The Economy

Our sector is critical to the UK economy. Our companies drive innovation and deliver real advantages to high value downstream industries and society. We work alongside member companies to build a broad understanding of our industry’s economic contribution.  We contribute to ensuring a sustainable industry through the work of the Chemistry Council and by influencing UK government policy through engagement on the Budget, BEIS’s Industrial Strategy and throughout the Brexit negotiations. We aim to ensure continued growth in the chemical sectors’ contribution of £14 billion in annual value add to the UK economy, equivalent to an impressive 10% of all manufacturing. The sector is a major exporter of goods, delivering a net (trade) surplus and is a significant job creator with 140,000 employed in high quality, well paid jobs across the UK.