Two thirds of the UK’s frozen food manufacturers say the Brexit vote has had a negative impact on their business, and less than half see it as a positive export opportunity.
In a new survey of its 300-plus members, the British Frozen Food Federation found that just 45% of frozen suppliers see Brexit as an opportunity to increase overseas trade.
Meanwhile, 68% of respondents said the Brexit vote has had a negative impact on business, with 51% reporting increased input or ingredients costs since 23 June.
In addition, 30% of members polled said the result of the referendum has had a negative effect on their investment decisions.
“I am encouraged by the government’s announcement of the new International Action Plan for Food and Drink, which is designed to boost the sector’s exports by £2.9bn,” said BFFF chief executive John Hyman.
“Our survey reveals there is already an appetite to export, with 31% of the respondents calling for a new globally focused trade policy. However, an overwhelming 64% want either no change to our current EU trading arrangements or free access without free movement of people post Brexit.”
He added: “There are many more opportunities beyond the products we have traditionally exported such as whisky, beef and shortbread. There needs to be a long-term commitment to a trade policy that enables and supports new and existing exporters.”
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