New business for UK car supply chain

The latest industry statistics have predicted that the UK automotive supply chain could win up to £3 billion in new business.

The data, which comes from the 2012 survey by the Automotive Council, shows that the purchasing spend of the participating vehicle manufacturers was £23.6 billion, £3 billion more than in 2011.

Around a third of that total, £8.4 billion, was spent on suppliers in the UK and the study, which also analyses where UK firms can win a bigger share of business, shows that car manufacturers are expressing an interest in buying more in Britain.

Business Secretary Vince Cable, who is also co-chair of the Automotive Council, has told the Advanced Engineering, Automotive and Aerospace British Business Embassy that efforts are being made to make firms aware of new opportunities.

"The strength and depth of the supply chain has not been keeping pace with the level of investment we've recently seen by vehicle manufacturers in the UK. Growing capacity in the automotive supply chain or bringing it back from overseas is a priority," he said.

"Through the Automotive Council, we are working together to make UK supply chain companies aware of how much more business they could win in the UK."

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