Manufacturing Policy is enjoying a period in the spotlight. The MTA and its members believe that it is in the interests of UK plc to gain long-term, sustainable and growing advantage from its manufacturing base. The financial crisis has shown how dangerous a strategy of relying so heavily upon financial services for the UK’s economic future would be. Tourism, valuable contributor that it is, is not enough either. Service industries, crucial in any knowledge-based, developed economy, can only go so far in generating revenues.
Government rightly celebrates the ‘creative industries’. The MTA believes that UK manufacturing is a key creative industry. There is a real opportunity for a truly powerful nexus between our innovative energy, our research excellence and first rate production facilities, to act as a catalyst, pushing UK manufacturing once again to the head of any international league table.
By most international benchmarks, UK manufacturing is doing well and leading the way in its export push. But with better, more focused and directed support and investment, UK plc could do even better. This is not necessarily about ploughing in more funds; it is more about enabling existing investments to be better targeted and spent, on training, genuine partnership between companies and research institutions, and the development of the manufacturing intellectual property that will power our economy.
The MTA interacts with a wide range of Government and Non-Governmental bodies to promote manufacturing as part of a dynamic modern economy. A range of recent papers, reports and submissions is available for download on the Policy recommendations page. To find out more please contact Paul O'Donnell, the MTA's Head of External Affairs at email@example.com or on 020 7298 6400.