21.10.24

The introduction of a long-term industrial strategy will bring a surge of offshore manufacturing production back to the UK. This is according to a major annual survey on the investment landscape for UK industry published today by Make UK and RSM UK.

‘Investment Monitor 2024: Using Data to Drive Manufacturing Productivity’ finds that almost three quarters of companies (70%) would accelerate the re-shoring of production back to the UK in response to an industrial strategy, with just 3% saying it would make no difference.

It also finds that half of companies would increase investment in existing facilities in the UK, while almost a third (30%) would increase automation and increase exports to the EU (29%). Just 1% of companies said the introduction of an industrial strategy would have no impact on their business.

As well as analysing general investment activity, the report delves deeper into industry’s investment in digital analytics, and examines the methods in which manufacturers finance their investment decisions, before making recommendations for next steps from Government based upon feedback from the sector.