Emerging Sectors in UK
The Organisation for Economic Co-operation and Development (OECD) economies, also known as the developed economies, have experienced a structural shift from manufacturing toward services given the emergence of BRIC countries and other Asian economies in the manufacturing sector. In particular, the knowledge intensive industries such as Communications, Digital and Information Services, Financial and Business Services, Research and Development as well as Education account for a third of the UK output and a quarter of total employment (BIS, 2013). Other established sectors include Health Care, Real Estate, Hotels and Restaurants etc.
The Department for Business, Innovation and Skills from the United Kingdom Government has conveyed certain sectors they are focused on to build a sustainable future for the country. Significant investment is being made in the following sectors as they see a close government and industry partnership central to their industrial strategy for the future. These sectors include Aerospace, Agricultural Technology, Automotive, Construction, Information Economy, International Education, Nuclear, Wind Power, Oil and Gas as well as Professional and Business Services.
The report further indicates a total of £2 Billion invested into Aerospace alone over the next 6 Years along with several hundred millions and billions of pounds pumped into the above listed sectors over the next 10-15 years.