Fallon tells manufacturers to cut costs to compete overseas

Tim Wallace
Follow Tim
BRITAIN needs a leaner and more efficient manufacturing sector if the country wants to increase exports and boost the struggling economy, business minister Michael Fallon will argue in a speech today.

He is offering small firms greater access to consultants who review business operations to find savings in an effort to allow them to compete more effectively with foreign rivals.

The minister argues the reviews and consulting offered through the Manufacturing Advice Service (MAS) have helped small firms gain an extra £620m in turnover since it launched 15 months ago, from £20m of government spending.

In that time consultants hired by the agency have reviewed 12,093 businesses and given out 16,867 days of consultancy.

“MAS and its team of local expert advisors are offering a truly valuable service that has already helped thousands of manufacturers generate over £600m in extra turnover,” the Conservative will say to an audience at Marshall Amplification’s site in Milton Keynes. “By strengthening our manufacturing base we put ourselves back on track for renewed growth and on a better footing to compete globally.”