ALFED Monthly Board Report - Nov 2023

Monthly Report November 2023

Contents Accounts Member Updates/News Reaction to Autumn Statement Annual Dinner Charity – money raised so far Social Media Update

Member Updates/News All member updates including press releases submitted by members and news are shared regularly via the ALFED website and in the weekly ‘Member Update’ email that is sent to all members.

Updates and news shared throughout November include: -

Member news: AMADA Laser Cutting Investment Gives the Competitive Edge: https://alfed.org.uk/member-news-amada-laser-cutting-investment-gives-thecompetitive-edge/

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ALFED report analyses impact of international conflict on the UK extrusions market: https://alfed.org.uk/alfed-report-analyses-impact-of-internationalconflict-on-the-uk-extrusions-market/

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How is global conflict impacting the aluminium supply chain? https://alfed.org.uk/how-is-global-conflict-impacting-the-aluminium-supplychain/

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ALFED annual Business Briefing to address transformation of the aluminium industry: https://alfed.org.uk/alfed-annual-business-briefing/

Reaction to the Chancellor’s Autumn Statement Comment from Tom Jones, ALFED CEO:

“In his Autumn Statement this week, finance minister Jeremy Hunt has confirmed the pre-announced £4.5 billion in funding for British manufacturing to boost investment in eight sectors, including automotive, aerospace and clean energy. According to Hunt, the funding “will leverage many times that from the private sector, and in turn will grow our economy, creating more skilled, higher-paid jobs in new industries that will be built to last.” Hunt also confirmed that current tax breaks for businesses would become permanent, meaning UK businesses can claim back 25 pence in corporation tax for every pound invested in machinery and equipment.

“ALFED welcomes the government’s measures to stimulate UK manufacturing at a time of low economic growth, high inflation and fluctuating materials and energy prices.

These factors significantly affect the aluminium sector’s profitability and stability, an industry which directly employs more than 39,000 people in the UK and contributes around £2.9 billion in GVA to the UK economy.

“The sector’s substantial GVA not only helps to enhance the country’s overall economic output, but also boosts tax revenues which support public services and infrastructure development. It is therefore paramount that the government recognises the major contribution that aluminium makes to the British economy, and continues to implement measures like those announced by the Chancellor to ensure the global competitiveness and longevity of the UK aluminium industry.”

Annual Dinner Charity At this year's ALFED Annual Business Briefing and Dinner, we raised money for Children with Cancer UK. This incredible and important charity was the key theme of the postdinner entertainment casino, sponsored by ALFED members, Thermserve.

Members were encouraged to donate and the cause will be advertised to all at the dinner and in the lead-up to the event.

The total money raised so far stands at £905.

Social Media At the Aluminium Federation (ALFED), we use social media as an important way of engaging with our members through not only informing them of the benefits, training and networking opportunities they have access to as part of their membership, but also to give them a platform to shout about the projects and events they are getting involved in. Giving them a unique voice to share their hard work and dedication to creating a positive impact in the UK aluminium industry and the sectors move towards net zero.

The social media platforms we are active on are: - LinkedIn - Twitter - Instagram

Statistics LinkedIn: Visitor Highlights: Page Views: 538 Unique Visitors: 196 Custom Button Clicks: 6 Follower Highlights: Total Followers: 7,024 New followers in the last 30 days: 108 Post Highlights: Reactions: 527 Comments: 10 Twitter: Tweet impressions: 4,011 Total followers: 4,340 New followers: +17 Instagram: Total Posts: 97 Total Followers: 139 Total people we are following: 102

External Communications • • • •

2 news articles drafted 240K audience circulation 8 press cuttings £8K PR equivalent value