Reshoring could create 200,000 UK jobs

PwC research finds reshoring could boost UK GDP by 0.4-0.8% by the mid-2020s

Reshoring has the potential to create up to 200,000 UK jobs over the next decade in sectors, according to research from PwC.

This level of reshoring could boost the level of UK GDP by about 0.4-0.8% by the mid-2020s, which equates to about £6-12 billion at today’s values.

Darren Jukes, UK manufacturing leader at PwC, said: "Reshoring offers significant opportunities for UK manufacturing in terms of growth and job creation, particularly in sectors ranging from textiles to the manufacturing of computers, electronics and other machinery.

"It also highlights the highly competitive positioning and attractiveness of the UK manufacturing industry against global competition."

Last week a study by the EEF manufacturers' organisation revealed that one in six British companies has reshored production in the past three years.