BIS – Press Releases – New government support to encourage manufacturing production back to the UK

This initiative will only work if people like Sir James Dyson stop using lack of UK skills as an excuse to offshore.  Fortunately, very recently Sir James has done just that – see – http://www.telegraph.co.uk/finance/newsbysector/industry/engineering/10590729/Sir-James-Dyson-to-create-jobs-for-3000-engineers.html 

See also https://chindia-alert.org/2013/11/03/china-theyll-make-it-cheaper-in-yorkshire-the-sunday-times/

UK Trade & Investment (UKTI) has joined forces with the Manufacturing Advisory Service (MAS) to launch Reshore UK, a new one-stop-shop service to help companies bring production back to the UK.

UK companies are increasingly looking to reshore manufacturing, textiles, software production and call centre work to the UK instead of outsourcing overseas. This is due to the combination of a strong and stable economy, competitive corporate tax rates, a good regulatory environment, strong legal frameworks and a dynamic labour market.

UKTI has identified 1,500 manufacturing jobs reshored in the UK since 2011 and a MAS survey shows companies citing costs, quality and reducing lead times as the top three reasons for moving production back to the UK.

Reshore UK will provide a matching and location service, access to advice and support and a named individual to help each company. MAS’s role is to help support small and medium sized businesses to be globally competitive and to ensure there is capacity in the UK supply chain to take advantage of the reshoring opportunities. UKTI will use its global networks to attract foreign companies to invest.

By joining up the range of support available, the new service Reshore UK will be accessible for both UK and international firms and will ensure that they get the right support, when they need it most. It sees government working in partnership with industry in line with the Industrial Strategy, giving business the confidence to invest, creating more jobs and growth in the UK.

Prime Minister David Cameron who is speaking at the World Economic Forum in Davos this morning said:

English: DAVOS/SWITZERLAND, 29JAN10 - David Ca...

“For years UKTI has played a vital role helping our businesses to export and encouraging inward investment. Now, as part of our long-term economic plan, I also want us to help businesses bring back production to Britain. This new service will offer dedicated support for businesses that want to capitalise on the opportunities of reshoring, creating new jobs and ensuring that hard-working people can reap the benefits of globalisation.””

via BIS – Press Releases – New government support to encourage manufacturing production back to the UK.

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