The annual innovation roundtable, sponsored by the Sainsbury Management Fellowship, stated that a manufacturing trust needs to be established in the UK, to help the industry and small and small enterprises (SME) in the UK, to focus on innovations and remain competitive in the global market. The country continues to remain as the sixth largest manufacturing country in the world, despite closure of
... [Show full abstract] several of its leading industrial companies. The country needs to establish a manufacturing-focused organization that can direct the efforts of SMEs toward innovations and remain competitive in the market. The roundtable discussed on the ways the industry needs to manage technology and innovation in the future. The panel agreed that SMEs can make a significant contribution, to minimize the gap between manufacturing in the UK and other top five manufacturing countries in the world.