Manufacturing growth may lead to new jobs
Promising news for job hunters – UK manufacturing is growing at its fastest rate since 1994.
A survey by the Engineering Employers’ Federation (EEF) and accountancy organisation BDO LLP has shown that UK manufacturers are continuing to report strong trading conditions, with indicators for output remaining at records levels for the third quarter in succession.
The federation is hopeful that this news will lead to a growth in sector job opportunities as over two thirds of the companies questioned said they were looking to increase capital investment.
Terry Scuoler, EEF’s chief executive highlighted that manufacturing is well placed to fill the growth gap as the public sector’s role shrinks, and that investments in innovation and skills will lead to the creation of new jobs. Tom Lawton, head of manufacturing at BDO LLP, mirrored these comments.
“This broad based recovery shows that manufacturing can be the flag bearer for the vital private sector growth we need as impending cuts mean the public sector must take a back seat. Manufacturers now need to take advantage of this continued growth by investing in capital equipment and the skills within their workforce,” he says.
With sectors such as electronics and aerospace all having strong elements of manufacturing, this is positive news for recent graduates soon or young engineers considering a new role.