March 22 2017 CPA News
Following recent conversations between the CPA and policy makers within government about the possible impact of Brexit on the construction products industry, the CPA continues to monitor news across other industries, particularly regarding future investments in the UK.
We note, for example, that Toyota has recently committed to a £240m investment upgrading its Derbyshire car plant, in a sign the Japanese carmaker will keep manufacturing in Britain after the country’s departure from the EU. The move is supported by an investment of up to £21.3m from the UK government, which has said it will do all it can to maintain the competitiveeness of Britain’s automotive sector following the Brexit vote. The government investment will be used to promote training,research and development, and improvements to the Toyota plant’s environmental performance. The CPA believes an argument for such government support for our own industry can be similarly made, particularly where crucial investment decisions to expand UK capacity to meet increasing demand hang in the balance. For further information, please contact the CPA’s Head of External Affairs at jeff.may@constructionproducts.org.uk .
Source: CPA (See more CPA news in SPRA Members Area)