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With rapid growth and the UKs largest port
complex, the region is developing key clusters for the future.
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Area: |
15411
sq km |
|
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Population: |
5.0m |
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Regional
GDP³ |
£57.6bn |
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Exports
to EU³ |
£5.5bn |
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Exports
outside EU³ |
£3.2bn
|
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Unemployment |
5.1% |
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Industrial
property cost* |
81.9 |
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Office
rental cost** |
76.8 |
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%
of exports to Asia/Oceania³ |
10.7% |
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Foreign
manufacturing investment² |
£245m |
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UK
manufacturing investment² |
£1487m |
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R&D
expenditure³ |
£309m |
|
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Gross
Value Added per employee¹ |
£35,000 |
|
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Export
value per employee³ |
£4295 |
|
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Average
earnings per hour³ (male) |
£9.80 |
|
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Average
earnings per hour³ (female) |
£8.20 |
|
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|
|
|
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³=2000;
=Q1,2001; ²=1997; *index: UK=100 (type 3 industrial
property Q1 2001);
¹=manufacturing; ** index: UK=100 (type 1 office accommodation
Q1 2001)
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Yorkshire
and the Humber is one the fastest-growing regions in Europe, supported
by a diverse manufacturing base and a thriving service sector, including
the largest financial centre outside London. No single sector dominates
the region industries range from engineering to information
technology, biotech to chemicals, healthcare to tourism.
More than 1500 overseas companies choose to operate
out of Yorkshire and Humber. Less than two hours from the capital,
the region has traditional skills and strengths in metals, engineering,
fishing, agriculture and textiles, while growth sectors include
automotive components, medical equipment, electronics, printing
and packaging, food and telecommunications.
Five key clusters
The regions development agency, Yorkshire Forward, identifies
five key clusters: food and drink, chemicals, advanced engineering
and metals, digital industries, and bioscience.
Food and drink. With
the UKs food processing capital in Grimsby, the pudding-famed
region boasts around 1000 food manufacturing businesses, and a further
2500 engaged in storage, distribution and wholesale. Big names include
Nestlé, Heinz and Bassetts.
Chemicals. Home to
industry giants such as BP, Novartis and Syngenta, the region boasts
10% of the UKs chemicals output. Extension of the Grimsby
Europarc Innovation Centre provides a focus for innovation and support
in both chemicals and food sectors, while the Humber Trade Zone
initiative aims to maximise assets of the Humber estuary, home to
a large proportion of the regions chemical companies.
Advanced engineering and metals.
This sector encompasses industries from steel processing to high-tech
products for aerospace, automotive and household appliances. The
University of Sheffield is world-renowned for its engineering research,
and is working with Boeing to set up an aerospace manufacturing
research centre on the proposed dedicated advanced manufacturing
park in Rotherham.
Digital industries.
West Yorkshire is a leading centre for new economy businesses, hosting
the likes of Pace Microtechnology, Freeserve, Firstnet ntl, and
One to One. Sheffield is to be the site of the UKs first e-campus
a dedicated business environment for digital, ICT, multimedia
and software. Californian company R-Quest, a leader in CD and DVD
duplication equipment, recently chose York for its new engineering
sales and support centre.
Finance and law. Leeds
is recognised as the legal and financial capital outside London.
There are almost 200 law firms in Leeds, and more than 230 accountancy
firms, including 16 of the UKs 20 largest.
The region has three international airports, while
London is two hours by rail from most of Yorkshire. The four Humber
ports form the largest port complex in the UK, and Channel Tunnel
terminals operate from Doncaster and Wakefield. Much of the region
is brimming with new development sites.
Yorkshire Forward is the Regional Development Agency
for Yorkshire and the Humber.
Websites:
Yorkshire Forward
www.yorkshire-forward.com
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