Government launches support to encourage reshoring
1 min read
A service designed to help companies bring production back to the UK has been launched by UK Trade & Investment (UKTI) has joined forces with the Manufacturing Advisory Service (MAS).
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.
Prime Minister David Cameron said: "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."
Business Secretary Vince Cable added: "British industry is coming home. Over the last few months I have welcomed many companies who have taken manufacturing, textiles, call centre work or software abroad, bringing jobs back to the UK. This is a sign that diverse, high-quality British manufacturing is on the rise once again.
"It also highlights the ability of British-based business to stand strong in the face of global competition. The partnership between UKTI and MAS will further support British industry so they can continue to succeed. This builds on our long-term partnership with industry in key sectors like aerospace, automotive and oil and gas, which is giving business the confidence to invest in the UK and drive growth."
