This partnership will allow both organisations to work together to boost the fortunes of the manufacturing industry. It is part of the CBM’s new approach to helping businesses navigate the complex economic landscape and will give members direct access to the high street bank’s specialist manufacturing team, as well as a suite of financial advice and services.
New Partnership Focused on Financial Support for Manufacturers
There will also be opportunities for manufacturers to provide feedback on current challenges and identify where opportunities exist. This will deliver crucial intelligence that can be used to tailor future products and support for manufacturers.
Steve Morley, President of the CBM, was delighted with the move: “Finance is so important for our manufacturers, so it made perfect sense to invite a key supporter of the sector into our membership.”
Benefits for CBM Members Through Strategic Financial Services
“NatWest already has an excellent reputation in the industry, and they have experts who understand 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 forward,” Steve Morley added.
The partnership will focus on delivering a series of best practice educational events that will take place at The National Metalforming Centre.
Addressing Economic Challenges and Supporting Manufacturers’ Needs
“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,” Steve continued.
The CBM believes the next few months will pose significant challenges for British manufacturing, with companies having to adapt to rising energy prices again, new changes in minimum wage, and increased NIC contributions. Members have already expressed concerns about wage inflation and recruitment challenges due to increased expenditure, which have resulted directly from the recent changes announced in the last Labour budget.
Successful Collaboration Between NatWest and CBM Members
“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,” Steve Morley said.
NatWest’s Commitment to the Manufacturing Sector
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, NatWest aims to deliver insights and solutions that drive long-term success and help manufacturers navigate a rapidly evolving economic landscape.
Growing the CBM Membership and Strategic Partnerships
The CBM continues to be the premier trade organization for UK manufacturers of fasteners, forgings and pressings, cold-rolled and sheet-metal products. In the last year, the CBM has increased its membership by attracting new companies and heavyweight manufacturers such as JLR. They are also exploring additional strategic partnerships that can bring new expertise to their ranks.
