Following the news that the UK government will be scaling back support for businesses with energy bills from April, Mark Yeeles, VP Industrial Automation UK&I at Schneider Electric said:
“2023 will be a challenging year for manufacturers. Significant headwinds from rising energy prices and political uncertainty pose an unprecedented test of resilience. Now, with the government having announced that they will be scaling back energy bill support, manufacturers will be bracing themselves further.
Growth in the economy at the national level is mostly driven by increased productivity in the industrial sector. Therefore, UK businesses have no option but to optimise their existing facilities to combat the macroeconomic challenges they currently face.
For the UK to unleash its manufacturing potential, we need to get to the crux of the issue, which is arming the workforce with the skills and mindset for digital adoption. This is a mission critical objective which the government needs to address if we want to raise optimism domestically and create an attractive landscape for investors.”
