SCORES of the North East’s leading manufacturing companies have signed up to a major Journal-backed initiative to showcase the resurgence of the sector.
The Ernst & Young Manufacturers’ League resumes next month after a 10-year absence.
And organisers have been hugely encouraged by the enthusiastic response from businesses across the sector to the return of the initiative.
From next month, participating companies will be submitting their accounts on a quarterly basis, and the top performers will be listed in our special supplements in The Journal.
There will be league tables ranked according to growth in turnover, employee numbers, export sales and apprenticeship places.
Simon Whiteside, director at Ernst & Young in Newcastle, said he was delighted that so many firms had already signed up to take part.
“The Ernst & Young Manufacturers’ League has received a great deal of support from all spectrums of the sector in the region, from fabrication and component manufacturing for the oil and gas sector, to businesses supporting the pharmaceutical, medical, aerospace and automotive industries. The breadth of interest has been striking.
“The league is also supported by industry groups and local intermediaries – banks and lawyers.
“There is a consensus that the time is right to recognise the achievement of North East manufacturers and their contribution to the future of the economy. Manufacturing accounts for just over 10% of the economy: in continued uncertain times they have a vital role to play.”
The original manufacturers’ league ran for eight years until 2002, and its annual celebration dinners were a mainstay of the North East business calendar.
The relaunched league promises to be just as successful, with senior figures from across the sector saying its return is timely and welcome.
The manufacturers’ employers organisation, EEF, is encouraging its members to sign up.
Regional director Andy Tuscher said: “This is a really great opportunity to showcase the best of manufacturing in the North East and to show the rest of the economy just how strong our manufacturing base is.
“The North East is still the only region in the UK with a positive balance of trade and, while that is in a large part due to the success of Nissan, we have a strong presence in the wider automotive supply chain, as well as in oil and gas, defence, aerospace and, increasingly, in renewable energy.
“This region is therefore in a really strong position in many of the key growth areas, and the manufacturers’ league is a chance to tell the world about what is going on here. Unfortunately, a lot of manufacturers traditionally like to keep a low profile, but it would be great to hear from them now and to highlight their successes through the league.”
It is not too late to sign up to take part in the Ernst & Young Manufacturers’ League. Companies interested in joining can email eymanleague@ uk.ey.com to note their interest, providing minimal identifying information and a description of their manufacturing operations in the region. The closing date for entries is September 30.