Comment Magazine Issue 5
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
High tech and<br />
high value -<br />
manufacturing on the South Coast<br />
Steel works aside, recent reports of the demise of UK manufacturing have been<br />
greatly exaggerated, as Hayley Bevis explains following September’s meeting<br />
of the Manufacturing Business Leaders’ Forum.<br />
UK manufacturing is undergoing<br />
something of a renaissance. That might<br />
surprise many who could be forgiven<br />
for believing, following years of press<br />
reports on the closures of factories and<br />
heavy industry on the South Coast and<br />
the rise of a service economy, that we<br />
no longer make anything any more.<br />
The South Coast has long had a<br />
tradition of heavy manufacturing, with<br />
ship building, aerospace and automotive<br />
perhaps the first to spring to mind. And<br />
whilst it is true that some of this has<br />
relocated or moved offshore over the<br />
years, a new breed of manufacturers have<br />
taken its place.<br />
Manufacturers that have taken their<br />
production facilities offshore are now<br />
beginning to bring them onshore again<br />
due to quality control and intellectual<br />
property issues. The current fluctuation<br />
in the exchange rate is also reported<br />
to be a driver for a boost in UK<br />
manufacturing activity, with the price<br />
of UK goods seen as a benefit to those<br />
overseas.<br />
High tech, high value and low<br />
volume, and low value, high volume<br />
and highly skilled. That is how<br />
manufacturing on the South Coast is<br />
characterised, working in sectors as<br />
diverse as marine, oil, agriculture and<br />
information technology.<br />
Today, UK manufacturing contributes<br />
£6.7trillion to the global economy,<br />
employing some 2.6million people<br />
and accounting for 54 per cent of all<br />
UK exports. The UK is the 11th largest<br />
manufacturing economy in the world.<br />
Coffin Mew, together with<br />
NatWest Bank and accountants Grant<br />
Thornton, celebrate and support<br />
manufacturers along the South Coast<br />
with a regular roundtable discussion<br />
for manufacturing business leaders.<br />
Meeting four times a year, the<br />
Manufacturing Business Leaders’ Forum<br />
provides a platform for directors and<br />
senior managers of manufacturing<br />
and engineering businesses to discuss<br />
topical issues, share industry best<br />
practice and learn from other likeminded<br />
businesses.<br />
The Manufacturing Business Leaders’<br />
Forum met on 6 September and the<br />
hot topic that morning was whether<br />
today’s workforce would deliver<br />
tomorrow’s growth.<br />
Many engineering and<br />
manufacturing businesses report<br />
8