Automotive supply chain: grow your business in the UK
- home to leading engineering companies
- opportunities across the automotive supply chain
- the largest ultra low emission vehicle (ULEV) market in the EU
UK automotive supply chain: at a glance
The local content of UK-made cars rose from 36% in 2011 to 44% in 2017, and is continuing to increase. UK car manufacturers have identified an additional 4 billion GBP of annual component purchasing they would like to buy from UK suppliers, but are not always able to do so as UK component plants are already running close to or at full capacity. This provides a significant opportunity for overseas investors setting up in the UK.
UK government support
The UK has leading engineering companies like Ricardo and world-class automotive research facilities thanks to the recently-established Catapult network.
In the Midlands, Drive West Midland is a pioneering programme that supports the development of small or medium sized enterprises and coordinates local support services for the automotive sector. Further north, there is the Northern Automotive Alliance and the North East Automotive Alliance. Both organisations provide support to companies setting up in the region, as well as to the industry at large.
The UK is also the largest ultra low emission vehicle (ULEV) market in the EU with over 110,000 ULEVs on the road. Grants for consumers to purchase ULEVs and improved charging infrastructure have caused this market growth. The UK government and automotive industry are funding a 1 billion GBP Advanced Propulsion Centre for later stage R&D projects around low carbon powertrain and production.
The government also has up to 50 billion GBP available to support finance and insurance for supplies from within the UK to buyers outside the UK. This support takes the form of guarantees, insurance and loans issued by its export credit agency, UK Export Finance.
We can help you grow your business in the UK
Whether you’ve already decided to grow your business here or you’re just starting your research, the UK government can help you make the right decision.
Research your industry
You should research your market to help you decide if the UK is the best place for your business. Contact our Investment Services Team to get market research and other expert help and advice.
Want to move your business to the UK?
You’ll need to follow several steps before moving to the UK, including applying for visas and finding the ideal location for your business. Read our UK setup guide.
The UK government can give you free help and support every step of the way. Contact us to find out more.