Policy Top Stories

British manufacturers backing British-sourced components

13 March 2015 #Policy #Top Stories

A big jump in demand from British car manufacturers for British-sourced components is further proof of the UK automotive industry’s renaissance.

Figures from the Automotive Council show that British component makers sold 19% more products to UK vehicle manufacturers last year than in 2013.

With British car production increasing by more than 50% since 2009, opportunities for domestic suppliers are increasing every year.

Business Secretary Vince Cable says the resurgence hasn’t happened by accident. “It’s the result of government and industry working together to strengthen our supply chain.

“This is a testament to the strength and capability of our supply chain manufacturers and will no doubt lead to new jobs and further growth,” adds Cable.

The SMMT’s Chief Executive, Mike Hawes recognises how “critical” a strong domestic supply chain is to the success of the UK automotive industry.

“We want British suppliers to capitalise on the renaissance in UK vehicle manufacturing, and these figures show that positive strides are already being made.

“The work of the Automotive Council is central to this progress, and will continue to be while many component manufacturers still face issues such as access to finance and lack of incentives to innovate.”

The Automotive Council’s report, Growing the Automotive Supply Chain – The Opportunity Ahead, is available to read here.

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