New Figures reveal Northern Powerhouse Export Growth

Exports from the Northern Powerhouse have grown by more than 16 per cent over the past eight years, reaching almost £15bn in the last quarter, according to new figures.

The official figures have revealed that the demand for goods made in the region has grown by 3.5 per cent over the last year, and 16.1 per cent since 2010.

The combined value of all goods in the second quarter of 2018 was £, £2.1bnmore than the same time in 2010.

The Q2 figure also represents an increase on the £14.5bn reported in the first quarter of 2018.

Northern Powerhouse minister Jake Berry said: “These figures show that the Northern Powerhouse is delivering for exporters across the whole of the North of England. As we prepare for Brexit, the exporters of the North are rising to the challenge. These figures prove that the feeling of optimism about our growing Northern economy I witnessed this summer as part of my tour of the North is real and creating jobs, wealth and growth across the region.”

Machinery and transport, chemicals and manufactured goods are the biggest exports from the Northern Powerhouse and are worth a combined total of £11.2bn.

The figures from HM Revenue & Customs show the European Union is the biggest destination for northern exports, followed by Asia and Oceania.

Paul Harris, director of economic development, at Rolls-Royce, added: “It’s positive to see that there has been a rise in trade and exports in the Northern Powerhouse. Rolls-Royce employs 25,000 people in the UK, accounts for 0.7 per cent of UK GDP and 2 per cent of all UK goods exports. Trading internationally is vital to our global business and 80 per cent of what we manufacture in the UK is exported around the world.

“With sites in the North West, North East and Yorkshire and Humber, Rolls-Royce has a significant impact on the Northern economy employing around 2,000 people, supporting more than 25,000 jobs and spending more than £500m with supply chain businesses.

“Recent investments of over £160m to modernise facilities in Barnoldswick, Lancashire and £130m on a state of the art discs facility in Washington, Tyne & Wear demonstrates our commitment to the North and we are also committed to working with the Government as Northern Powerhouse partners.”

Source: Steve Farrell, Insider Media, 6th September 2018

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