Engineering sector in the North East surpasses London for growth

The North Eastern engineering sector has surpassed even London in terms of growth over the past year, fresh research from Nixon Williams, an accountancy provider to the engineering sector, has been able to reveal.

The report suggests that between 2014 and 2015 the number of engineering businesses in the North East jumped by 17.6 per cent from 595 to 700.

This compares favourably to a 5 per cent increase in engineering businesses across the UK as a whole, from 20,490 to 21,510, as well as an 11.8 per cent jump in London over the past year from 1,985 to 2,220.

Victoria Kelly, practice manager at Nixon Williams, said: "The engineering sector is rebounding strongly, but that recovery is very unevenly distributed.

"London has led the pack in recent years buoyed by Crossrail, which has fuelled engineering start-ups in the capital, but the North East has now taken up the baton. The North East has established itself as an engineering powerhouse with multinationals like Nissan, Hitachi, Komatsu and Caterpillar all present in the region.

"Alongside automotive, the North East has vibrant rail, aerospace and defence sectors. All these sectors support a supply chain, which is where many engineering start-ups tend to emerge as providers to the large multinationals."

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