The Manufacturing Growth Network, a new initiative which is a rebrand and refocus of the former EY Manufacturers’ League, has been launched.
The League first appeared in 1995, with more than 100 businesses competing quarterly through league table reporting of their performance. It became synonymous with sparking discussion from the region’s leading businesses on strategies for growth, re-skilling and employment, exporting, entering international markets and scoping new emerging markets.
It has now been refreshed, rebranded and relaunched as the Manufacturing Growth Network (MGN) by EY, NRG, Lloyds Bank, Square One Law, EEF and Insider.
The MGN will publish quarterly league tables, share good news stories, provide networking opportunities between peer groups and enable manufacturing businesses of any size to obtain some free press coverage and exposure, at no cost to participating members.
Each quarter, Insider will publish the top ten companies in the following leagues:
- HR related topic – apprenticeships, retention, employee engagement, etc.
Network members will need to submit to EY certain quarterly KPI data by 13 October. This will be held securely within EY and solely be used to produce league tables of the top ten performing businesses based on incremental rather than absolute growth, so as to be fair to companies of all sizes. No numerical data is published.
Alongside the league tables will be commentary and good news stories from each of the sponsors.
Julie Mordue, client relationship manager at NRG, added: “NRG is delighted to be continuing our support for the Manufacturing Growth Network as it moves to a new online version.
“The MGN provides manufacturers with an opportunity to network, share best practice, and showcase positive news stories which highlight the strength of manufacturing in the North East. Whether your organisation competes for a top ten place in the quarterly growth tables, or simply wants to attend our best practice visits, there is something for everyone and it is totally free to join.”
Craig Cumpson, associate partner at EY, set out the firm’s rationale for supporting the MGN.
“EY is proud to sponsor the Manufacturers’ Growth Network to help promote and celebrate the opportunities that exist within the manufacturing industry in the region,” he said. “Our recent UK Attractiveness Report found that manufacturing is more important to employment in the North East than to the English regions as a whole.
“As such we are committed to working with businesses and policy makers, through programmes like this, to help demonstrate the strength of the region and the role it plays in the wider economy.”
Alison Smith, relationship director at Lloyds Bank Commercial Banking, said: “Manufacturing is key to the ongoing success of the region and the creation of the Manufacturing Growth Network will help it to go from strength to strength.
“We’re proud to support firms in the sector and are committed to helping them prosper as they invest, innovate and grow.”
John Hammill, corporate partner at Square One Law, added: “North East manufacturers continue to be leaders in their fields. Despite the uncertainties of Brexit and its potential impact on the economy, many of our manufacturers have grown impressively.
“The quarterly data report of the Manufacturing Growth Network will shine a light on such successes and provide those businesses with an opportunity to mark their achievements and benefit from sharing best practice.”
The publication date for the first set of league tables is 20 November. For further information about the Manufacturing Growth Network and how you may get involved contact Julie Mordue.