We firmly believe the only way to grow the wealth of a country is by making things – manufacturing. However we are horrified at the generally held misconception that UK manufacturing is finished or is in terminal decline with everything heading to China or India.
Although manufacturing is only 12.5% of GDP it accounts for 55% of our exports – the only way to pull more money into the country (unless you fancy borrowing more – see Greece) is to increase exports. The service sector is improving at exporting, but by far the easiest way is to keep manufacturing. We are still the 8th biggest country in the World for Manufacturing – not bad for a little Island (that puts more than 180 countries behind us). Manufacturing is good for the economy, for the people and fingers crossed good for Heaps. Here at Heaps we intend to play our small part.
Phase – after 145 years of buying and selling valves we finally launched our own valve (called Phase – an anagram of Heaps), made by us in the UK. We are investing heavily in UK manufacturing.