UK Manufacturing Statistics
According to the EEF, UK manufacturing:
Employs 2.6 million people
Contributes 10% of GVA
Accounts for 44% of total exports
Represents 69% of business research and development (R&D)
Provides 15% of business investment
Statistics by sector:
The aim of the buy-back is to reduce the issued share capital of the company, aiding the enhance of returns for shareholders.
British Aerospace at a glance
111,000+ direct jobs // 120,000 indirect jobs
£29bn annual turnover
17% global market share
90% of turnover to export markets
UK Aerospace is growing 10x faster than the rest of the UK economy
Current backlog of 11,000+ aircraft and 20,000 aircraft
engines is worth around £150bn to the UK economy
ADS has 850+ UK members (from SMEs to globals)
Manufacturing contributes £6.7tr to the global economy. Contrary to common belief, UK manufacturing is strong with the UK currently the 11th largest manufacturing nation in the world. Manufacturing makes up 11% of UK GVA and 54% of UK exports and directly employs 2.6 million people
Despite the decline since the 1970s, when manufacturing contributed 25% of UK GDP, the UK is currently the 11th largest manufacturing nation in the world.
Overall, the UK’s industrial sector has increased by 1.4% a year since 1948, according to a recent report from the Office for National Statistics (ONS).
The ONS attributes the sustained growth to a better quality, more skilled workforce; a shift in production from low to high productivity goods; improvements in automation and ICT; increased investment in R&D, and a more integrated global economy.
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