The Confederation of British Metalforming (CBM) has partnered with NatWest to enhance the industry’s prospects. This initiative is part of the organization’s effort to assist businesses in managing economic challenges. Members will gain direct access to NatWest’s specialized manufacturing team and financial services and advice. Manufacturers will also have a chance to share their current challenges and identify opportunities. The feedback will provide effective insights that can help shape future products and support.
Steve Morley, president of the CBM, said, “Finance is so important for our manufacturers, so it made perfect sense to invite a key supporter of the sector into our membership.”
“NatWest already has an excellent reputation in industry and have experts who understand some of the nuances our companies are facing. Importantly, everyone I’ve met there has been hugely passionate about the engineering talent we have in the UK and how we can best support it going forwards.”
He continued: “We’ve worked with them to tailor the membership package and are currently in talks about hosting a series of best practice educational events that will take place at The National Metalforming Centre.”
“Financial services is a critical aspect of our sector, both in the good times and in the difficult ones and, with new tax implications coming in and the spectre of Carbon Border Adjustment Mechanism (CBAM) on the horizon, we know NatWest will bring a lot of value to the table.”
The CBM expects British manufacturing to face major challenges in the coming months. Companies will have to deal with rising energy prices, new changes to minimum wage, and increased NIC contributions. Members have voiced concerns about wage inflation and the need to pause hiring due to higher expenses, which are outcomes of changes announced in the last Labor budget.
Steve continued: “We’ve already introduced NatWest to one of our members, who were having issues with their bank not understanding the situation. They didn’t hesitate to help, arranging a meeting and then coming up with a solution that worked for all parties. I can see a lot more of this happening.”
Laura Capper, head of manufacturing at NatWest, added her support: “At NatWest, we understand the unique challenges manufacturers face, and we’re committed to providing tailored financial solutions that support their growth and resilience.”
“Our membership and relationship with the CBM are a natural extension of our dedication to the sector, and we’re excited to collaborate with industry leaders to address both current and future challenges.”
“By working closely with businesses, we aim to deliver insights and solutions that drive long-term success and help manufacturers navigate a rapidly evolving economic landscape.”
About Confederation of British Metalforming (CBM)
The Confederation of British Metalforming (CBM), established in 1998, is the trade association for UK manufacturers specializing in fasteners, forgings, pressings, cold-rolled, and sheet metal products. Headquartered at the National Metalforming Centre in West Bromwich, West Midlands, CBM represents over 200 member companies across various strategic sectors, including aerospace, automotive, construction, defense, engineering, nuclear, offshore, and white goods. Collectively, these members employ approximately 70,000 individuals and generate annual sales exceeding £40 billion. CBM offers a range of services to its members, such as business support, lobbying, promotion, knowledge sharing, and coordinating the Climate Change Levy administration, saving members £4 million annually. The organization focuses on enhancing existing membership services and introducing new initiatives to support, advise, and inform companies, ensuring they prosper in their respective industries.
About NatWest
NatWest Group, headquartered in Edinburgh, Scotland, is a British banking and insurance holding company established in 1968. The group operates various banking brands, including National Westminster Bank (NatWest), Royal Bank of Scotland, and Coutts, offering services such as personal and business banking, private banking, investment banking, insurance, and corporate finance. As of 2024, NatWest Group reported revenues of £14.703 billion. The group employs approximately 60,700 individuals. In May 2023, NatWest announced plans to provide an additional £1 billion in lending to the UK manufacturing sector by the end of 2030, aiming to stimulate growth and assist manufacturers in investing in cleaner, efficient energy solutions, aligning with the transition to a net-zero economy. Additionally, NatWest collaborates with organizations like the Confederation of British Metalforming (CBM) to offer financial expertise and support to businesses within the metalforming industry. The collaborations underscore NatWest’s commitment to supporting the manufacturing sector’s growth and sustainability.