Industry News

Nexus CIFS underlines the importance of scale-ups for the UK economy

"If we take action now to focus on scale-ups, we will secure significant growth in jobs, taxes and wealth, and the competitive advantage of Britain for generations to come", underlines Nexus CIFS commenting the latest Scale-Up Report on UK Economic GrowthA ‘scale-up’ is an enterprise with average annual growth in employees (or turnover) greater than 20% over a three-year period.

The UK report explains how a boost of just 1% to our scale-up population should drive an additional 238,000 jobs and £38 billion to the economy within three years. In the medium-term, we stand to benefit by £96 billion per annum and in the long-run, if we close the scale-up gap, then we stand to gain 150,000 net jobs and £225 billion by 2034. This goes hand-in-hand with the UK’s need to grow its export industries.

"We are delighted that so many of our clients fit into the ‘scale up’ category and are the real drivers of our economy", says Nexus CIFS. "It could well be a time when big changes are made to suppliers, the way you do business, and when you have to think globally rather than domestically – all part of the ‘growing pains’ that need to be dealt with effectively".

TRADA launches its third National Student Design Competition

TRADA, through its successful University Engagement Programme (UEP), has set its third National Student Design Competition – dubbed Arboreal for 2016.

The challenge will see students tasked with designing a brand new flagship timber structure for Arboreal, at the Sylva Wood Centre in south Oxfordshire.

The design brief includes creating a new two-storey timber structure to serve as a multi use building, housing offices, seminar space, exhibition space and a field laboratory.

The competitors need to reflect the ethos and vision of the charity. At the same time, they’ll need to incorporate cutting-edge materials and technologies throughout to act as inspiration to visitors and users and create a sustainable building both with the materials they propose and long term usage of the new building.

The deadline to join the competition is Friday 11th March 2016

Find out more here.

New PABIAC Industry Strategy for CPI

On Tuesday 30 June, Judith Hackitt, CBE, Chair, Health and Safety Executive (HSE) for CPI, launched the new Paper and Board Industry Advisory Committee (PABIAC) Industry Strategy at CPI’s Biennial Health Safety Conference. Two hundred and fifty delegates from across the UK Paper Industry attended the event.

"CPI is delighted with the level of support from industry and this year’s record attendance is testament to the importance of health and safety to the industry", said Andrew Braund, CPI Director of Health and Safety.

Judith Hackitt emphasised that "health and safety is not about bureaucracy, it is not about what looks good on paper, it is about identifying the real health and safety risks that the Paper Industry faces". The challenge of these issues is to “aim to achieve lasting sustainable improvement", Hackitt added.

For more information click here.

Structural Timber Awards 2015 shortlist announced

The Structural Timber Awards 2015 shortlist has just been announced. Featuring over 160 entries across 14 categories, this year's awards offer several outstanding, innovative projects and products.

The winners will be declared at the dinner taking place on Tuesday 06 October 2015 at the National Exhibition Centre (NEC), Birmingham during the UK Construction Week

For the short list click here.

Furniture industry still optimistic but fall in gross profit margins, BFM survey warns

The British Furniture Manufacturers (BFM) has published its latest state of trade survey along with its annual survey of financial ratios.

According to the report, "the industry continues to feel optimistic about the general business situation despite lower output levels and fewer new orders that were initially hoped for in February this year, when the last survey was undertaken". 

The BFM underlines that more companies "are still reporting increases in raw material costs that those reporting falls, although the gap is closing and the inference is that for many products costs are at least stabilising or falling".

"Export performance was disappointing showing the worst performance for over 2 years in terms of the number of companies reporting sales overseas", the survey warns. "Gross profit margins have declined which infers that more money is being spent on direct labour and/or materials than can be recovered through price increases.". 

More details on BFM website.