by 👨💻 Simon Baxendale
The UK’s decision to leave the European Union in 2019 has left more than a few things up in the air. Not only are individuals on either side of the channel – and over in Ireland and Northern Ireland – set to be impacted in various ways, businesses are, too. Even with the news of Brexit breaking out, some global corporations were already working on contingency plans to relocate their UK offices to elsewhere on the continent. It seems, too, that the whole Brexit process is shaping up to be more than a little complex for those in charge of negotiating a smooth transition.
Brexit, however, has had its champions. One of them is James Dyson, the face and head of his eponymous brand which specializes in electrical innovation. Dyson had gone on record to encourage Brexit as potentially beneficial to UK companies once all of the negotiating and the actual divorce occurs – however, the British media has this week set up a headline or two thanks to Dyson’s apparent decision to start building their electric car range in Singapore, as opposed to on home soil.
Dyson as a firm have denied that Brexit is to blame for the move. Instead, they have advised that the move to building their electric car in Asia has been motivated by a number of complex factors, relating to market access, supply chains and available expertise. It’s a fact, also, that Dyson does not currently build its products and innovations in the UK at present – and that it is already employing over 1000 people in Singapore to build electric motors.
Dyson’s plans for their first electric car look set to go ahead in the next couple of years, with 2021 being earmarked as the project launch date for their first model to roll out. All around, it seems that the firm are keen to put Singapore forward as the best possible base for such operations. “Singapore has a comparatively high cost base, but also great technology expertise and focus,” chief executive Jim Rowan states. “It is therefore the right place to make high-quality, technology-loaded machines, and the right place to make our electric vehicle.”
▶ Nick Ferrari Criticses Brexiteer Sir James Dyson Over Singapore Snub
As Brexit looms closer, some firms have been keen to move their UK bases overseas as the aftermath still seems hazy – with a two-year transition coming up in March.