News article
23 November 2016
FDF response to Autumn Statement
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Following Chancellor of the Exchequer, Rt Hon. Philip Hammond MP's Autumn
Statement, Food and Drink Federation Director General Ian Wright CBE has issued the
following comment:
“Food and drink manufacturing is strategically important to the UK economy and
in ensuring future food security. Worth £21.9 billion, employing around 400,000
people, and feeding millions every day, UK food and drink manufacturers have been
a beacon of productivity and export growth, as this week's exceptional figures
showed.
"Exports of branded food and drink are at their highest level on record and yet
there is massive untapped opportunity for UK businesses. Doubling of export
finance capacity to support trade is welcome. We will work with UK Export Finance
(UKEF) to boost awareness among food and drink exporters of the products and
services they provide. For food and drink producers, it's the on-the-ground support
such as mentoring and increased UK presence at internationals trade shows which
can result in the greatest gains.
“With its regional spread, food and drink manufacturers are well placed to help
ensure every corner of the UK shares in economic success. The £23bn funding for
productivity is the right commitment at the right time. Productivity growth in
food and drink manufacturing continues to outstrip the wider economy and FDF,
with our President, Dame Fiona Kendrick of Nestlé, has worked with Sir Charlie
Mayfield and other industrial partners to identify the levers to turbocharge future
progress. FDF published its action plan for industry earlier this summer.
“For food and drink, the Chancellor's support for the productivity agenda and
extra funding for innovation more broadly means better skilled jobs, more
sustainable manufacturing processes, and greater capacity for R&D.
“An effective partnership between industry and Government has never been more
important as we face into the significant economic challenges described in today's
Autumn Statement and embark on a new relationship with the EU and the rest of
the world. We need a new industrial strategy, informed by the particular needs of
food and drink manufacturers, so we can sustain our workforce needs, access
essential raw ingredients and maintain consumer confidence in our industry.”
Note to editors
- 1. The Food and Drink Federation (FDF) is the voice of the food and drink
manufacturing industry – the UK's largest manufacturing sector. For more information
about FDF and the industry we represent, visit www.fdf.org.uk
- See here for the FDF Q3 2016 exports press release and figures snapshot
- View the FDF's 'Unlocking Talent' report into productivity in the sector.
- View the FDF's submission to the Chancellor on the Autumn Statement
More information
Contact FDF press office for further information via 0207 420 7152
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