The recent Autumn Budget announced a significant increase in employer National Insurance contributions. This change could impose considerable additional costs on UK businesses, especially in sectors like manufacturing. For many manufacturers, this could strengthen the case for investment in industrial automation, particularly in systems like print and apply labelling technology, which can optimise production line output and reduce operational expenses in the long term.
With these National Insurance changes, many manufacturers will be considering industrial automation investment over the coming year. Automation solutions like print and apply labelling reduce errors, streamline production, and improve efficiency. This form of automation minimises manual label application and tracking errors, enhancing throughput while reducing costs. By automating labelling, companies can achieve both short-term efficiency gains and long-term savings; automation provides the flexibility to adjust workforce needs dynamically. For more details on the upcoming changes to NIC, see the UK Government’s guidance on National Insurance contributions.
Furthermore, investing in industrial automation like labelling systems enhances a company’s ability to meet stringent compliance and traceability standards, which are becoming more prevalent across industries. Automated labelling ensures consistency, quality, and accurate tracking of products, which can help companies reduce costly rework and maintain regulatory compliance. This precision is crucial for sectors like food labelling, pharmaceutical regulations, and logistics, where accuracy and traceability are paramount.
Financial options are also out there to support this increased need to invest in automation, such as leasing; you can lease a print and apply labelling system from Cobalt for as little as £95 per week, which includes delivery, installation, and all the service support you need to keep your lines running. For guidance on asset finance options that may be available, take a look at the UK Government’s advice on business finance.
