Reshoring could create up to 200,000 jobs by mid-2020s

Posted on 12 Mar 2014 by The Manufacturer
British manufacturing

A new PricewaterhouseCoopers report says the UK’s reshoring movement has the potential to create between 100,000-200,000 extra UK jobs over the next decade.

The survey states the figure accounts for industries such as textiles and advanced manufacturing to business support services and R&D. This scale of reshoring could boost the level of UK GDP by around 0.4-0.8% by the mid-2020s, which equates to around £6-12 billion at today’s values.

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