The Confederation of British Metalforming (CBM), a leading trade body representing over 200 companies and 70,000 employees, has announced a new strategic relationship with NatWest. This partnership marks the first time a financial services provider has joined the CBM, aiming to strengthen support for the UK manufacturing sector.
The collaboration is part of the CBM’s renewed strategy to help businesses navigate the complex economic environment. Members will gain direct access to NatWest’s specialist manufacturing team and a range of financial advice and services. Additionally, manufacturers will have the opportunity to share feedback on current challenges and opportunities, providing valuable insights to shape future financial products and support.
Steve Morley, President of the CBM, highlighted the importance of the partnership. “Finance is critical for our manufacturers, so it made perfect sense to bring a key supporter like NatWest into our membership. They have a strong reputation in the industry and experts who understand the unique challenges our companies face. Everyone I’ve met at NatWest is passionate about UK engineering talent and how we can best support it moving forward.”
Morley added that the two organizations are working on a tailored membership package and are planning a series of educational events at the National Metalforming Centre. “Financial services are vital for our sector, especially with new tax implications and the upcoming Carbon Border Adjustment Mechanism (CBAM). We believe NatWest will bring significant value to our members,” he said.
Challenges Ahead for UK Manufacturing
The CBM warns that the coming months will bring significant challenges for UK manufacturers. Rising energy costs, changes to the minimum wage, and increased National Insurance contributions are expected to strain businesses. Many members have already raised concerns about wage inflation and the need to pause recruitment due to rising costs, stemming from recent government budget changes.
Morley shared an example of NatWest’s immediate impact. “We introduced NatWest to one of our members who was struggling with their bank. NatWest quickly arranged a meeting and developed a solution that worked for everyone. I expect to see more of this kind of support in the future.”
NatWest’s Commitment to Manufacturing
Laura Capper, Head of Manufacturing at NatWest, emphasized the bank’s dedication to the sector. “We understand the unique challenges manufacturers face and are committed to providing tailored financial solutions that support their growth and resilience. Our partnership with the CBM reflects our dedication to the industry, and we look forward to collaborating with industry leaders to address both current and future challenges. Together, we aim to deliver insights and solutions that drive long-term success.”
The CBM remains the leading trade organization for UK manufacturers of fasteners, forgings, pressings, and sheet-metal products. Over the past year, it has expanded its membership, attracting major companies like Jaguar Land Rover (JLR). The organization is now exploring additional strategic partnerships to bring further expertise to its members.
This collaboration between the CBM and NatWest underscores a shared commitment to supporting UK manufacturers through challenging times and fostering long-term growth in the sector.
