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Is The Process Industry A Good Bet For Business Opportunities In The Uk
Category: FinanceThis shows promise to north east businesses both in the process industry and in an industry as a whole. This also makes the North East a great place to invest.
Based at Teesside University, the academy aims to deliver up to 8,000 extra NVQ qualifications and hopefully train 850 or so apprentices across the region. With employees working within this sector adding 46% more value to the economy than the average working person in the UK, this sector is seen as the jewel in the crown of British industry to many people.
With £7.2bn of investment projects being undertaken the contribution to the regional economy will be boosted to in excess of £15bn by 2015. The 200, biotechnology, pharmaceutical, petrochemical, speciality, and commodity chemical companies based in North-east,
One area that you should give serious consideration to is the North East of England. It has more than 200 companies, many of which are Global names, who are involved in the North East Process Industry cluster. This means that there are over 34,000 people involved in the process industry in the North east. There are also an additional 350 companies involved in the first and second tier supply chain.
This provides £8bn of GDP and over 25% of the regions industrial base, employing 34,000 people directly and impacting indirectly on the income of a further 280,000.
The labour market in the UK has become one of the most flexible in the EU. This has been one of the factors behind strong economic growth in recent years. Employers looking to recruit people from outside the EU have to apply for work permits before bringing them into the country.
A new, points-based system divides potential workers from countries outside the EU into different tiers: Highly-skilled workers such as scientists and entrepreneurs, Skilled workers with a job offer, Low-skilled workers filling labour market gaps, Students and temporary workers. The UK’s business community has long viewed overseas workers as helping to boost UK competitiveness making it an ideal place to invest.
Of course if you are looking for Process Industry Opportunitiesthe development of the sector is supported by top-ranking research at the region’s universities into an impressive range of advanced science and related technologies. The Centre of Excellence for Process Innovation is also conducting research and is co-ordinating the commercial exploitation of emerging technologies.
If you are looking for a business opportunity or somewhere to expand your business then consider the North East of England, where there is highly skilled labour, backing from the universities and an excellent infrastructure.
Invest NorthEast England are a regional based development agency that encourage Business opportunities in the UK.
Tags: Business opportunities, Skilled labour, Process Industry opportunities