Manufacturing & Engineering
The UK’s manufacturing sector proved the sceptics wrong in 2017 by growing more strongly than most analysts had expected in what some like to term the ‘march of the makers’. Although its share of overall economic activity has been slipping, the industry remains a core part of the UK’s wider economy and is a key enabler for other sectors to thrive. It is also a very forward-thinking industry, accounting for an estimated 70% of all research and development spending in the UK. The Industrial Strategy published by the Government in November 2017 could help the sector to grow even more strongly in the future.
Sector at a glance
- 45% - The share of UK exports that come from the manufacturing industry
- 397,000 - The number of people employed in the UK's car manufacturing industry and related supply chain
- 10% - The proportion of GDP accounted for by the manufacturing sector