BCF Annual Handbook & Membership Directory 2017/2018 | Page 13

PARLIAMENTARY AFFAIRS ACA survey on Brexit Impacts Brexit survey - key findings: • After individual meetings with the key government departments: BEIS, Defra and DExEU, the BCF led a more detailed Brexit impact survey on behalf of the chemical industry supply chain in February 2017. The survey was designed to gather information for case studies and data about industry’s relationship with the EU and how this will change in two years’ time. • • • • Over 100 companies in the chemicals supply chain responded to the survey, revealing key concerns of the sector toward the economic and regulatory landscape post-Brexit. 38% of respondents spend over £100,000 a year complying with EU regulations, representing an average of 15% of their annual profits 97% said EU trade was of importance to their business, and 70% of companies say REACH and CLP are of high importance for their businesses to operate 61% said proximity of market and/or supply chain is important 71% said the impact of separate UK chemical regulatory requirements for countries that trade with the EU would be negative, and 62% indicated concern that costs of compliance will increase Over 20% said they will move their businesses out of the UK if there is no access to the single market or no access to REACH Promoting the industry amidst Brexit uncertainty The BCF is well-connected with the coatings supply chain and governmental and industry bodies, and have been using these connections to engage in debate on ensuring a competitive future for the UK coatings industry. The BCF is a member of various groups such as the Chemical Stakeholder Forum, REACH Cross Sector Group, and the Chemical Growth Partnership supply chains sub- group, which are all in conversation with government on Brexit. These results will now be used to inform some of the trade negotiations the Government will be conducting since Article 50 has now been triggered. With the General Election set to take place 8 th June, the survey results will be reinforced to any newly elected MPs or Government Ministers to help ensure the best Brexit outcome for the sector. Further, after a meeting with Barry Gardiner, MP for Brent North, he tabled several parliamentary questions about the future of REACH post-Brexit. This was an excellent way of raising the profile of the chemicals industry and some of the unique problems the sector might face after Brexit. The BCF has also submitted evidence to the Environmental Audit Committee’s inquiry into the future of REACH when the UK leaves the EU. Whilst there is undoubtedly uncertainty for businesses over the coming years, the BCF will continue to lobby and work with government to make the most of Brexit and ensure the coatings industry prospers in a global environment. Brexit risks and opportunities for the chemical industry supply chain 76% SAW RISKS Tariff concerns Loss of regulatory equivalence 24% SAW OPPORTUNITIES 24% 40% Customs admins/delays 11% New trade deals 33% Simplified regulations 67% Loss of raw materials Lack of innovation 3% Higher input prices 7% Loss of quality 8% 7% * Source: ACA Brexit impact survey February 2017 13