Castings manufacturers call for government action to unlock £10bn for foundries

CMF’s Net Zero roadmap is urging government to create a stable policy environment that focuses on reforming energy markets and providing clean energy, offering incentives for capital investment in zero carbon furnaces and production equipment and ensuring UK trade policies support customer demand for low carbon products from global markets.

The roadmap also calls on Whitehall to encourage and enable the release of land for modern, zero carbon foundries and associated zero carbon energy generation facilities.

In a statement, Adam Vicary, CEO of Castings PLC and chairman of the CMF Net Zero Advisory Panel, commented: “This blueprint sets out how UK casting manufacturers can lead globally, growing the industry, decarbonising our components, providing strategic resilience to UK supply chains, creating jobs and wealth and making the components required for a modern economy.

“Our industry can be part of the solution for the UK, making use of recycled metal to produce locally sourced components and leading the way in the supply of low carbon, cast metal components and finished products, including those needed for greener technologies.”