1、THE UKS SMALL VOLUME AUTOMOTIVE MANUFACTURERS:AN ENDURING BRITISH SUCCESS STORY2THE SOCIETY OF MOTOR MANUFACTURERS AND TRADERSFOREWORDThe UK is home to one of the worlds most diverse automotive industries and is a leading location for the design,prototyping,engineering and manufacturing of luxury,hi
2、gh performance and niche vehicles.Over the past century,these small volume manufacturers(SVMs)have become a staple of the UKs economy and a quintessential British success story.They perform a key role in the development of advanced technologies such as aerodynamic designs,light-weighting and safety
3、concepts,which are often rolled out across the wider automotive industry.They make significant contributions to British jobs and growth,locally and nationwide.The UKs SVMs are well suited to deliver key long-term objectives identified by government as part of its mission-driven approach with employm
4、ent,exports and investments interconnected aspects of economic growth.The heritage of the UKs SVMs adds immense value as these manufacturers are iconic businesses invested,and investing in,the UK and a major strength of British manufacturing.These companies also have a significant level of integrati
5、on and recognition within local communities and regional supply chains.The sector employs more than 15,000 people and supports more than 60,000 jobs in adjacent sectors and even more across the globe,with skills,technologies and innovation that stretch beyond the confines of automotive into aerospac
6、e,defence and other sectors.As much as 90%of UK SVM vehicle output is for export,compared with the industry average of 77%.While automotive is the UKs largest exporter of goods,SVMs contribute significantly to the proportion of high-value exports with nearly 5 billion of goods shipped overseas annua
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