UK automotive investment up despite Brexit fears

Tuesday, July 24, 2018

The UK auto sector has seen £130m of foreign direct investment during June 2018 alone, creating four new plants across the country and nearly 500 new jobs to boot.

The announcement from the DIT coincides with a report from EY which found that the UK still remains the number one destination for FDI in Europe in 2017-18.

Furthermore, across the whole of 2017, the UK auto sector exported £32bn of products  including 1,340,000 vehicles (up 2.7% on 2016) to more than 160 international markets. This includes lucrative emerging non-EU markets such as China, to whom the UK exported £4.2bn of automotive products alone in 2017, an increase of 16.7% on 2016.

This is the eighth year of consecutive growth within the sector, with jobs similarly rising by 2.8% to 186,000 in 2017, so plenty to get excited about, whether you are an automotive employer or job seeker.

To discuss any aspect of recruitment within the UK automotive manufacturing, then why not make direct contact with our industry specialist, on 01299 828347

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