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Automobile industry

UK Attracts Global Automotive Investors with Expertise in Engineering and Innovation

Strategic Insights

— 1 min read

The UK is showcasing its capabilities in engineering, innovation, and design to attract international automotive investors. In a recent reception at the British Embassy in London, Business Minister Mark Prisk emphasized the country's expertise and urged companies to consider investing in the UK. With 11 of the world's volume manufacturers and 19 of the top 20 suppliers already based in the UK, the country is a prime location for the production of low-carbon vehicles. The UK is home to the first mass-market hybrid vehicle to be built outside of Japan, demonstrating its capacity to meet the demands of new business opportunities.

Key Takeaways:

  • 70 companies from the global automotive sector have visited the UK to explore investment opportunities.
  • The reception, held at the British Embassy in London, highlighted the UK's expertise in engineering, innovation, and design.
  • The UK is home to 11 of the world's volume manufacturers and 19 of the top 20 suppliers.
  • The country hosts the first mass-market hybrid vehicle to be built outside of Japan.
  • Business Minister Mark Prisk encouraged international companies to invest in the UK for its potential in low-carbon business opportunities.
  • The Automotive Council and the Government are committed to supporting the UK motor industry with the right business conditions for success.
  • Professor Richard Parry-Jones emphasized the UK's unique attractiveness for investment in low-carbon transport R&D.
  • The UK is a competitive location for companies, with access to world-class universities, innovative companies, and a strong skill base.

Statistics:

  • 70 companies have visited the UK from the global automotive sector.
  • 11 of the world's volume manufacturers are based in the UK.
  • 19 of the top 20 suppliers are located in the UK.
  • The UK is home to the first mass-market hybrid vehicle to be built outside of Japan.
  • 11 collected quotes emphasize the importance of the UK's expertise, innovation, and talent.

Sources:

  • Office of United Kingdom Trade & Investment
  • British Embassy in London
  • Automotive Council
  • Government of the United Kingdom
  • Professor Richard Parry-Jones (Co-Chairman of the Automotive Council)
  • HT Media Ltd.

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