- Exports from the Northern Powerhouse region have increased by
16.1% since 2010 (exports have increased from £12.8 billion in Q2
2010 to £14.9 billion in Q2 2018).
- Latest Q2 data for 2018 shows a quarter on quarter rise of
2.7% in exports from the region. Since Q2 2015, exports of goods
have increased by 5.9%.
- Northern Powerhouse in a position of ‘strength’, says
Northern Powerhouse Minister.
Official figures released yesterday (6 September 2018) show that
the demand for goods made in the Northern Powerhouse has grown by
3.5% over the last year, and 16.1% since 2010.
Steady year on year and quarter on quarter growth in exports from
the Northern Powerhouse shows the strength of the northern
economy as the United Kingdom prepares to leave the European
Union next March.
The combined value of all goods in Q2 2018 was £14.9 billion,
£2.1 billion more than the same time in 2010.
Also, the value of goods on the quarter in 2018 rose from £14.5
billion in Q1 to £14.9 billion in Q2.
The figures also show that exports from across the Northern
Powerhouse rose by £497million from Q2 2017 to Q2 2018.
Machinery and transport, chemicals and manufactured goods are the
biggest exports from the Northern Powerhouse regions – worth a
combined total of £11.2 billion.
Northern Powerhouse Minister MP, 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.
Yesterday’s figures from Her Majesty’s Revenue & Customs show
the European Union is the biggest destination for northern
exports, followed by Asia & Oceania.
Paul Harris, Director of Economic Development, Rolls-Royce, said:
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% of UK GDP and 2% of all UK
goods exports. Trading internationally is vital to our global
business and 80% 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 £500 million with supply
chain businesses.
Recent investments of over £160 million to modernise facilities
in Barnoldswick, Lancashire and £130 million 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.
