The automotive industry has been one of the most vocal supporters of Britain’s role in the EU since prime minister David Cameron threw membership into doubt with the promise of an in/out referendum by the end of 2017 if his party wins next year’s national election.
Britain’s car industry, which employs around 730,000 people in Britain and generates sales of almost £60bn (€72.4bn) a year, enjoyed a renaissance in 2013, bucking a weak European trend to hit a six-year production high.
According to a survey by the Society of Motor Manufacturers and Traders, 92% of companies in the industry believe membership of the 28-country bloc has been a key driver of that growth.
Seventy percent believe a withdrawal would damage their medium to long term futures.
“Being part of a strong Europe is critical for future success,” society chief executive Mike Hawes said in a statement.
Amongst the benefits to the industry are access to the single market, integrated supply chains, free movement of labour and the ability to influenceregulations across the region.
Three percent of car firms said they would like to leave the EU, and the remaining 5% had no opinion.
A string of multinational employers operating in Britain, including financial services firms and planemaker Airbus as well as carmakers Ford and Nissan, have expressed concern at the prospect of Britain withdrawing from the EU.
Leading British figures including advertising industry heavyweight Martin Sorrell and Roger Carr, chairman of defence giant BAE, have also fronted the campaign — often filling a void left by politicians who have struggled to make the case for EU membership in the face of rising anti-EU rhetoric.
Joe Twyman, director of political and social research for Europe, Middle East and Africa at pollsters YouGov, said their research showed people were likely to make their decision based on which option would make them better off financially.
“So if you can make that economic argument, which is very very strong, then that is a powerful thing and who better, you could argue, to make that economic argument than businesses,” he told Reuters.