An enduring vision to transform the economy in the North East
Science and research are major contributors to the prosperity of the UK. For our prosperity to continue, the government believes we need high levels of skills in science, technology, engineering and maths (STEM), and citizens that value them.
Various governmental studies have been undertaken since 2010 amongst the science community, business and educators.
The North East Local Enterprise Partnership’s (LEP) Strategic Economic Plan aims to deliver over one million jobs by 2024, with STEM qualification take-up amongst young people being a key priority. This is an enduring vision to transform the economy in the North East to deliver more and better jobs in the region.
The North East has growth opportunities and research assets within Life Science and Health. Over 140 companies employ 5,644 people with an annual turnover of £683million. This is supported by a wider supply chain employing over 7,500 people. Key opportunities exist for creating a cluster economy around ageing and health, supporting drug discovery to delivery and bio-processing.
The North East Digital, Data and Software industries are likely to underpin developments in many industry sectors. Current strength and growth potential includes software development and services, data applications, gaming and virtual reality. 28,000 are employed within ICT and 15,250 within creative industries. Cyber security is also an important sector. Furthermore there is need for non-technical skills such as project managements and sales to underpin growth within digital.
Prospects continue to be bright within Engineering and vehicle manufacturing. Over 502,000 passenger cars and commercial vehicles are manufactured in the North East annually. The sector includes over 240 automotive companies in the North East, generating over £11billion. The sector directly employs 30,000 people and impacts a further 141,000 jobs across the UK. The Subsea and Offshore sector supports over 10,000 jobs and includes over 50 companies.
Our £2.5million STEM Centre will train the next generation of engineers, scientists and technicians.