The science, engineering and technology industry plays a major part in the UK economy, representing over 10% of total UK GDP. It accounts for more than one third of total UK exports. It is estimated that, in the UK, there are some 1.8 million people employed in about 75,000 establishments in the core science, engineering and technology sectors. Employment in these industries is expected to grow over the next decade.

Future trends in theses industries will focus on pressures to reduce costs and improve quality. Technological developments will continue to result in changes in working practices and in the structure of companies.

Source: SEMTA 2006

Keywords

GDP - Gross Domestic Product is a measure of the value of goods and services produced, before allowing for depreciation or capital consumption.