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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/report-manufacturing-growth-surges.jpg"><img class="alignnone size-full" title="Manufacturing is growing at the fastest rate since 1994, a report suggests" src="http://londonglossy.com/wp-content/uploads/2010/11/min-report-manufacturing-growth-surges.jpg" alt="Manufacturing is growing at the fastest rate since 1994, a report suggests"/></a></p>
<p>Manufacturing is growing at the fastest rate since 1994, with firms poised to create jobs as cuts are made in the public sector, according to a new report.</p>
<p>The Engineering Employers Federation (EEF) said a survey of 300 companies showed that most planned to invest in their business, with innovative ideas for growth.</p>
<p>The EEF said the study showed the potential of manufacturing to create jobs and &#8220;rebalance&#8221; the UK economy.</p>
<p>Chief executive Terry Scuoler said: &#8220;Manufacturing is well-placed to fill the growth gap as the public sector plays a smaller role in our economy and make the investments in innovation and skills that will drive our economy forward and create new jobs.</p>
<p>&#8220;But this will only happen if there is a genuine partnership with government that helps companies of all sizes and growth stages to overcome the barriers that they currently face.</p>
<p>&#8220;Whilst the current attention on young businesses and start-ups is helpful, we must not ignore the wider benefits to the economy that larger companies bring.</p>
<p>&#8220;The UK doesn&#8217;t just need a handful of larger companies over the next decade, we need hundreds of them with the scale and muscle to tackle our economic challenges. Otherwise, we risk placing a speed limit on our growth potential.&#8221;</p>
<p>Peter Russell, of the Royal Bank of Scotland, which helped with the research, added: &#8220;Manufacturing continues to make a significant contribution to the UK economy and is well-placed to play an even greater role in a sustained economic recovery.&#8221;</p>
<p>A Department for Business spokesman said: &#8220;Manufacturing is a key part of the Government&#8217;s plans to grow and rebalance the economy and we are committed to the long-term future of the industry.</p>
<p>&#8220;We will shortly be publishing a manufacturing framework, setting out a new and fresh approach that reflects manufacturing&#8217;s importance for our economic recovery and the growth of the UK economy.&#8221;</p>
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