in Aerospace / Defence

Survey shows UK manufacturing and engineering firms believe Brexit will be good for business

Posted 28 March 2017 · Add Comment

Ahead of Theresa May triggering Article 50 tomorrow, a survey by The Engineer in collaboration with Subcon 2017 has revealed a marked increase in the number of manufacturing and engineering companies who believe Brexit will be good for business and industry.

Above: Brexit is set to be a hot topic at this year's Subcon, again taking place at the NEC Birmingham, from 6-8 June 2017.
 
Ahead of Theresa May triggering Article 50 tomorrow, a survey by The Engineer in collaboration with Subcon 2017 has revealed a marked increase in the number of manufacturing and engineering companies who believe Brexit will be good for business and industry.
 
When asked if they think their company will have a stronger future once Britain exits the EU, 40% of the 269 businesses polled answered yes compared to 14% 11 months ago. The level of uncertainty has doubled, however, with 14% of businesses unsure what impact leaving the EU will have compared to 7% in 2016.
 
The survey also asked if businesses think UK manufacturing and engineering – as a whole – will have a stronger future once Britain is no longer part of the EU. A total of 45% answered yes, compared to 30% last year – an increase of 50%.
 
A new question for 2017 asked if business and industry will suffer if Brexit impacts free movement of labour and responses were split down the middle: 46% believe it will have an impact; 47% believe it will make no difference.
 
Gordon Kirk, Event Director, Subcon, commented: “It’s encouraging to hear that industry is feeling confident and positive about the future and our poll certainly supports that in relation to Brexit.
 
“It’s interesting to see the significant sway in opinion since we last polled businesses 11 months ago, especially as the UK is still at least two years away from breaking away completely from the European Union. The complex process of negotiating new trade agreements has not begun and the full impact of Brexit is yet to be felt, so it will be very interesting to see whether confidence continues to grow at the same rate over the next 12 months.”
 
SURVEY RESULTS IN FULL

2016: Do you think Britain should leave or remain in the EU?
Leave  37%
Remain  50%
I don’t know  13%
 
2016: Do you think your company will have a stronger future if Britain leaves the EU?
Yes  14%
No  79%
I don’t know  7%
 
2017: Do you think your company will have a stronger future now that Britain is leaving the European Union?
Yes  40%
No  46%
I don’t know  14%
 
2017: Has your opinion changed in the last 12 months?
Yes  16%
No 83%
I don’t know  1%
 
2016: Do you think the UK manufacturing/engineer industry will have a stronger future if Britain leaves in the EU?
Yes  30%
No  62%
I don’t know  8%
 
2017: Do you think the UK manufacturing/engineering industry will have a stronger future now that Britain is leaving the European Union?
Yes  45%
No  41%
I don’t know  14%
 
2017: Has your opinion changed in the last 12 months?
Yes  20%
No  80%

2017: Do you think your business/industry will suffer if Brexit impacts free movement of labour?
Yes  46%
No  47%
I don’t know  8%

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

SEA supplying TLS to navies in South East Asia

Cohort company SEA is supplying its Torpedo Launcher Systems (TLS) to three South East Asian navies that have signed up for a solution based on technology originally developed for the UK Royal Navy.

Bristol Airport and SWRnewstar win Waste2Zero award

SWRnewstar has won the Waste2Zero Best Waste Project Communication & Stakeholder Engagement Award in partnership with its customer Bristol Airport.

Defence Secretary checks progress of first City Class Type 26 frigate

The Secretary of State for Defence, Gavin Williamson MP, visited BAE Systems’ Clyde shipyards yesterday to gain an insight into the Company’s next generation digital ship design approach for the Type 26 frigates, before viewing the

Drukair opts for an A320neo

Drukair, the flag carrier of Eastern Himalayan Kingdom of Bhutan, has signed a purchase agreement for one A320neo to support its growth plans and complement its existing fleet of three A319s.

BA appoints Angela Williams as Group People Director

British Airways today announced that Maria Da Cunha, Group HR & Legal Director, is stepping down from British Airways after 17 years and Angela Williams is appointed to the role of Group People Director (joining the business on 4 June

Dnata awarded UK MHRA certification for Good Distribution Practice

Global air services provider and UK ground handler, dnata, has been awarded certification for Good Distribution Practice (GDP) by the UK Medicines and Healthcare Products Regulatory Agency (UK MHRA).

Air & Ground SK1704230718
See us at
SMI FAVWSBT1402060618FIL18 BT111017220718SMI HelicopterTBT1402240518