Research from Subcon has revealed that more than half (58%) of UK manufacturing businesses currently export, and that exporting volumes have increased for 32% of them over the past 12 months. The research also showed that 83% expect to increase export levels over the next 12 months, while exports are anticipated to grow by up to 10% for half of respondents, and 11-20% for the remaining half.
Two thirds (69%) of manufacturing and engineering businesses used subcontractors in the past year, with 48% expecting to increase the proportion of work given to UK subcontractors over the coming 12 months. This is mainly driven by a lack of in-house capacity (45%), a desire among manufacturers and engineering businesses to focus on core competencies (38%), and gaining access to skills that are lacking in-house (35%).
For further information