen months, MAS reported that it:
-Delivered 12,093 business reviews
-Completed 2,341 in-depth support projects
-Provided 16,867 days of in-depth consultancy
-Delivered a 20 x return on investment (ROI)
-Achieved 98% customer satisfaction
-Established the MAS Barometer as the largest SME manufacturing survey in England.
MAS area director Lorraine Holmes said the service would focus on supporting the delivery of the Government’s Industrial Strategy.

This material is protected by copyright Ken Hurst 2013.

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About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
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