GLOUCESTER MP Richard Graham is lauding the Government's new initiative to bring back jobs to the UK that were originally outsourced to foreign countries.
The Conservative MP is encouraging more "resourcing" back to the country and has welcomed the launch of Reshore UK, a service to help companies bring production back to the UK, in his blog.
This is the blog in full:
In January I suggested to ministers that there is more we can do to help reshoring, for example by making cash contributions to regional growth funds, cutting business rates locally for manufacturers bringing back jobs and adding reshoring to the UK Trade & Investment job description.
So, nine months on I'm delighted that the government has acted and that the Manufacturing Advisory Service (MAS) has now joined forces with UKTI to launch Reshore UK, a new one-stop-shop service to help companies bring production back to the UK, meanwhile the MAS are now actively working with a number of manufacturers in the South West that are looking to bring production back instead of outsourcing overseas.
Reshore UK will provide a matching and location service, access to advice and support and a named individual to help each company.
The MAS' role is to help support SMEs to be globally competitive while UKTI will use its global networks to identify and attract foreign companies to invest.
Research has shown that the UK is now the cheapest place to manufacture in Western Europe and when dealing with suppliers who are based in the same country or even county it's easier to build stronger working relations.
This combined with competitive corporate tax rates, skilled workers and strong legal protections is encouraging more and more companies to bring work back here.
The trend is already happening on our doorstep with Gloucestershire-based ADEY Professional Heating Solutions recently giving a £1.5 million contract to Future Advanced Manufacture, business that was previously being done in China and this great new initiative should encourage more and more of this.
