Event Overview
This webinar provides an analysis of the comparative productivity of the manufacturing industry across UK regions, specifically the East Midlands, West Midlands, and Yorkshire.
Drawing on data from the Office for National Statistics (ONS), the manufacturing sector has been identified as the largest contributor to output growth per hour, with a rate of 0.7 compared to 0.1 for the total UK industries, underscoring its critical role in driving regional economic performance. Productivity, defined as the ratio of output to labour hours, is influenced by both changes in output and labour efficiency.
The report explores key factors affecting regional productivity, including the impact of collaborative R&D grants that foster technological advancements and innovation, as well as labour market dynamics that ensure the availability of skilled and adaptable workers. It highlights how the innovation ecosystems of these regions contribute to building resilience in the manufacturing sector.
The insights derived from this analysis are intended to support stakeholders—including regional policymakers and industry leaders—in making informed decisions to enhance regional economic growth. Ultimately, the report aims to promote a more productive, resilient, and sustainable manufacturing sector across the UK, ensuring long-term economic growth.