Precision engineering in the UK and why the future is bright…

A market size of £7bn and employing over 10,000 people in the UK*, the precision engineering sector plays a small, yet valuable part, in the wider context of the UK economy and its standing on the global business stage.

With a rocky manufacturing environment in the UK caused by the coronavirus pandemic, with UK car production recording a year-on-year decline of 99.7% in April 2020, and a further year-on-year decline of 95.4% in May 2020 according to the Society of Motor Manufacturers and Traders (SMMT). Yet in other sectors signs the signs in the precision engineering sector are positive, with re-geared operations towards the production of medical equipment during the height of the outbreak having a positive impact on their businesses.

According to kirkstallprecision.co.uk