Investment Opportunities For Automobile Manufacturing in UK

The UK is the center of diverse automobilewith EU countries as the UK is part of the EU. The
manufacturing base in Europe. The automotive sectorEU market is one single market and there are no
in the UK is vibrant and world class. Many globaltrade restrictions for companies based within EU
automotive companies have set up their base in thecountries. The automotive industry in the UK has a
UK for its supportive business environment,bright future based on demand for sophisticated
workforce skills and engineering excellence available.vehicles that deliver cleaner and more fuel-efficient
More than 40 well known automobile manufacturingvehicles. The creativity and inventive nature of the
companies such as Ford, BMW, Nissan, Honda, andUK automotive industry will play a vital role in the
Toyota have manufacturing units set up in the UK.UK's prosperity.
The automobile industry is supported by a strongAdvanced Manufacturing
supply chain ranging from world class design, highThe UK is also known as the European hub for its
precision and high performance engineeringadvanced engineering capabilities in the fields of
companies. There are over 10,000 active businessesaerospace, energy, food and drink, automotive,
in the UK automotive sector ranging from small andenvironmental technology, medical and pharmaceutical.
medium sized manufacturers to large plants controlledThe growth in this sector is fueled by advanced
by multinational manufacturers. The focus of thesematerials industry that is forefront in development of
businesses is on innovation in technology andnew products that gives improved performance and
component design.functionality. The UK has high volume of exports
The businesses operating in the automotive sectorwhen it comes to automotive, construction
can be differentiated into five categoriesequipment. The space and aeronautics industry is also
• Component design and manufacturea great revenue earner and adds up to 7 billion
• Vehicle manufacturepounds to the UK's economy.
• Construction vehicle manufactureTo help advanced engineering explore it full potential,
• High performance motorsport design andthe UK offers
manufacture• Internationally famed expertise in high quality
Key Strengths of the Automotive sectormanufacturing, high precision engineering and metals
The UK has an established infrastructure forproduction
automotive manufacturing companies. International• Over 170,000 qualified people and 1,400 specialist
automotive manufacturing companies have presencecompanies
in the UK. Component manufacturing companies can• Availability of large number of precision forgers
sell their products to these multinational companies or• World class science and technology based
overseas. Engineering and design excellence make theincubation infrastructure
UK the front runner in the global automotive industry.• Easy access to rapidly growing UK and EU
There are more than 2,000 small and medium sizedmarkets
businesses involved in motor manufacturing alone.• Manufacturing facilities to produce quality titanium
Preferential Duty rates for importingcastings
The generalized system of preferences (GSP) allows• Unique Advance Manufacturing Park focused on
automotive manufacturers to import componentsinnovation materials research and technology for
from a range of countries at a reduced or zero dutyadvanced manufacturing businesses.
rate. The EU also has trade agreements with third• Pioneering R&D
world countries because goods imported from theseUK businesses enjoy a world class academic and
countries are eligible for preferential rates of duty.science expertise and link to wide network of leaders
Preferential rates are also applicable while exportingin similar businesses throughout the world. The unique
to the least developed countries mentioned in GSP.multicultural and entrepreneurial economy of the UK
EU goods attract a reduced rate when goods arebrings the world to your company's door.
exported to such countries. It is also easy to trade