UK auto manufacturing charges up with £20bn investment boost in 2023

The UK automotive industry has attracted approximately £20 billion in private investment in 2023, according to the latest calculations by the Society of Motor Manufacturers and Traders (SMMT) – meaning this year has seen more investment announced than in all the years back to 2016 combined.1

On top of industry’s backing for new and upgraded R&D and manufacturing facilities, last week the government committed a further £2 billion for the sector, backed by an Advanced Manufacturing Plan and battery strategy that will drive green economic growth and create jobs across every part of the country. With almost a million people directly relying on the sector for their livelihood, and millions more benefiting from the mobility it provides, the importance of the UK automotive industry to the economy has never been more evident.

CT Automotive plc (LON:CTA) designs, develops and manufactures automotive interior finishes and complex kinematic assemblies for the most well-known automotive brands on the planet. These critical components are managed through an intricate global network of reactive supply chains to arrive JIT (Just in Time) at their respective OEM manufacturing plants.

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