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A new national programme to help small and medium manufacturing businesses to grow has officially launched.
Business Minister Mark Prisk and the Manufacturing Advisory Consortium (MAC) have announced that the new Manufacturing Advisory Service (MAS) is now available to all manufacturing businesses across England.
It has been estimated that the new MAS will help to generate £1.5 billion in economic growth, 23,000 jobs and safeguard 50,000 jobs.
Business Minister Mark Prisk said:
“Manufacturing contributes half of Britain’s exports and has much higher productivity than the rest of the economy so it is essential to our plans for growth.
“That is why we are taking steps to ensure our industrial base is thriving as part of a strong and balanced UK economy.
“The new Manufacturing Advisory Service will play a key role, providing tailored advice to businesses helping them to grow and thrive, with a specific focus on helping SMEs improve competitiveness and unlock their growth potential.”
If you would like to find out more about the programme you can call an advisor on 0845 658 9600.
A big thank you from the uktemps team, this year we’ve seen over 1.4 million of you accessing our site applying for over 400k temporary jobs.
Nearly a 250k of you came from London, followed by Manchester, Birmingham, Sheffield, Bristol, Glasgow and then Leeds. 80k of you accessed uktemps from your mobile, so we’re building you a new mobile version of the site.
What is the outlook for 2012…. Before the end of March we will have launched a completely new version of uktemps, with better search results, improved design, enhanced functionality, a mobile site, more jobs, easier application process and a CV database to manage your profiles.
All that remains to be said is have a great New Year and good luck with your job hunting.
All the best
uktemps
Hundreds of small businesses will benefit from government investment of £95 million to help boost growth and rebalance the economy.
The funding is expected to create at least 4,000 jobs and unlock around £500 million of new investment by small and medium businesses (SMEs).
RBS, NatWest and HSBC have agreed to facilitate the distribution of the £95 million - which is part of the government’s Regional Growth Fund. RBS and NatWest will facilitate £70 million and HSBC will facilitate £25 million. The banks will not profit financially from the administration of these schemes.
Through these schemes small businesses, which are unable to secure commercial funding for their project, have the potential to benefit from government support through the banks’ regional networks in order to make their project commercially viable. The schemes announced today will provide grants to support SMEs considering investing in new capital assets and creating new employment.
The RBS and NatWest scheme is called the regional growth fund and will distribute £70 million.
The HSBC scheme is called the Assisted Asset Purchase Scheme and will distribute £25 million.
The funding will support new job-creating investment by SMEs across England, in particular parts that have become over-dependent on the public sector. 100 per cent of the RGF funding will be provided as grants to SMEs with the banks employing their regional networks to administer the schemes on a pro-bono basis.
SMEs can qualify for a grant if they are going to invest in new capital assets, such as plant and machinery, and create new jobs – and cannot get normal bank finance.
- Grants of up to £500,000 will be awarded alongside the award of a new bank loan on commercial terms.
- To qualify for the NatWest and RBS scheme, SMEs need a turnover of less than £25 million.
- To qualify for the HSBC scheme the SME will need a turnover of less than 50 million Euros.
- The banks will not earn any fees to administer the scheme. Interest earned on any funds held on the bank’s balance sheet must be used for beneficiary grants or returned to the government.
The government’s Regional Growth Fund is a £1.4 billion fund supporting projects that can create jobs, are based in areas dependent on the public sector and are supported by private sector investment.
The CBI today called on the Government to introduce a new tax incentive to encourage companies to take on young unemployed people, as part of a package of measures aimed at boosting employment across the UK.
Against a backdrop of rising unemployment and with one in five young people currently out of work, the CBI is launching a new report Action for jobs: how to get the UK working. Among the measures it calls for is a new Young Britain Credit worth £1500 for firms taking on an unemployed person aged between 16 and 24 years. This would cover the first year’s National Insurance for employers, cost £150 million a year, and is affordable within the context of the Government’s deficit reduction plans.
Other proposals include: creating around 450 business ambassadors, one for each local area, to strengthen links between schools and businesses using successful schemes that build long-term partnerships; introducing a comprehensive “readiness for work” assessment for every unemployed person; and suspending, rather than completely cancelling benefits when someone initially takes a job to reduce the perceived risk of taking a short-term post.
