Today sees the government unveil a ten point plan as part of a new industrial strategy to drive growth in UK manufacturing.
Whilst any focus on rebalancing the economy is welcome, companies need action not soundbites so it will be interesting to see if Theresa May is fully committed to pushing through initiatives that benefit all companies, not just those in the service sector.
The Brexit vote was obviously a defining moment for UK PLC and manufacturing has more to gain in a brave new world where more UK manufactured goods are bought by UK consumers.
At GF Laser, even before Brexit, we have seen a trend of reshoring manufactured goods where overseas suppliers did not fully understand the quality requirements. In addition, rising transport and logistics costs mean that sourcing from overseas is no longer the cheap option.
One of the most positive points to come out of today’s announcement is the return to a location appropriate approach to government funding and support. Who better to support local businesses than local government who understand the particular needs of a region?
The recent success of Jaguar Land Rover and Nissan’s commitment to the UK all points to a rosy future for the UK’s automotive sector. This can only be bolstered by a manufacturing friendly Government where new OEM’s will see the UK as a great place to make cars with the supply base and skill set in place.
At GF Laser we’re cautiously optimistic about today’s announcement and anything that allows us to be more competitive is welcomed. Let’s hope that today’s announcement is fleshed out with some all-important detail and action over the next few months and years.
Simon Tregillus | Director
T: 01384 245095
M: 07792 143076
You can contact me through LinkedIn https://uk.linkedin.com/in/simon-tregillus-5ab05b10