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<p>The Government is working with the car manufacturers and key industry groups to
identify and assess supply chain risks in all cases where car manufacturing operations
are expected to cease or reduce. It is a complex picture and it is difficult to project
the impact on suppliers. Every effort is being made to support affected suppliers
to identify new opportunities to sustain and potentially grow their businesses before
the impact of these announcements comes to pass.</p><p>The Government will continue
to assess UK wide supply chain risks have so far identified over 60 supply chain companies
directly impacted by the Honda decision. We are working across all LEP areas and with
the Devolved Nations to protect and support Honda supply chain businesses across the
UK. As well as work across Government to measure the potential short and long-term
economic shock from Honda and any supply chain closures on the UK economy (including
within other sectors).</p><p>There are more than 2500 automotive supply chain companies
in the UK, including 18 of the world's 20 biggest automotive suppliers, producing
approximately £12.7bn worth of parts.</p><p>We are ensuring everything is being done
to support businesses, their workforce and communities affected by the announcements.
We continue the strive to attract investment, creating highly-skilled jobs that offer
fulfilling careers for years to come.</p>
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