As we reflect on the 2024 Autumn Budget, it’s clear that the UK government is committed to revitalising British industry, with a strong focus on manufacturing. For Bosworth Plastics, a proudly UK-based plastic injection moulding company, these changes reinforce our belief in the value and importance of local manufacturing. Here’s why we believe now is the ideal time to invest in UK manufacturing—and why businesses like ours are ready to lead the charge.
1. Incentives for Investment in UK Manufacturing
The 2024 Budget includes increased tax incentives and grants for manufacturing companies to invest in new technology, machinery, and facilities. For manufacturers, this means we can invest in advanced equipment, streamline our production processes, and drive innovation while keeping costs in check. At Bosworth Plastics, we’re excited about the potential these incentives bring to modernise and grow our operations, ensuring we can deliver high-quality products more efficiently than ever.
2. Strengthening the UK Supply Chain
The Budget places a strong emphasis on boosting UK-based supply chains, with incentives to encourage domestic sourcing. For us and our customers, a resilient UK supply chain means greater reliability and less dependence on international suppliers, whose costs and lead times can be volatile. By manufacturing locally, Bosworth Plastics can deliver quicker, reduce transportation expenses, and keep supply chains consistent—giving our customers the reliability they need to grow their businesses.
3. Focus on Green Manufacturing
With heightened incentives for green manufacturing practices, this budget reaffirms the government’s commitment to sustainability. Bosworth Plastics is committed to producing responsibly, and with these new policies, we’re able to reduce our environmental footprint further. This focus on green practices aligns with our long-term goals of creating sustainable, eco-friendly solutions for our clients. Not only does this benefit the planet, but it also enhances our clients’ ability to meet increasingly important sustainability standards.
4. Supporting Skilled Jobs in the UK
The budget includes additional support for apprenticeships, training, and upskilling within the manufacturing sector. By focusing on developing a skilled domestic workforce, we’re not only investing in our industry’s future but also creating rewarding career opportunities here in the UK. At Bosworth Plastics, we’re excited to bring more skilled roles to our local community, ensuring that UK manufacturing has the expertise it needs to remain competitive and innovative.
5. Competitive Advantage with Made-in-Britain Quality
Choosing UK manufacturing gives companies a competitive edge. “Made in Britain” has long been a mark of quality, and with renewed support from the government, it’s a standard we can continue to uphold. With our advanced processes and stringent quality checks, Bosworth Plastics is proud to deliver premium products that our clients can trust.
6. Cost Savings from Local Production
International production often comes with fluctuating costs due to shipping fees, tariffs, and currency changes. Manufacturing in the UK reduces these variables and ensures more stable pricing for our clients. With the support from the Autumn Budget, we’re able to keep costs manageable while maintaining quality and consistency—benefits that we’re thrilled to pass on to our customers.
Now’s the Time to Invest in UK Manufacturing
At Bosworth Plastics, we’re passionate about UK manufacturing and believe the 2024 Autumn Budget has created an environment primed for growth and innovation. With government-backed incentives, a commitment to sustainability, and a strong emphasis on quality, there’s never been a better time to choose British manufacturing.
Whether you’re a new business or looking to bring your production closer to home, Bosworth Plastics is here to help. Let’s strengthen the UK economy together by choosing local manufacturing—driving quality, efficiency, and sustainable growth every step of the way.