UK retains crown

North east Scotland to enjoy boom in subsea engineering

Neil Gordon: ‘companies reveal much greater optimism

Job opportunities in the subsea engineering sector are expected to accelerate as Britain retains its position as the global leader in the sector.

Forecasters say 9,000 UK jobs will be created over the next three years – mainly in northeast Scotland – in a sector worth £7.8 billion, or 37% of the global market of £21bn.

The latest figures from industry body, Subsea UK confirm that the UK remains the market leader in underwater engineering, manufacturing, products and services.

Subsea UK’s Business Activity Review for the fiscal year 2018/19, shows employment figures remain fairly static, rising from 45,033 in 2017 to 45,163. However, the forecasts for recruitment in the next 12 – 36 months are more promising.

Almost 80% of companies anticipate ramping up recruitment, with forecasts suggesting employment in the industry could rise to over 54,000 by 2022.

The review, published in advance of its three-day annual Subsea Expo event in Aberdeen, says the majority of these jobs will be in North-east Scotland, where 63% of the industry is based.

However, the North-east of England, where the subsea industry is worth around £1.5billion and supports 15,000 jobs, will also see a considerable increase in recruitment.

Neil Gordon, chief executive of Subsea UK, formed by government and industry in 2003, said: “The last five years have taken their toll on those subsea companies predominantly operating in oil and gas. But the findings in this business activity review reveal that the UK subsea industry has weathered the storm.

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