Food and drink manufacturing in the UK

The food and drink manufacturing industry is the UK's largest manufacturing sector with a turnover of 76 billion GBP.

An overview of food and drink manufacturing in the UK

The industry employs over 400,000 people which will need to increase by 170,000 by 2020 to meet demand.

The UK has 64 million consumers who spend around 200 billion GBP a year on food and drink. Weekly spend has risen by almost 60% since 2007 to around 40 GBP per person per week.

Food and drink businesses looking to set up here will find:

  • a country placed seventh in the world for ease of doing business, according to the World Bank
  • the most competitive labour costs in Western Europe as rated by the World Economic Forum
  • some of the leading food research facilities in Europe including the Institute of Food Research
  • low taxes; corporation tax is being reduced from 20% in 2016 to 17% by 2020
  • a growing ‘freefrom’ market that produces products with gluten and dairy removed

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If you are thinking about investing in the UK, contact our investment services team about insights, connections and incentives.

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