Failure to meet demand for engineering skills "will cost UK £27bn a year"
A report highlighting the commitment and cost involved in filling the demand for new engineering jobs has been released by Engineering UK.
It revealed an additional £27 billion will be generated per year for the UK economy from 2022, the equivalent of building 1,800 schools or 110 hospitals, according to new research published in Engineering UK 2015 The State of Engineering.
To meet projected employer demand, the number of engineering apprentices and graduates entering the industry will need to double.
As the report states, we need more engineers. Engineering companies will need 182,000 people per year with engineering skills in the decade to 2022 but there is a current annual shortfall of 55,000 skilled workers.