Robin Johnson, head of diversified industrials at Eversheds, has commented on the latest projections for UK manufacturing growth.
He said: ‘Everything still points to a strong and sustainable recovery in manufacturing in the UK. The weakness of the eurozone is a negative impact as is the strength of sterling. Long-term investment in training and research and development must also be maintained.
However, Johnson added, current geopolitical uncertainties, a low corporate tax regime and a liberal labour economy, as well as the embrace of additive manufacturing techniques and open manufacturing support from government, have catapulted forward the UK’s underlying strong manufacturing base in attracting inward investment from both North America and Asia.
He added: ‘While today’s numbers may show a slight dip, the overall long-term prognosis is very positive.’