Automotive supply chain set for £225m investment
The UK’s automotive supply chain is planning to invest £225m over the next three years to meet strengthening demand for components from the country’s major car manufacturers – but only if the UK remains within the EU.
The move is part of the demand to increase the percentage of British-produced components used in British-built vehicles.
Despite the success of its automotive industry, only around 40% of the components used are from British suppliers. We lag behind Europe in this respect where the figure is closer to 50%.
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