The Chemical and Pharmaceutical Industry is one of the UK’s top manufacturing exporters. The sector adds over £14 billion of value to the economy, on sales of £40 billion and is responsible for around half a million direct and indirect jobs.
We are trade intensive and, with 70% of operations headquartered from overseas, we compete with global production locations for mobile investment capital.
The chemical industry improved its productivity by 10% between 2008 and 2014 and pays its workers on average 30% more than the average manufacturing worker. A large number of our jobs are in the north of England and Scotland.
- Spends £4.4 billion each year on investment in buildings, vehicles and machinery
- Invests almost £5 billion each year on research and development
- Manufactures products and technologies that are delivering a green economy, including delivering twice the carbon saving for society compared to what we use
Our companies are behind some terrific innovations
The women and men who lead and work in the factories, offices and laboratories of our member company sites throughout the UK are massive contributors to the UK economy:
- 1 in 3 cars is fitted with a Johnson Matthey autocatalyst
- Wind turbine gearboxes benefit from the energy efficient oils produced by INEOS
- The recently announced GSK investment will see the UK continue to be the centre of vital drugs and medicine research and manufacture to combat asthma and respiratory disease
All facts and figures correct as at February 2017