3 Inspiring Stories of Investment within UK Industry from 2022

By Made In Group
schedule6th Oct 22

Since Made in Group launched The Editor's Pick just over one year ago, the project has shined a light on the stories of over 40 companies so far.

 

This live instalment sees one industry leader take the role of Guest Editor each week, selecting three recent news stories from Made in Group to interview, during a live, open forum discussion. Episodes are streamed live and uploaded to Made in Group's YouTube channel, Made LIVE.

 

This series has seen a wide variety of topics discussed surrounding the UK manufacturing and engineering industry, including apprenticeships, company investments, employee success stories, rebrands, and many more compelling company stories. Here, we are looking back on 3 times The Editor's Pick told stories which orientated around investment within UK industry this year.

 

CBE+ CEO Speaks on Company's £4m Project to Bring 5 Divisions Under 1 Roof

Back in August 2022, CBE+’s CEO Marie Cooper spoke about having recently completed its £4m project to bring its five divisions under one roof. The firm – which was formerly known as Nitec UK – has operated from two separate sites since 2017 when owners Marie Cooper and Chris Brown acquired the five businesses which make up the company today. The £4m project has seen the firm install five plating lines, blasting and heat treatment capabilities at the site, which was previously home to BG Engineering before CBE+ made it its headquarters.

 

 

Recruitment Drives, Investment and £5 Million Targets

In May 2022, James Worthington, Managing Director at MyWorkwear, was a guest after MyWorkwear having recently opened a new production area following a £100k investment. James emphasised the importance of a huge recruitment drive that the company had been on in recent times, with this growth having also supported an increase in local jobs with employee numbers increasing by over 60% in the last year alone. After a slight change in ownership during 2021, Myworkwear opened its new production area this week and the business is now setting its sights on £5 million in sales by 2025. With a £100k Capex investment, MyWorkwear has purchased three new embroidery machines and a direct-to-film print machine, along with other technology-related items, which will enable them to increase production substantially in 2022 and beyond. The new capacity will allow the business to secure new contracts from companies looking for personalised workwear and uniforms.

 

 

The Importance of Investing in a Green Agenda

In March 2022, Allan Joyce (Managing Director of Balmoral Tanks) spoke about the company's investment in a "green agenda", such as their carbon reducing facilities. Since 2018, Balmoral Tanks had invested more than £20m in their 150,000sqft (14,000sqm), state-of-the-art design and manufacturing facilities in Thurnscoe, South Yorkshire. Allan emphasised that, whilst their can be a financial incentive for businesses to concentrate their efforts on more "green" practices, it is the moral duty that stands out for him. 

 


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