Ownership
Our members have observed a trend of British industries being acquired by foreign companies. While these acquisitions bring significant benefits and highlight the positive contributions of global businesses, it’s important to balance this with ensuring UK ownership in supply chains to enhance resilience and foster future companies.
We encourage the Government to research the social benefits of UK-headquartered companies versus wholly foreign-owned subsidiaries. This should include examining supply chain spending, supplier locations, management costs repatriated to parent companies, and potential national security risks.
This approach does not undermine the value of global investment but aims to strengthen domestic capability and ownership, supporting supply chain resilience while recognising the contributions of international businesses to the UK economy.
Minister for Manufacturing
We call on the Government to seriously consider appointing a dedicated Minister who would advocate for the sector’s interests and ensure its concerns are heard at the highest levels of government.
We appreciate your attention to these crucial matters and stand ready to provide any additional information or engage in further discussions to support the continued growth of UK manufacturing.
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