Today (Thursday 16th November) Britain’s chemical and pharmaceutical industry will show how the UK’s top manufacturing exporter will prepare for and navigate Brexit.
During a business conference to be addressed by Brexit Minister Steve Baker and senior industry leaders from the UK, the EU 27 and America plus legal, trade union, economist and media speakers, the industry will show how it is shaping itself to stand up to Brexit uncertainty.
The industry will address key Brexit priorities of tariffs, non-tariff barriers, regulatory consistency and continued access to skills, echoing the wider business community call throughout Europe for a transition period with no change to secure the best possible Brexit deal. Looking beyond EU exit, the conference will also address the key role the industry can play in delivering a successful industrial strategy for the UK through the tremendous potential for innovation and decarbonisation, sustaining and creating high quality jobs for people in all parts of the country.
At the industry’s annual dinner this evening which will be addressed by the Business Secretary Greg Clark, CIA President Tom Crotty will say “We have our challenges with Brexit and the rest but we won’t sit around waiting for things to happen to us. This is an industry that has always made its own future and will continue to do so”. The Association’s Chief Executive Steve Elliott will say “In this past year we have seen significant growth in chemical production by businesses right across the UK. Now we must make sure we get Brexit right and build on that growth, with investment in our country becoming a regular and on-going occurrence”.
For further information please call Simon Marsh on 07951 389197
• The chemical and pharmaceutical industry adds £14.4 billion of value to the UK economy every year from total annual turnover of over £40 billion. This represents around 10% of the value added by the whole of UK manufacturing.
• 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. Chemical manufacturing adds £9 billion in gross value added annually and pharmaceutical manufacturing £5 billion.
• The wider chemical and pharmaceutical sector (manufacturing plus distribution) is the largest exporter of manufactured goods with annual exports of close to £50 billion. The export of motor vehicle, trailers and semi-trailers is the sector with next highest exports of £35 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.