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Brexit concern sparks £23 billion investment in UK economy

Last week we wrote about an impressive £1.7 billion productivity improvement in the UK economy between 2010 and 2015, which was largely down to energy-efficiency upgrades in the industrial sector. However, it has since been reported that the uncertainty created by the impending exit from the EU has led to forecasts of a productivity slump.

Responding to this, Chancellor Philip Hammond has announced that Britain will inject £23 billion into the economy over the next five years in order to boost productivity, with a focus on innovation.

Electric motor-powered equipment, including pumps, fans, conveyors and mixers, accounts for around 65% of industrial electricity consumption and is an area that can yield significant productivity improvements with the right investment.

Combining high-efficiency IE3 and IE4 electric motors with variable-speed drives means users can enjoy the win-win of optimising their process to use minimal power while also increasing output.

Gibbons Engineering Group is a founder member of the authorised value provider scheme, which means we’re approved to supply, install, programme and offer multiple services for ABB drives.

For more information on the considerable opportunity for improving productivity in your industrial process, call Drives Manager Alan Roberts on 07966 468430 or email alan@gibbonsgroup.co.uk.

To discuss our range of IE3 and IE4 electric motors, speak to Steven Burmby on 01621 868138 or email steven@gibbonsgroup.co.uk.

Variable-Speed Drives, Electric Motors, Pumps & Controls

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