The United Kingdom has long been a hub for manufacturing, with a rich history of industry and innovation. Despite the challenges posed by Brexit and the COVID-19 pandemic, the country remains an attractive destination for manufacturers looking to set up business. In this article, we will examine the factors that make the UK an attractive location for manufacturing and consider whether now is a good time for manufacturers to set up business in the country.
Skilled workforce
One of the main factors that make the UK an attractive location for manufacturing is its skilled workforce. The UK has a highly skilled workforce with a strong tradition of craftsmanship, engineering, and manufacturing. The country is home to some of the world’s leading universities, producing talented graduates in a range of fields, from engineering to design. Additionally, the UK has a strong vocational education system, producing skilled workers across a range of trades. This ensures that manufacturers in the UK have access to a highly skilled workforce, which is essential for success in today’s global market.
Strong supply chain
Another factor that makes the UK an attractive location for manufacturing is its strong supply chain. The country has a well-developed infrastructure, with excellent transport links and access to a range of raw materials. This, combined with the UK’s strategic location, makes it an ideal location for manufacturers looking to serve both European and global markets. Additionally, the UK has a range of support services available to manufacturers, including access to financing, business advice, and research and development facilities.
Government introduced a range of measures
Brexit, the UK’s withdrawal from the European Union, has raised some concerns for manufacturers looking to set up business in the country. However, the UK government has taken steps to ensure that the country remains an attractive destination for manufacturers. The government has introduced a range of measures to support businesses, including tax incentives, investment in infrastructure, and regulatory reform. Additionally, the UK has a strong legal system and a stable political environment, which provides investors with confidence and security.
Shift in consumer behaviour
The COVID-19 pandemic has led to a shift in consumer behaviour, with many people choosing to buy locally produced goods. This provides an opportunity for manufacturers in the UK to tap into this growing trend and to meet the demand for locally produced goods.
In conclusion, the UK remains an attractive location for manufacturers looking to set up business. The country has a highly skilled workforce, a strong supply chain, and a range of support services available to businesses. Despite the challenges posed by Brexit and the COVID-19 pandemic, the UK government has taken steps to ensure that the country remains an attractive destination for investors. Manufacturers who are looking to set up business in the UK should consider the many advantages of doing so, including access to a skilled workforce, a strong supply chain, and a supportive business environment.