According to global real estate adviser Cushman & Wakefield, rising global labour costs are encouraging increasing numbers of manufacturers to re-shore or on-shore plant and facilities in the UK.
This has strengthened the UK’s profile and improved its position in the firm’s ‘Where in the World? Manufacturing Index 2015’, published today. The UK’s low risk rating and renowned marketplace for strong skills in research, development and innovation is particularly attractive to higher-end manufacturers given the science and design skills on offer.
Simon O’Reilly, partner and head of account management for EMEA at Cushman & Wakefield, said: “Since 2013, the UK has continued to strengthen its profile as a manufacturing destination, climbing six places into the top half of our index.
“The UK continues to benefit from a low risk, highly innovative environment with skill sets which are of particular benefit to pharmaceutical, chemical, aerospace and automotive sectors. Meanwhile, rising global operating costs are also adding to a greater number of manufacturers choosing to re-shore or on-shore facilities as cost advantages are being eroded in markets which are further afield.”