Automotive Industry
Debate between Viscount Younger of Leckie and Lord Bilimoria
Viscount Younger of Leckie
I acknowledge my noble friend’s comments and applaud those small companies that have maintained customer relations through often tough trading conditions, sometimes by ploughing back past profits into the business. They in turn rely on large manufacturers remaining here in the UK. For example, General Motors’ decision to retain its Ellesmere Port facility and grow its local supply chain while making cuts elsewhere is testament to our flexible, skilled workforce and collaborative working between government, industry and the unions.
Lord Bilimoria (CB)
My Lords, in 2008, soon after Tata took over Jaguar Land Rover, I visited its factory. At that time, it faced huge challenges. Today, Jaguar Land Rover is making more in profits than it paid for the company six years ago. I was with the chief executive, Dr Ralf Speth, last week, who said that the most important thing to them is innovation. What are the Government doing to promote, support and encourage innovation in the automotive industry and in manufacturing?
Trade: Import Substitution
Debate between Viscount Younger of Leckie and Lord Bilimoria
Viscount Younger of Leckie
The Government recognise the scale of the trade deficit as a problem that only a substantial expansion in exports will fix. Building upon the work of my noble friend Lord Green, my noble friend Lord Livingston has refreshed UKTI strategy to focus on helping more medium-sized companies into overseas markets, thereby delivering up to £50 billion-worth to the economy.
Lord Bilimoria (CB)
My Lords, the noble Lord, Lord Harrison, mentioned Bentley, which is now moving the manufacture of all its 12-cylinder engines from Germany to the UK. Is that not marvellous news? In declaring my interest in my own business, we used to manufacture the vast majority in Europe and then reshored because Burton-on-Trent is capable of producing the best beer in the world. The Chancellor mentioned manufacturing in great positive terms in his speech today. What are the Government specifically doing to encourage manufacturing in this country that will help reshoring and help our exports?
Viscount Younger of Leckie
Manufacturing remains the most important part of what we do in the UK. UKTI has joined forces with the Manufacturing Advisory Service to relaunch Reshore UK, which will be a new, one-stop-shop service to help companies bring production back to the UK. This will give greater reassurance to hard-working people that there is increasing job security and a better plan for them to make for their families for the future.