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Finalists Announced for the Chemical Industry Awards 2024 - Award entries hit a record high for the third consecutive year!
Celebrating the best of the UK chemical industry
The chemical and pharmaceutical industry is fundamental to modern society. With an immense variety of products, from vital medicines and foods, the construction of buildings, to transport and leisure, the industry truly does have an impact on virtually every aspect of our daily lives.
Read more2024-03-06T17:51:00+00:00
The Chemical Industries Association (CIA) welcomes measures announced in today’s budget however industry says it falls short in addressing the pressing challenges faced by UK chemical businesses amidst global competition.
Steve Elliot, Chief Executive of the Chemical Industries Association said:
“As the sector that is the UK’s second largest manufacturing exporter, we welcome the extension of full expensing to leased assets and the overall recognition of manufacturing, as well as the improvements to childcare benefits that will allow more people to take on more skilled jobs. After November’s autumn statement, today’s budget was another step in the right direction for supporting investment and growth, but, frankly, it’s a limited and long-overdue step. UK chemical businesses are facing huge competition from other parts of the world in terms of cheaper energy costs and more competitive and stable investment climates, so I remain at a loss over how we compete NOW. We are ready to play our part in delivering those critical clean-tech solutions for society, but we need far greater urgency and ambition, framed around an industrial strategy for our country and our sector”.
Figures released by the Chemical Industries Association indicate a significant turnaround in the chemical sector – one of Britain’s biggest manufacturing export industries – showing signs of growth.
Following 3 years of intense debate and engagement on the future of UK REACH in a highly volatile political context, we finally see a tangible proposal from government coming to life.
Chemical companies across the UK are continuing to face difficult trading conditions. In the latest survey of member companies of the Chemical Industries Association, over 50 different businesses reported a sixth consecutive quarter of contraction.
Celebrating the best of the UK chemical industry
The Chemical Industries Association is the organisation representing and advising chemical and pharmaceutical companies located across the UK. Our core membership is a diverse mix of chemical and pharmaceutical companies operating within the UK
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