LONDON, Oct 27 (Reuters) – British manufacturers are investing the least in new equipment relative to their sales since 2017, according to a report from trade body Make UK, which urged the government to streamline tax incentives in next month’s annual budget.
Make UK said manufacturers were investing the equivalent of 6.8% of their annual turnover in plant and machinery this year, down from 8.1% in 2024 and the lowest proportion in any survey in the past eight years. Investment in research and development fell to 6.2% of turnover from 6.5%, while spending on staff costs and training was becoming a greater priority.
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UK manufacturers invest at slowest pace since 2017, report says
