- Oxfordshire hosts latest SMMT Regional Forum to assess
automotive business growth opportunities in the region.
- New analysis reveals importance of sector to the South
East, with 17,000 jobs supported and £1.4 billion invested by
global brands since 2015.
- Speakers from BMW, Ford of Britain, DAF Trucks and
Wrightbus to join hundreds of auto executives from across the
area.
- Some of the UK's most advanced
automotive manufacturers and suppliers from across the South
East will this week come together in Oxfordshire for the
Society of Motor Manufacturers and Traders (SMMT) Regional
Forum. The event will explore how companies are responding to
current challenges – including trade tensions, the slower than
expected transition to electrification and cost pressures
– and seizing opportunities to grow.
New SMMT analysis reveals the importance of automotive
manufacturing to the South East, with firms in the region
delivering an annual economic contribution of £1.3
billion and supporting the livelihoods of more than 17,000
people – equivalent to one in 11 of all UK automotive
manufacturing jobs.1 Since 2015, £1.4 billion has been
invested in the South East sector underscoring its continued
strategic value to the UK economy.2
The South East has a strong automotive heritage, with the
Brooklands motor circuit opening in 1907 and many famous marques
beginning their illustrious history in the region. Almost 750
manufacturing companies are now based in the South East, making
it a production hotspot in the UK and globally. The region's
manufacturers include some of Britain's world-famous premium,
sports and luxury brands, such as Caterham, Gordon Murray
Automotive, McLaren, MINI and Rolls Royce, while also being home
to Ford's UK engine plant. It is also a renowned location for
R&D, innovation and testing – notably for motorsport and
automated vehicles – with the adjacent Motorsport Valley and
Cambridgeshire Innovation Corridor helping position the South
East as a key area for investment.
Speaking ahead of the event, Mike Hawes, SMMT Chief
Executive, said, “We are delighted
to bring SMMT Regional Forum to the South East this year, an area
with strong automotive ties, a highly skilled and productive
workforce, and a large economic contribution. The event's focus
on product innovation and how it will reshape the industry could
not be better timed as global investors decide where to design,
engineer and build the next generation of cutting-edge electric,
connected and automated vehicles.”
Regional Forum is part of SMMT's efforts to provide nationwide
support, networking and business connections for members, and
this year's agenda consists of two informative sessions with
industry leaders, including: Dr Andy Harris, Head of Research and
Data Analytics, Wrightbus; Lisa Brankin, Managing Director, Ford
of Britain; Louis Jones, EV & Connected Services Director,
DAF Trucks; and Ramona Dienel, Finance Director, BMW (UK)
Manufacturing & Swindon Pressings. They will be joined by
senior representatives from SMMT, including CEO Mike Hawes.
Representing more than 800 automotive companies in the UK across
production, sales, supply chain and aftermarket, SMMT provides a
forum for members to voice their views on issues affecting them –
helping firms to grow their businesses to become more profitable,
competitive and sustainable. SMMT holds major events throughout
the year, including SMMT Summit and Electrified, alongside
regional events across the UK. Members benefit from free event
access and enjoy other exclusive benefits, including access to
industry data, webinars and intelligence not available elsewhere.
Regional Forum South East takes place at the Oxford Belfry
Hotel in Thame, Oxfordshire on Wednesday 15 October. Find
out more about the event and register to attend
here: www.smmt.co.uk/event/regional-forum/
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Notes to editors
1 ONS data for South East – SIC29
automotive manufacturing for 2023 – including London.
2 SMMT calculations based on
publicly announced investment commitments, public and
private, in UK automotive production and R&D in the
South East from 2015-2025.
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