Reshoring production back to the UK

UKTI has joined forces with the Manufacturing Advisory Service to launch Reshore UK, a new service to help companies bring production back to the UK.

UKTI said it 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 home.

Steven Barr, Head of the Manufacturing Advisory Service (MAS), said: “Reshoring is a huge opportunity for UK manufacturers and we are delighted to be working in partnership with UKTI to give both domestic and international firms access to this one-stop service.”

Reshore UK will provide a matching and location service, access to advice and support and a point of contact for each company. MAS’s role will help small and medium sized businesses to take advantage of reshoring opportunities while UKTI will use its global networks to attract foreign companies to invest. The new service will be accessible for both UK and international firms and should ensure companies get the right support when they need it most.

In addition to this, the government has also announced additional support for UK businesses through new additions to the Business Ambassador and Trade Envoy programmes, to help strengthen the UK’s overseas business networks.

The Trade Envoys will promote trade and investment in emerging and growth markets and showcase the business opportunities available overseas to UK SMEs, including those in the advanced engineering and energy sectors.

 

Click here for original post: http://www.engineeringcapacity.com/news101/business-news/reshoring-production-back-to-the-uk

Post Date: 02/01/2014

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