Set to be launched at MACH 2024 in Birmingham, ‘The True Impact of UK Manufacturing’ report shows that the manufacturing industry is worth £518bn and supports 7.3 million UK jobs directly and across the supply chains/communities it operates in.
Carried out by Oxford Economics and the Manufacturing Technologies Association (MTA), the report also shows that manufacturing accounts for 34.5 per cent of all UK goods and services exports, whilst the median wage is £31,300, which is 11 per cent higher than the national average.
James Selka, MTA’s CEO, is now urging the sector to build on this report by exploring ways in which it can address skills shortages and develop successful programmes, such as the High Value Manufacturing Catapult Centres, to increase wealth creation by commercialising more of the innovations developed in the UK.
Accrol Group Holdings plc (LON:ACRL) is the UK’s leading independent tissue converter, producing toilet tissue, kitchen towel, facial tissue and biodegradable wet wipes. The UK soft tissue market is worth £1.6bn with private label products comprising circa 50%. Accrol is the leading supplier to the private label market, which is growing at over 8% year on year.
