On the election of Boris Johnson as leader of the Conservative Party, prior to his appointment as Prime Minister, the Chemical Industries Association said “We congratulate Boris Johnson and stand ready as the country’s biggest manufacturing export sector to work with the new Prime Minister and his Government to deliver growth and prosperity across all of the UK.
Securing a Brexit deal with the European Union in the coming months will, we believe, fundamentally strengthen the chances of that growth and prosperity happening, so we urge the new Prime Minister and his government - along with EU27 governments - to work constructively and urgently to avoid a no deal outcome by the end of October. Frictionless tariff free trade, regulatory consistency and access to skilled people remain the chemical industry’s priorities right across Europe and delivering those outcomes will help remove the damaging climate of uncertainty and inject some much needed business confidence in terms of trade and investment.
Government working with business can deliver a bright future for all”.
For further information, please contact CIA's Simon Marsh on 07951 389197 or [email protected]
About the UK chemical industry
- The chemical and pharmaceutical industry adds £18 billion of value to the UK economy every year from total annual turnover of £50 billion.
- In addition to gross value added, the sector also contributes to the UK economy in its position at the head of many supply chains within manufacturing and its employment of a well remunerated, high-skilled workforce. We support 500,000 jobs both directly and indirectly Chemical manufacturing adds £9 billion in gross value added annually and pharmaceutical manufacturing £9 billion.
- The wider chemical and pharmaceutical sector (manufacturing plus distribution) is the largest exporter of manufactured goods with annual exports of over £50 billion. The export of motor vehicle, trailers and semi-trailers is the sector with next highest exports of £35 billion. Aerospace is £32 billion.
- 63% of companies in the sector export what they make to the world, the highest proportion of any goods manufacturing sector in the UK economy. 60% of our exports go to the European Union and 75% of our imports and raw materials come from the European Union.
- The sector’s level of business investment is £4.3 billion, compared to automotive £2.7 billion and aerospace £2.1 billion, while the expenditure on research & development is £5.0 billion (automotive £2.7 billion and aerospace £2.1 billion).
- The products and technologies of the Chemical industry are essential parts of medicines, food & drink, telecommunications, energy-saving, I.T, clothing and much more.
- For every tonne of Greenhouse Gas (GHG) emitted, our products and technologies enable over 2 tonnes of GHG emissions savings.