Brian Stringer, CEO of Survitec, manufacturer of survival and safety solutions to the marine, defence, aviation and offshore markets, is well aware of the issues surrounding Brexit, writes Adam Bernstein.
He sees the move positively and says that Brexit has ‘caused a degree of uncertainty’, but adds: “We prefer to view Brexit through an optimistic lens. The stronger the UK economy, the more leverage we have to better position ourselves and invest in our business units.”
He thinks Survitec is resilient enough to cope with any uncertainty that lies ahead.
As for how Brexit has affected the business, Mr Stringer says it’s been a mixed bag, including knock-on effects on costs due to the movement in currency.
“In terms of our core business offering, Brexit has not been a hindrance but instead opened doors to showcase Survitec’s global scale and product range as well as creating opportunities to enhance our commitment to regions such as Asia-Pacific, by displaying our products at events such as Kormarine 2017.”
Mr Stringer knows that uncertainty can impact on business confidence, which is why he says that some of his customers are waiting to see what happens which makes it difficult to predict all of his customers’ plans for the future.
“Operating in a market where things can move pretty rapidly, the quicker we can invest in our UK bases and the better the opportunity we’ll have to get things back onto a path of expansion,” he says.
Regarding the future, Mr Stringer sees Brexit as leaving the company with greater access to overseas markets with UK technology.
“We aim to see greater exports of our products and services, followed by the creation of more jobs within the industry.”
To do this Mr Stringer is calling on the government to be more supportive of innovation in the UK and provide additional funding for research and development in particular. “At present, bureaucratic application processes for R&D funding, which takes two years, are not necessarily conducive in the long run for the growth of the marine sector.”
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