Manufacturers urged to export

A Midlands precision engineering specialist is urging fellow UK manufacturers to take a brave leap into the export market, after experiencing its own surge in exports following Brexit.


A Midlands precision engineering specialist is urging fellow UK manufacturers to take a brave leap into the export market, after experiencing its own surge in exports following Brexit.

MNB Precision is one manufacturer reaping the benefits of a weak pound following the uncertainty caused by Britain’s decision to leave the EU, and is claiming that businesses need to take advantage of export opportunities provided by Brexit in order to boost industry during uncertain times.

Managing Director Luke Benton said that he only expects the pound to go one way over the next few months – down. “Brexit has left huge uncertainty in the UK business community, but something it has presented are huge export opportunities and this is something we are already taking advantage of. The sharp fall in value of the pound is making UK goods more attractive to overseas buyers and I only see this continuing.

“It presents UK industry with a huge opportunity to grow exports, and it also de-risks export market entry for businesses that are yet to trade with the rest of the world. Now is the time for the manufacturing industry to market our quality all over the world to ensure that when the UK does enter talks about trade agreements, Europe and the rest of the world already know what we have to offer.

“Manufacturers need to play the cards they have been dealt,” he said. “During this period of economic uncertainty, the worst thing the sector can do is sit back, consolidate and wait. Instead, we need to take advantage of any opportunities in front of us to grow our revenues and continue to compete on a global stage. At the moment, that’s in the export market. Overseas trade is likely to offer the sector huge opportunities over the next few months and the worst thing we can do as an industry is let this pass us by.”