Engineering Insights: Examining the trends and future outlook for the UK engineering sector
As the leading representative of the professional recruitment sector, APSCo is committed to providing valuable insights and resources to our members. Today, we delve into the thriving world of engineering which is a vital part of the UK economy. According to research from the Royal Academy, “8.1 million people are part of the nation’s engineering economy.” Despite the current economic circumstances growth is still expected in the sector over the next year. This will be driven by several factors:
Need for infrastructure: Despite problems associated with High Speed 2 such as escalating costs and a lack of clarity surrounding the new terminus at Euston, politicians are still firmly committed to completing the project with works expected to continue until around 2040. Similarly, projects like the Lower Thames Crossing, Hinkley Point C, the New Hospital’s Programme and even the refurbishment of the House of Parliament will drive demand for highly-skilled engineers.
Renewable energy: The drive towards Net Zero by 2050 shows no sign of abating. While Britain may be lagging in battery production for electric cars (although a recent announcement from Jaguar Land Rover is very encouraging) it does boast an abundance of offshore wind farms with more in the pipeline. The government has outlined its vision for more electricity to be generated offshore. Similarly, numerous solar farms are also planned or undergoing construction across the country. The drive towards cleaner, greener energy shows no signs of abating. It will require immense technical expertise and a skills shortage will likely only push up salaries in the sector.
Nuclear energy: Although only one new plant is under construction (Hinkley Point C), the government has been exploring “Advanced Nuclear Technologies.” These are more commonly known as Small Modular Reactors (SMRs) that as the name suggests are much smaller than conventional reactors. The technology could have huge benefits for the UK and as such the government has announced funding of up to £120 million to help advance the cause. It shouldn’t be forgotten either that nuclear fission isn’t the only game in town. Huge strides have been made with fusion power which could provide a glut of clean and incredibly inexpensive energy. No wonder the government has also been investing in fusion research. This very looks like a big growth area for recruiters to target.
These are just some of the factors that will drive growth in the engineering sector. But we expect to see job openings in a range of other areas such as oil and gas, aerospace, defence and medical engineering. All of which will likely attract talent with top-tier salaries.
The engineering sector in the UK is a vibrant and rapidly expanding field that presents a plethora of opportunities for recruiters. With a growing number of job openings, attractive salaries, and diverse specialisations, it is a sector that offers immense potential. APSCo, as the leading representative of the professional recruitment sector, remains committed to supporting businesses with valuable insights and resources. Stay tuned for more data and analysis from APSCo, enabling you to make informed decisions and unlock success in the ever-evolving world of engineering.
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