InvestUK

London EV Company (LEVC)'s £500 million manufacturing plant in Coventry was the UK's first dedicated electric vehicle production facility when it opened in 2017. Last year, the state-of-the art Ansty Park factory, which employs more than 500 people, celebrated a major milestone when the 10,000th vehicle rolled off the production line. Sustainable manufacturing has always been at the core of LEVC's operations which is why the company partnered with Axil Integrated Services ♻️ in 2020 to improve waste processes, maintain zero to landfill status, and drive out costs. Following the roll-out of Axil’s Total Waste Management service in October 2020, LEVC are seeing impressive results, including: ▪️ 212% increase in metal rebates following improved segregation. ▪️ 100% diverted from landfill by improving waste segregation on site. ▪️ 100% segregated at source for sustainable disposal. Read the full, unabridged article: bit.ly/AXIL_LEVC

The UK is now the fourth largest exporter of goods and services in the world, overtaking France, Netherlands and Japan. According to the latest statistics from the UN Conference on Trade and Development (UNCTAD), which leads on global trade for the UN, the UK has overtaken France, Netherlands and Japan to take fourth position, behind only China, the US, and Germany. In a separate report, the recently published 'The True Impact of UK Manufacturing’ shows industry is worth £518bn and supports 7.3million UK jobs directly and across the supply chains/communities it operates in. This represents nearly a quarter of total GDP (23%) and far bigger than the direct contribution of 8.2% that is usually quoted by economists. Carried out by Oxford Economics and the Manufacturing Technologies Association (MTA), the in-depth report also shows that ‘making things’ accounts for 34.5% of all UK goods and services exports.

From startups and accelerators to high volumes of VC investment and revenue, the UK is among the top performing fintech sectors globally 📊 We’re showcasing our fintech capabilities to more than 200 international delegates from 20 countries as part of this year’s UK Fintech Week. Find out more here 👉 https://lnkd.in/enGHyV3N Innovate Finance | #Fintech

A phenomenal couple of months for the UK's booming automotive industry: ▪️ The Mercedes-AMG PETRONAS Formula One Team is set to create 500 new jobs after securing approval for a £30 million expansion of its Brackley F1 factory. ▪️ Jaguar Land Rover (JLR) is creating 250 new jobs in the West Midlands to support its £15 billion electrification programme. The roles are based at JLR’s Gaydon Engineering Centre in Warwickshire and the recently opened £250 million Future Energy Lab in Whitley, Coventry, ▪️ Aston Martin is creating more than 400 new jobs at its Gaydon and St Athan plants to support the production of its next generation of sports cars and the DBX707 SUV. ▪️ Rolls-Royce Motor Cars has secured planning permission for a major expansion of its Goodwood manufacturing plant in West Sussex. ▪️ Stellantis announced plans to build electric vans at its Luton plant from next year, securing the site's future and more than 1,500 jobs. ▪️ Ford Motor Company opened a new £24 million facility at its UK headquarters in Essex, reaffirming the Dunton Campus’ vital role in delivering Ford’s European electric vehicle plans. ▪️ Tata Group's new £4 billion manufacturing plant, which is expected to create 4,000 direct jobs and thousands more across the supply chain, will be built at the 620-acre Gravity Smart Campus in Bridgwater, Somerset. ▪️ BSA motorcycles are set to be built in Britain again for the first time in more than 50 years. The historic marque, which is a subsidiary of Mahindra & Mahindra-owned Classic Legends, plans to open a new factory in the UK to manufacture motorcycles for both the domestic and international markets. ▪️ Expected to create more than 2,500 jobs, a huge expansion of MIRA Technology Park - already home to over 35 major firms including Aston Martin, Polestar, Triumph, GKN and JLR - has been approved. ▪️ Production of the new, fifth generation MINI Cooper is underway at BMW's Oxford plant. Supported by a £600 million investment programme, the factory is also preparing to build two new all-electric MINI models from 2026. ▪️ Canadian-owned automotive giant Magna is set to significantly increase its UK production capacity, and create dozens of new jobs, with a major expansion of its Cosma Casting factory in Telford.

Safe-guarding the generations to come – why we must invest

We’re making 2024 the year of the SME 🎉 Read about new government support as we host the first ever Business Connect conference dedicated solely to small and medium-sized companies 👉 https://lnkd.in/e-dCYMDa And swipe for the UK SME scene in numbers 👇