My company, RYSE 3D, should be the poster boy for enterprise for Rachel Reeves and the Government.

We epitomise the very essence of advanced manufacturing, disrupting the world of 3D printing and producing complex components for over 20 of the most advanced hypercar projects in the globe.

Fifteen high value jobs have been created since we started, and I've got the receipts for about £2m of investment at our office in Shipston-on-Stour in Warwickshire.

Surely, we must be the type of high-tech business Sir Keir Starmer wants to champion?

So why do I feel so deflated, especially after another Budget that lacks ambition, does little for manufacturing growth and, quite frankly, has got me looking at whether a second plant overseas is a better financial option than expanding in the UK.

Don't get me wrong, I love British manufacturing and innovation, it's what we do best and we're really good at it.

Unfortunately, it doesn't appear anyone in government feels the same way, with the introduction of the Employment Rights Bill and increases in NICs already curtailing our recruitment plans. Now we have the salary sacrifice scheme to contend with.

Freezing income tax and NI thresholds until 2031 is effectively a long-term tax rise disguised as 'stability'.

Advanced manufacturing firms like ours rely on highly skilled engineers, designers and technicians and this policy will result in higher wage pressure, increased employer costs, and a tougher environment for retaining world-class talent

Rachel Reeves spoke about making Britain a great place to start and scale-up, but where is the proof?

Increasing the tax rate on dividends does little to encourage the risk takers, the wealth generators and international entrepreneurs who may be keen on doing business in the UK.

The Government talks about productivity, growth missions and industrial revival.

But you cannot tax an economy into competitiveness. You cannot increase the cost of labour, reduce the attractiveness of long-term benefits, and simultaneously claim to back engineering, design and manufacturing excellence.

Our sector wants to invest. We want to hire, and we want to build. Labour is making that harder, not easier. It lacks the bold, pro-industry vision the UK urgently needs.

Instead of empowering the companies actually creating future technologies, it reaches once again into the pockets of those trying to do the heavy lifting.

If Britain is serious about becoming a global leader in advanced manufacturing, then our fiscal policy must stop treating industrial growth as an afterthought. At present, we are not rising to the challenge.

Mitchell Barnes founded RYSE 3D in 2017 and from its base in Warwickshire provides production components to some of the automotive world's most exciting current and future vehicles. His company has been awarded a King's Award for Innovation.