Marine Scientific Sector Major Contributor to UK Economy

The fifth business survey of UK marine scientific industries by the Society of Maritime Industries highlights continued growth for the Marine Science and Technology sector & reveals it is a major contributor to the UK economy. The survey was conducted at Ocean Business, a trade show held in Southampton during April 2013, hosting over 300 companies representing the world’s leading ocean technology suppliers and service providers.

As with earlier studies, this report aims to provide an insight into current business activity in terms of market sectors, market size and business confidence both current and forecast.

Highlights from the report
    •    Export remains strong with 81% (77% in 2012) companies exporting some products and services
    •    Average number of employees per company has increased by 4.8%
    •    Turnover per employee has increased in the majority of income bands
    •    SMEs continue to dominate the sector representing 90% of the companies.

The 2013 Annual Review of the UK Marine Scientific Industries can be found at: http://www.maritimeindustries.org/CoreCode/Admin/ContentManagement/MediaHub/Assets/FileDownload.ashx?fid=99110&pid=10160&loc=en-GB&fd=False