Britain’s manufacturers are stepping up their expenditure on sophisticated investments to determine their business strategies, according to a new report published today by EEF and Lombard Asset Finance.
In addition to investing on average, £1million annually on plant and machinery, the report shows that companies are increasing essential and complementary investment in ‘intangibles’ such as staff training, recruitment, R&D, software and marketing in order to derive a competitive advantage. However the report, which will be the first in a series tracking investment trends…
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