Britain could build on its position as a modern manufacturing powerhouse if the newly-elected government commits to a long-term, ambitious industrial strategy, says EEF in its manifesto published today.
In the manifesto, Making the Future, Making Britain Great, EEF is urging a new government to use the opportunity to fully commit to a comprehensive industrial strategy, building on the momentum created by the surge in recent manufacturing performance in recent data including GDP and PMI figures.
However, EEF’s chief executive, Terry Scuoler, warned that Brexit risked swamping plans to boost economic growth, and failure to reach agreement on a comprehensive trade deal with the EU could scupper manufacturers’ ambitions.
Setting out the organisation’s key aims for a new government, EEF calls for:
- A comprehensive industrial strategy to boost economic growth and social wellbeing across the UK driven by the office of the Prime Minister with all government departments accountable for delivery
- An ambitious Brexit deal that retains the benefits of the single market and enables seamless trade between Britain and the EU with minimal cost to business
- A new immigration system giving employers the ability to manage work permits ensuring they have access to the people and skills they need
- A boost for innovation, enhancing research and development incentives and making a solid commitment to improve digital technology, including the expansion of fast broadband
- A clear commitment to deliver the third runway at Heathrow and improve road and rail links
- An extension of devolution deals across England with a focus on improving transport links
- A renewed commitment to reduce regulatory cost on business including an enhanced role for the Regulatory Policy Committee
Terry Scuoler commented: “Manufacturing must be at the heart of any new government’s vision for a strong and successful economic plan for the UK. Manufacturing firms across the UK represent the best of British business and they need to feel certain that government is backing them in the face of the complex process of leaving the EU.
He continued: “As we prepare to navigate what will inevitably be choppy Brexit waters, a clear commitment to an industrial strategy will give business confidence that the government is capable of looking long-term at strengthening some of the fundamental levers of our economy
A new government is urged by the chief executive to think differently and more strategically about how it uses its significant spending power to help drive growth and exports. “It can nurture existing and new supply chains and support more even economic growth through careful procurement planning,” he noted.
“Whatever deal we eventually achieve with the EU, it must lead to a realistic and supportive trading relationship. Walking away without a deal would throw a significant spanner into any effort to build a vibrant and productive economy. A robust and growing industry will be the hallmark of a successful Brexit negotiation.”