THE North West remains the powerhouse of the UK’s manufacturing sector and an increasingly critical factor in the region’s economic growth, according to new statistics today from manufacturing organisation EEF.
They show the manufacturing sector employs about 315,000 people in the region and is worth £16bn to the economy, almost 13% of the UK’s overall manufacturing output. It also accounts for 11% of the North West regional economy.
The growth is being driven by a broad spectrum of manufacturing companies in the region, from food and drink to healthcare, chemicals and pharmaceuticals, as well as the aerospace and automotive sectors which have a major bearing on the supply chain and have seen significant investment.
Growth is also being driven largely by manufacturing exports which have increased by 34% in the past five years, especially to emerging economies such as Brazil, Russia, India and China.