In October, the new government published a green paper titled: Invest 2035: The UK’s Modern Industrial Strategy. This outlines Labour’s industrial strategy for next ten years and focuses on sectors that they believe offer the highest growth opportunity for the UK economy. The Logistics sector was not highlighted as one of the eight focus sectors in this document.
Since the publication, Logistics UK have asked the government to reconsider prioritising the logistics sector as a key platform to economic success. They believe that the logistics sector must be included in the final version of the industrial strategy when it is published in the Spring of 2025. This is because the performance of the economy is dependent on an efficient logistics sector.
Logistics UK have said that ‘With appropriate investment, policy changes and the right partnerships with government, the logistics sector could provide a boost of up to £7.9bn per year to the UK’s GDP in productivity gains by 2030’.
Transport & Logistics partner, Paul Wormald commented: “Whilst the eight sectors identified in the strategy are no doubt worthy of inclusion as high growth areas for the UK economy, none of them are likely to fulfil their growth potential without a logistics sector that is functioning efficiently. The logistics sector is the backbone of the UK economy and its requirements should be integral to the strategy if this is to succeed.”
How can we help?
Hawsons has a dedicated team of specialist transport and logistics accountants in Sheffield, Doncaster, and Northampton.
We act for a large number of clients in this sector across our three offices, ranging from hauliers to international couriers, and understand the challenges this dynamic sector faces.
Nearly every other commercial sector is reliant on the services transport and logistic businesses provide and, in many ways, this specialist sector is the linchpin for our country’s economy.
With our experience in the transport and logistics sector we are able to develop a close understanding of your business and, through active year round involvement, we can help you anticipate and deal with challenges quickly and effectively.
More from our transport and logistics experts
You can find all of our latest transport and logistics sector news and newsletters here.
If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.
Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.
Free initial meeting
Paul Wormald
Partner, Doncaster
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