Research by the manufacturers’ organisation, the EEF found grounds for optimism for jobs and investment, despite the continued uncertainty of the impact of Brexit.
A survey of almost 300 company executives revealed half see more risks than opportunities in 2017.
EEF said the results showed that companies felt “quietly confident” about the year ahead.
Terry Scuoler, chief executive of the EEF, said: “Global political upheaval means that 2017 looks set to be another bumpy ride, with manufacturers forced to navigate uncertainty, unpredictable economic conditions and a number of risks that have been amplified by Brexit.
“A smooth journey is far from guaranteed, but firms are strongly attuned to the challenges and remain fully focused and determined to deliver on their long-term plans for growth. With a new digitall-ydriven industrial era on the horizon, this long-term vision is vital – despite the peaks and troughs, manufacturers cannot afford to be diverted away from where they need to be.
“In many ways, 2017 is likely to be another unprecedented year of change and uncertainty, but the UK manufacturing sector remains ambitious, resilient and adaptable.”
Up-and-coming British acts including singer Jamie Isaac, The Saturdays star Vanessa White and indie band Everything Everything are among those awarded a share of nearly £250,000 of Government money to launch their careers overseas.
The Music Export Growth Scheme, run by the British Phonographic Industry, has made £249,385 worth of grants to British labels and music companies to boost 21 of their acts’ profiles in other countries through tours and promotion.
Brit School alumni Isaac, who made a name for himself in the UK in 2016, is one of the recipients, as are Manchester band Everything Everything and London post-punk act White Lies.
One of the solo artists given funding is White, better known as a member of girl group The Saturdays, who is striking out on her own and hoping to make it big in the Philippines.
The scheme launched in January 2014 with the Department for International Trade and has already awarded £1.6million of Government investment to promote more than 100 UK artists internationally.
Applications are now open for the next round of funding.
Britain’s superyacht industry has posted its highest sales figures since the financial crisis, and industry experts say momentum has not been torpedoed by Brexit jitters.
Industry revenues rose 1.6 per cent to £3.01billion in the year to April 2016 which is the first time that sales figures breached £3billion since the economic crash of 2008-2009, British Marine said. That was driven by an 8.8 per cent rise in engines and equipment manufacturing revenues to £335million, and a 6.8 per cent jump in hire, passenger and charter boats to £351million.
Meanwhile, marinas and moorings revenues increased by 3.6 per cent to £222million.
British Marine chief executive Howard Pridding said: “The industry remains robust – revenue is growing and we are taking on more employees. Despite the post-referendum volatility impacting on business and consumer confidence, the industry remains bullish and keen to take advantage of the short and medium-term opportunities that lie ahead.”
British Marine’s industry trends survey shows business confidence has jumped by 17 per cent from minus 7 per cent in July 2016.