petej + manufacturing   272

Will Nissan stay once Britain leaves? How one factory explains the Brexit business dilemma | News | The Guardian
“The deal [is] tangible evidence of the benefits to the UK of membership of the European Community; Nissan [has] chosen the United Kingdom because it [gives] them access to the whole European market. If we were outside the community, it is very unlikely that Nissan would have given the United Kingdom serious consideration as a base for this substantial investment.”

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In fact, after Cornwall, the north-east receives England’s second-highest amount of EU structural funding proportionate to its population, according to a report compiled before the referendum for Sunderland’s public and private sector partnership, the Economic Leadership Board. The current round of EU funding, being managed by the region’s local enterprise partnership, is £437m between 2014 and 2020. Nissan itself, according to Farnsworth’s research, has received £450m in loans from the European Investment Bank, and £347m in grants and other public funding, from the UK and EU.
Nissan  cars  manufacturing  business  Sunderland  employment  jobs  HodgsonSharon  Brexit  EU  components  supply  just-in-time  efficiency  singleMarket  customsUnion  WTO  noDeal  GhosnCarlos  Renault  Mitsubishi  investment  costs  unemployment  deprivation  poverty  industry  ThatcherMargaret  HeseltineMichael  Japan  Honda  Toyota  grants  government  Unite  tradeUnion  GibsonIan  uncertainty  RamsbothamJames  dctagged  dc:creator=ConnDavid 
october 2018 by petej
Car manufacturing in Britain fell by 11% in July, reports SMMT | Business | The Guardian
The UK exports most of the cars made here. However, British buyers also get the majority of their vehicles from overseas, with about 86% of new cars being imported and 69% of new cars coming from the EU.
UK  economy  manufacturing  cars  demand  trade  EU  uncertainty  Brexit  business  industry 
august 2018 by petej
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