"We simply cannot maintain a viable manufacturing sector unless we have the right infrastructure in place to support it. The efficiency of our roads, rail networks and ports is key to our ability to ship raw materials into the country, ship finished products out, and give manufacturers access to markets in Europe and the wider world," he said.
The summit, which took place at ICE headquarters in Westminster, was held to discuss how the manufacturing industry is fairing during the current economic downturn and how to build a more balanced economy.
Foulkes also urged the attendees not to forget about other sectors that are struggling due to the current financial crisis. "Whilst it is right to recognise the importance of the manufacturing industry, we must also not forget other sectors are being affected as well. The construction industry in the UK accounts for around 10% of GDP and employs over 2.5M people – its health is therefore crucial to our economy. "Politicians on all sides of the House should be concerned with how we ensure these industries continue to thrive in the current challenging economic climate," he said.