Category: Press releases

UK Photonics output increases to £13.5 billion –

UK photonics output reaches £13.5 billion according to the latest update from the PLG. The industry now contributes £5.3 billion of gross added value to the UK economy annually and employs 69,000 people in the UK at a productivity of £76,400 per employee, significantly above the UK average of £67,000 per manufacturing employee

The UK photonics industry is now equivalent in size to the UK pharmaceutical, fintech or space industries in the UK.  The continued growth of UK photonics reflects the critical role that light plays in current and next-generation products and manufacturing.

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Photonics Leadership Group adds Vice Chair-person and Treasurer

At the latest Photonics Leadership Group meeting at Photonex, Coventry on 10 October, the 30 senior representatives of the UK photonics industry present voted to create the positions of Vice-Chair person and Treasurer to the group. These additional voluntary positions representing the UK photonics industry, are being created in response to the significant increase in…

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UK photonics – the £12.9Bn hidden economy

Detailing the impact of photonics on the UK economy the “UK Photonics: The Hidden Economic Engine”  joint report by the Photonics Leadership Group, Knowledge transfer Network and the Future Photonics Hub outlines how the industry contributes £12.9Bn to the economy per year. Expanding on figures reported in 2017, the report compares UK photonics to other…

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UK photonics worth £12.9 billion to UK economy

UK photonics industry output now exceeds £12.9 billion, is growing at twice the national average.

This updated analysis of the UK photonics industry shows a rise of £2.4 bn since the last report in 2013, recording an average growth rate of  >5.3%, which finds UK photonics to be growing at twice the speed of the rest of the UK economy.

The UK Photonics: the Hidden Economy report, published in May 2018, details  how such an enabling sector can be analysed and compares UK photonics to other key UK manufacturing sectors, the fit of photonics to the UK industry strategy and its position relative to the European and global photonics industries.

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Westminster Hall debate regarding Photonics Industry

Carol Monaghan, MP for Glasgow North West, has successfully applied for a Westminster Hall debate on the UK Photonics Industry, to be held on Wednesday 25 January 2017 @ 11am

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