He tells his 6,500 UK workforce that while they are free to vote as they want, he’s voting to leave.
He writes: “Dear Colleague, The EU referendum takes place on June 23 and no one can be certain of the outcome. One thing I’m certain of is this: JCB will continue to trade with Europe, irrespective of whether we remain in or leave the EU. JCB was selling into Europe long before the UK joined the Common Market in 1973 and it will remain an important market for JCB.”
He continues: “The UK is a trading nation and the fifth largest economy in the world. I am very confident that we can stand on our two feet. I believe that JCB and the UK can prosper just as much outside the EU, so there is very little to fear if we do choose to leave.
“I voted to stay in the Common Market in 1975. I did not vote for a political union, I did not expect us to hand over sovereignty to the EU. I certainly did not expect unaccountable leaders in Brussels to govern over us.
"So do I wish to remain in an EU of diminishing economic importance as it moves towards ever closer union? Or do I want us to pull out of the EU, reclaim our sovereignty and regain control of how we trade with Europe and the world?"
“After more than 40 years in the EU, I will be voting to leave. How you vote is entirely a decision for you. I respectfully urge you to consider all of the arguments ahead of this important referendum. Above all, do please cast a vote, one way or the other – your opinion counts and your vote counts."