25 January 2014 | Will Green
Prime minister David Cameron has called for Britain to become “the re-shore nation” by encouraging firms to bring production back to the UK.
In a speech to the World Economic Forum in Davos Cameron said the government was setting up a “one-stop shop to help businesses capitalise on the opportunities of re-shoring”.
He said rising costs in emerging economies, the benefits of shorter supply chains and technologies such as 3D printing were factors “pulling companies back home”.
Cameron cited a survey that showed more than one in 10 SMEs had brought some production back to the UK in the past year and re-shoring was about “securing sustainable, well-paid jobs”.
“I think there is a chance for Britain to become the re-shore nation,” he told the world’s political and business elite.
Calling for an “enterprise-friendly Europe”, he said: “If we act now we can ensure our businesses, our peoples and our societies can benefit from the next phases of globalisation.”