News: Manufacturing strategy for Yorkshire launched
A strategy for manufacturing which outlines what actions need be taken to help Yorkshire and Humber's manufacturing sector grow and become recognised internationally has been produced.
The strategy takes a long term view of where the sector needs to be in five, ten and twenty years from now, identifying actions and the support needed to grow manufacturing by over 50%, so it represents 20% of the regional economy by 2030, compared to the 13% it represents now.
Although manufacturing as a whole is not growing regionally as a result of international competition, high-tech manufacturing has continued to grow and export, and remains strong.
Four strategic sectors have been chosen to drive growth and development: Advanced Engineering and Materials; Digital Technologies; Healthcare Technologies; Low Carbon Technologies.
Richard Wright, Chair of the Yorkshire and Humber Manufacturing Steering Group and chief executive of Rotherham company, Inertius, said: "These sectors have been chosen because they represent enormous international market opportunities and regionally we know we are good at them - and therefore able to compete in the world market and export their products and make money - which gives us the best return on our investment.
"This no way detracts from the importance of businesses in other sectors, but identifies them as drivers through which manufacturing can produce a step change in its performance and by which Yorkshire and Humber will be recognised internationally. Resources are finite so to fully exploit commercial potential; resources have to be focused."
Simon Hill, Executive of Director of Business at Yorkshire Forward added: "Manufacturing is important because it is a high exporter and brings real value into the region and an economically balanced region needs a strong manufacturing base. Manufacturing is high on the national agenda and we believe Yorkshire and Humber can lead the way nationally with this focused strategy which builds on the region's strengths."
Yorkshire Forward website
Rotherham
The strategy takes a long term view of where the sector needs to be in five, ten and twenty years from now, identifying actions and the support needed to grow manufacturing by over 50%, so it represents 20% of the regional economy by 2030, compared to the 13% it represents now.
Although manufacturing as a whole is not growing regionally as a result of international competition, high-tech manufacturing has continued to grow and export, and remains strong.
Four strategic sectors have been chosen to drive growth and development: Advanced Engineering and Materials; Digital Technologies; Healthcare Technologies; Low Carbon Technologies.
Richard Wright, Chair of the Yorkshire and Humber Manufacturing Steering Group and chief executive of Rotherham company, Inertius, said: "These sectors have been chosen because they represent enormous international market opportunities and regionally we know we are good at them - and therefore able to compete in the world market and export their products and make money - which gives us the best return on our investment.
"This no way detracts from the importance of businesses in other sectors, but identifies them as drivers through which manufacturing can produce a step change in its performance and by which Yorkshire and Humber will be recognised internationally. Resources are finite so to fully exploit commercial potential; resources have to be focused."
Simon Hill, Executive of Director of Business at Yorkshire Forward added: "Manufacturing is important because it is a high exporter and brings real value into the region and an economically balanced region needs a strong manufacturing base. Manufacturing is high on the national agenda and we believe Yorkshire and Humber can lead the way nationally with this focused strategy which builds on the region's strengths."
Yorkshire Forward website
Rotherham
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