As we get closer to a UK election there is a lot on peoples minds. The “snap” election has postponed slightly the “Brexit” discussions /negotiations. However, whatever the outcome of the election, because both the main parties have vowed to see “Brexit” through, business will have to be leaner and fitter than ever before. I have talked about speeding up the decision making processes before. Not only do businesses need to get their act together in their own facilities, they also need to look at the supply chain, and ensure they are protected without interruptions.
If their are opportunities to bring facilities back into the UK to both shorten the supply chain, and to mitigate against higher potential costs abroad (exchange rates), government funding may also available to support this process. Match funds are available through the LEPS (Local Enterprise Partnerships ) . Furthermore the Manufacturing Growth Programme has been initiated recently, similar to the old MAS, which provides the opportunity for qualifying companies to get significant rebates for associated tranches of consultancy, similar to the services we offer.
As I mentioned in my previous blog, governments also need to get smarter, such as removing unnecessary bureaucracy , that allows companies to make investments, purchase land, and also have the correct infrastructure in place to expand. A “Lean” mindset is critical for delivering on this. A leaner business does not just have lower operating costs and working capital, but it will be more agile in the market with a greater chance of surviving the turbulent times.