Manufacturing

Debate between Baroness Perry of Southwark and Lord Popat

Monday 21st July 2014 Lords Chamber

[Baroness Perry of Southwark]

To ask Her Majesty’s Government what assessment they have made of the manufacturing output data for the year to April 2014; and what steps they are taking to encourage more exports by United Kingdom manufacturers.

[Lord Popat (Con)]

My Lords, manufacturing output for the year to April 2014 rose by 4.4%, the fastest rise since 2011. Industrial production rose by 3% over the same period. Over the past year UKTI has assisted more than 40,000 firms to export, winning £22.6 billion of new business for manufacturers. Since 2011, UKTI has supported some £10 billion of major project wins, each in excess of £500 million. In 2013, UKTI secured £13 billion of defence and security exports.

[Baroness Perry of Southwark (Con)]

I thank the Minister for that very encouraging reply. Would he agree with me that the manufacturing sector is probably the most important in leading Britain’s growth, and the most optimistic in terms of our growth in exports and, therefore, righting the balance of payments?