London — The UK is to announce its plans to expand the use of material from the “Matter” supply chain, which includes material used in building materials.
The new platform will allow UK firms to sell “materials from the ‘Mentors’ to UK clients and suppliers,” according to the British firm’s vice president for communications and business development, Tom Young.
“We want to be able to bring material from Mentors to UK-based businesses and build relationships with companies that use our materials,” he said.
“For example, we will be able provide material for buildings or other materials that will be needed to manufacture the building materials for our customers.”
The Mentors are companies that provide “material support for a wide range of industries and projects” but are “not affiliated with any specific manufacturer,” according the firm’s website.
The UK Government is considering introducing an “in-sourcing” tax that will see a portion of the UK’s trade surplus with other countries.
The “in sourcing” tax, which is expected to cost the country billions of pounds, would apply to imports from foreign firms that use the materials in building or other projects.
The move would allow UK companies to sell the materials used in their products, such as in building scaffolding or concrete, to UK businesses.
The material is usually sourced from Mentor suppliers.