Cummins UK :: Business Management Studies

Cummins UK Cummins’ has many worldwide locations spreading widely into each continent. The European and Central Area Headquarters are located at Iver in Buckinghamshire. The Global Headquarters are located in Columbus in Indiana (USA). A map to show the location of the Cummins plant in Daventry is shown below. The location of the Daventry plant is in a central position in the country and is close to motorways, train-stations, and an International Airport (Birmingham). This makes it ideal for products and materials to be delivered and distributed throughout the country and onto other countries. The majority of Cummins’ employees are from Daventry. The unemployment level is 4.8% nationally, it is significantly lower in the Daventry district. The current unemployment rate in Northamptonshire is 1.7%. Before Cummins decided to set up a plant in Daventry they should have looked at the various aspects: †¢ Does Daventry have the qualified and skilled employees that Cummins need? †¢ Is the wage rate high in the Daventry area? †¢ Do we need to be near our customers? †¢ How much will it cost to set-up and keep running the plant in the Daventry area? Below is a map to show the location of Cummins in Daventry. It shows the surrounding roads which can be important to the location of a premises. Businesses set up in certain areas can gain by receiving grants. The government has sectioned the UK into Tier 1 and Tier 2. Tier 1 is the section in most need of grants because of high unemployment, lower earning levels. Tier 2 is the areas are more local areas of the country. Grant eligibility - the main factors There are a number of factors that affect the eligibility for grants. Location of your business Each of the countries of the United Kingdom has its own range of grants available. Some areas get extra grants due to social deprivation or high unemployment. Some grants are given by local authorities to help local businesses. Size of your business You may only be eligible for some grants if your business is a particular size, measured either by turnover or the number of employees. Many grants are limited to small or medium-sized enterprises (SMEs) - roughly one with fewer than 250 employees. Industry sector Grants are commonly targeted at industries that are economically disadvantaged. The government targets grants at industries they want to encourage. Grants rarely target retail businesses. Sales development increasingly attracts government grants, with an emphasis upon assistance to exporters. Grants are frequently targeted at manufacturing, farming and tourism. Businesses specialising in information technology and innovation are eligible for many grants. The purpose of the grant Grants are often awarded for a specific purpose such as purchasing