Chancellor George Osborne visited a Shoreham business this week to highlight the benefits of the UK remaining in the EU.
He was at Ricardo’s Shoreham Technical Centre on Monday morning to meet some of the company’s apprentices, and he was also shown around the £10m vehicle emissions research centre, which is among the world’s leading testing facilities.
Mr Osborne, who is a leading member of the remain campaign, also had a chance to tour Ricardo’s high performance engine assembly facility, which opened in 2011 but recently expanded to double its production capacity and is where the award-winning M838T engine is built for McLaren’s range of high performance sports cars.
Dave Shemmans, chief executive officer of Ricardo, said: “I was pleased to welcome George Osborne to Ricardo so that he could see some of the work that we do and meet members of the team.
“Uncertainty is the enemy of both the economy and of business, and it is Ricardo’s view that a ‘Brexit’ decision would create significant uncertainty at a time of hard-fought economic recovery.
“As a British-based international company operating in many countries around the world, Ricardo benefits from extensive collaborations within EU research and innovation programmes.
“EU membership also allows the company the operational flexibility of being able to recruit the very best engineers and scientists, and of deploying its European staff where they are needed most.
“While we will of course tackle the challenges of Brexit should this be the decision of the country, Ricardo’s preferred outcome for our business, for our investors and for the career opportunities of our staff, is that the UK remains a member of the EU.”
Ricardo is a multi-industry consultancy for engineering, technology, project innovation, and strategy.
On the other side the Vote Leave campaign have argued that the county can create 300,000 jobs by doing trade deals with fast growing economies across the globe.
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