The North East of England is witnessing a remarkable resurgence in manufacturing growth, as outlined in the latest Make UK/BDO report.
According to the study, the region experienced a 30% increase in manufacturing output over the past decade, positioning it as a leader in England.
The North East has experienced a significant surge in manufacturing output, as highlighted in the recent Make UK/BDO Annual Regional Manufacturing Outlook report. Conversely, the region’s output has increased by 30% over the past decade, cementing its status as a leader among English regions. This positions the North East uniquely as a frontrunner, surpassed only by one other region.
Exports play a pivotal role in the North East’s manufacturing success. Last year, the region contributed 3% of the UK’s total goods exports. Notably, the majority of these exports, 58%, were destined for the European Union. The United States accounted for 14% of exports, with Asia and Oceania contributing 13%.
Steve Talbot, head of manufacturing at BDO in the North East, also stresses resilience. He notes the region’s ability to adapt to external shocks and changing policies over recent years. Talbot remarks on the exciting prospects for collaboration with the government to foster sustained growth and investment in the sector.
This deceleration signals caution but not alarm. The recent figures indicate moderate growth, underlying the need for adaptive strategies to sustain momentum.
With dedicated efforts toward strategic alignment, the North East is well-positioned to maintain its upward trajectory in manufacturing excellence. Stakeholders are encouraged to embrace collaboration to achieve these goals.
Looking forward, manufacturers in the region are urged to seize emerging opportunities. Collaboration with industry peers and technology adoption are pivotal in navigating challenges effectively.
The North East has demonstrated remarkable resilience and adaptability in the face of global challenges. With continued strategic initiatives and collaborative efforts, the region is poised for future growth and success in the manufacturing sector.
The North East’s manufacturing sector stands as a testament to resilience and strategic growth.
Through focused collaboration and strategic investments, the region is set to maintain its leadership in UK manufacturing.
