As the final ministerial appointments were confirmed, the UK’s number one manufacturing exporter has welcomed the new Government. The Chemical Industries Association which represents chemical and pharmaceutical businesses across the UK said “the recognition of industrial strategy in a cabinet minister’s job title is hugely significant. What may seem like a small point of detail is a welcome signal to businesses planning for the future”

Steve Elliott, Chief Executive of the Association, said “We have long campaigned for greater clarity and commitment from Government on industrial strategy. The shape of the new Government and the inclusion of energy as well as the explicit naming of industrial strategy in the Business Department’s responsibilities marks an important start. What we now need are policies that reflect this understanding. 

I congratulate the Prime Minister and her new team on their new jobs and responsibilities. Our sector looks forward to working across Government with Ministers, civil servants, advisors and other stakeholders from all sides of opinion to contribute to a new industrial future for our country.

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Notes
 
For further information please call Simon Marsh 07951 389197 or Luke Symns 0207 963 6791.

The chemical and pharmaceutical industry adds £15 billion of value to the UK economy every year from total annual turnover of around £50 billion. 

The UK is a leading global chemical and pharmaceutical producer.

The chemical and pharmaceutical sector is the UK’s largest manufacturing exporter with annual exports of close to £50 billion.

Over £4 billion of capital and R&D investment is made by UK chemical and pharmaceutical companies.

The sector employs around 140,000 people directly and supports in total around half a million jobs in the UK economy. The direct workforce is highly skilled and earns on average 30% more than the average UK manufacturing worker.