THE Government must “swiftly implement” its new industrial strategy in order to support manufacturers growth plans, according to an industry body.

A report by EEF and NatWest has called on the government to speed up plans to introduce a “consistent and coherent” long-term strategy, adding that it is particularly vital as the UK deals with the “tricky” post-Brexit period.

The report said more than three quarters of manufacturers are actively looking to grow, whilst two-thirds are looking to increase productivity, margins and sales.

Nine in ten adults say the UK needs a comprehensive, long-term industrial strategy, whilst 86 per cent want the Government to promote a stronger manufacturing base in Britain, according to the report.

Liz Mayes, North-East region director at EEF, said: “It is not enough to talk about an industrial strategy – it is time for the Government to draw a line under the stop-go efforts of the past and to demonstrate its commitment to industry by putting some much-needed flesh on the bones.

“We must strive for better productivity, increased trade and more ambitious investment in new technologies.

“Manufacturers’ ambition and drive will help get the sector and our economy on the road to stronger, better-balanced growth, but this must be matched by Government."

Andrew Morton, relationship director,  corporate & commercial Banking at NatWest,  North East, said: “We have some amazing manufacturing businesses in this country.

“The industry is a significant part of the UK economy and it is vital that businesses are given the right support in order to compete globally and succeed.

“As this report clearly indicates, a long term industrial strategy will help UK manufacturers to compete and succeed in the future.”