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

SSTL to build Galileo navigation payloads

Under an Authority to Proceed signed with prime contractor OHB-System AG today, Surrey Satellite Technology Ltd (SSTL) is commencing work on building eight navigation payloads for Galileo, Europe's global navigation satellite

EDM produces cabin crew sector infographic

Provider of training simulators to the civil aviation and defence sectors, EDM, announced today that it has produced the aviation industry's first infographic about the cabin crew sector.

First Typhoons delivered to RAFO

The arrival of the first Typhoon aircraft, part of a batch of 12 of the combat jets scheduled to be delivered to the Sultanate of Oman, was marked with a ceremony, held on 21 June 2017 in the presence of the Commander of the Royal Air Force of

Renishaw's Lucy Ackland named one of UK's top 50 female engineers

Lucy Ackland, Senior Development Engineer at global engineering company, Renishaw, has been selected as one of the UK's Top 50 Women in Engineering in 2017.

IndigoVision previews BX Panoramic Dome Camera at IFSEC

IndigoVision this week provided a preview of its new BX Panoramic Dome Camera during IFSEC International 2017, which took place at the ExCel, London, 2022 June.

WEC secures full JOSCAR accreditation

Woodford Engineering Consultancy (WEC) has achieved full accreditation to the Joint Supply Chain Accreditation Register (JOSCAR).

SMI AirMissSK0106130717
See us at
Aviation Africa BT18418SMI12DE BT203280917SMI FAVWS BT0504290617SMI AirMissBT0305251017DSEI LB0911150917SMIUAV BT1005280917