Key facts
- Around 25% of British factories are relocating or considering relocating output overseas.
- Soaring energy bills are the main reason for these potential relocations.
- The survey highlights the significant impact of energy costs on the manufacturing sector.
A significant portion of British factories are either relocating or contemplating moving some of their production overseas due to escalating energy bills, according to a recent industry survey. Approximately a quarter of these manufacturing facilities are exploring or have already implemented such measures, driven by the substantial increase in energy expenses that are impacting their operational viability.
The survey underscores the severe financial pressure the manufacturing sector is under as a direct consequence of high energy costs.