Food and drink counts for a significant proportion of UK GDP and employment. According to DEFRA, 54% of UK food supply is produced in the UK; 27% from the EU; and 19% outwith the EU. Within that, the global nature of processed food means many foods are made from products from multiple sources via complex supply chains.
The food and drink sector embraces primary production (agriculture); secondary production and processing; wholesale and retail distribution; food service and hospitality. All could potentially be significantly impacted by a Brexit.
In this update, we provide an overview of how the decision by the UK to leave the EU may impact the food and drink sector.
You can read the full post referendum food and drink bulletin here.