Following the CBI SME Trends Survey being published this morning, Chirag Shah, CEO, Nucleus Commercial Finance comments on the CBI SME Trends Survey: “It’s extremely welcome news to see manufacturing activity growing at record pace and businesses looking to invest in their futures, with firms expecting to increase capital expenditure on training and retaining in the next year. These figures are reflective of the easing of lockdown restrictions and mirror the demand we’re seeing among manufacturing firms.
“However, it’s clear that challenges still remain for the manufacturing sector, despite its continued momentum. Not only are we seeing the impact of Brexit which is resulting in the shortage of labour of construction workers, but this is also having a knock-on impact on wage inflation in this space.
“Looking ahead, it’s vital that the government and industry work collaboratively, to provide businesses with the support and access to finance they need so they can invest in their futures and contribute to UK GDP.”