The return of manufacturing to the UK is back in the news with the launch of Reshore UK; a joint initiative between UK Trade & Investment (UKTI) and the Manufacturing Advisory Service (MAS).
Reshore UK believe the interest in the return of manufacturing to the UK is due to the stable UK economy, the tax regime, legal and business regulation and the labour market. A MAS survey points to costs, quality and lead times as the top reasons.
In a reversal of favours and fortunes the Government now sees manufacturing as a key sector for driving economic recovery, with a target of achieving 20% of GDP by 2020.
Reshore UK will support companies looking to bring manufacturing back to the UK, while MAS will support SMEs to be able to compete in the global market in order to take advantage of the opportunities.
A past lack of investment in science and engineering skills and education has caused a skills gap which is seen as a major barrier to our ability to take advantage of reshoring. The Government is now focusing on how to bridge the skills gap and attract workers back into manufacturing and engineering so it’s reassuring to know that skills and the reshoring opportunity are now being taken seriously. Indeed David Cameron has promised 100,000 more qualified engineering by 2018.
Let’s hope all the intended support is appropriate, accessible, sensible and sustained.
Meanwhile, if you require any mild steel and stainless steel sheet metal fabrication we are already geared up for you in the South West so please get in touch to see how we can help you.