UK automotive suppliers investing £225 million over the next three years

8th June 2016 | 0 Comments
 
UK automotive suppliers investing £225 million over the next three years
41 per cent of the components in the average British-built car are now sourced locally, up from 36 per cent in 2011

The SMMT’s Automotive supply chain members are planning to invest £225 million over the next three years in a bit to boost the British content of vehicles built in the UK.

In a new survey of more than 100 SMMT supply chain member companies, 94 per cent said they plan to invest in their businesses over the next three years – at a total of £224,485,000. Of those, four in five (79%) intend to invest in plant, machinery or tooling; three quarters (73%) in skills and apprentices; and two thirds (66%) in new product development.

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Category: Company News, UK News

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