Buckinghamshire, Brexit and Engineering · Manufacturing Computer & Electronic Products...
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Buckinghamshire, Brexit and Engineering Rupert Waters 24 February 2017
Transcript of Buckinghamshire, Brexit and Engineering · Manufacturing Computer & Electronic Products...
Buckinghamshire, Brexit and Engineering
Rupert Waters
24 February 2017
Productivity
“More balanced growth
across the country can
enable higher growth for
the United Kingdom
overall”
Productivity
75 80 85 90 95 100 105 110 115 120
Buckinghamshire CC
Bristol, City of
Leeds
Manchester
Tyneside
Liverpool
Birmingham
Sheffield
Nottingham
2015
2014
2013
Output growth by sector
Agriculture, forestry and fishing Production
Manufacturing Construction
Distribution; transport; accommodation and food
Information and communication
Financial and insurance activities
Real estate activities
Business service activities
Public administration; education; health
Other services and household activities
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
-30 -20 -10 0 10 20 30 40 50
GV
A,
20
15
(£
m)
Change in GVA, 2010-2015, %
Manufacturing output
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
% o
f B
uckin
gh
am
sh
ire G
VA
GV
A,
£m
£m (LHS)
Share of total (RHS)
Exports
R² = 0.1725
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
20 25 30 35 40 45 50 55 60
Valu
e o
f exp
ort
s p
er
job
, £
GVA per hour worked, £
Buckinghamshire Occupational Change 2014-24
-5 0 5 10 15 20 25 30
1 Managers, Directors And Senior Officials
2 Professional
3 Associate Professional And Technical
4 Administrative And Secretarial
5 Skilled Trades
6 Caring, Leisure And Other Service
7 Sales And Customer Service
8 Process, Plant And Machine Operatives
9 Elementary
Expansion
Replacement
Forecast Industrial Change
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
-1,000
-500
-
500
1,000
1,500
2,000
2,500
3,000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Accomodation, Food Services & Recreation Agriculture, Forestry & Fishing
Construction Extraction & Mining
Finance & Insurance Information & communication
Manufacturing Professional & Other Private Services
Public Services Transport & storage
Utilities Wholesale & Retail
Cumulative total (RHS)Source: Experian Local Markets Forecast ©, December 2016
Manufacturing recruitment
0
200
400
600
800
1,000
1,200
1,400
Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1
20162015201420132012
Manufacturing recruitment
0
200
400
600
800
1,000
1,200
1,400
Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1
20162015201420132012
Manufacturing
Professional
Impact of Brexit
Source: Experian Local Markets Forecast ©, December 2016
-1200 -1000 -800 -600 -400 -200 0 200 400
Public Services
Manufacturing
Wholesale & Retail
Information & communication
Accomodation, Food Services & Recreation
Agriculture, Forestry & Fishing
Transport & storage
Finance & Insurance
Utilities
Professional & Other Private Services
Construction
Impact of Brexit
-450 -400 -350 -300 -250 -200 -150 -100 -50 0 50 100 150 200 250 300 350
Workforce jobs
Manufacturing
Computer & Electronic Products
Non-Metallic Products
Metal Products
Textiles & Clothing
Food, Drink & Tobacco
Machinery & Equipment
Pharmaceuticals
Other Manufacturing
Wood & Paper
Printing and Recorded Media
Source: Experian Local Markets Forecast ©, December 2016
Impact of Brexit
-10 0 10 20 30 40 50 60 70
Client base
Online presence
Investment in markerting
Investment in equipment / machinery
Staffing levels
R&D activity
Exporting
Importing
Number of premises / branches
Investment in training
Eurocurrency bank accounts
For next 12 months
Change since EU referendum
Industrial Strategy
“Its objective is to improve living standards and economic growth by
increasing productivity and driving growth across the whole country”
38 consultation questions, including
• What should be the priority areas for science, research and innovation
investment?
• What else can the UK do to create an environment that supports the
commercialisation of ideas?
• How can we best support research and innovation strengths in local areas?
• How can we link the skills needs of industry to skills provision
• How can we encourage and enable people to retrain and upskill throughout
their working lives?
Closing remarks
Manufacturing employment forecast to continue to fall…
… but forecasts strengthening
Goods exports low but high value
Occupational profile is changing
Professional occupations rising across the county…
… but not in manufacturing
Research questions
