Investing in Makers is investing in London's Future

"When people think about London's economy, manufacturing is not usually the first sector that comes to mind. Yet more than 14,000 manufacturing businesses operate across the capital, many of them micro or small enterprises concentrated in a number of clusters across the city such as Park Royal (West London), Brimsdown Industrial Estate (North London) and Maker Mile (Hackney, East London). These London firms contribute to a sector valued at £11 billion in 2023, an increase from £10.2 billion the year before."

"Much of this work happens out of sight, but its impact is everywhere; manufacturing underpins the products and services that keep the city running, from everyday goods to high-growth sectors. For example, AI is one of the most significant emerging trends, and London's manufacturing firms are starting to explore how it can transform production processes, alongside with technologies such as 3D printing and flexible manufacturing."

"Food and drink producers supply restaurants, cafés, and local shops, with more 300 manufacturers in Park Royal and 130 manufacturers based in Hackney alone. Textiles and specialist makers provide costumes and set design for the West End, supported by hubs in Westminster, which is home to around 150 small manufacturing firms. Small engineers and craftspeople across the city also create products that feed into our High Street as well as hospitality, and healthcare."

More than 14,000 manufacturing businesses operate across London, predominantly micro and small enterprises clustered in areas such as Park Royal, Brimsdown Industrial Estate and Maker Mile. The sector was valued at £11 billion in 2023, up from £10.2 billion in 2022. Food & Drink generated £3.9 billion in 2023 and remains the largest subsector. Manufacturing firms supply restaurants, shops, the West End and public services, and support hospitality, healthcare and retail. Firms are beginning to explore technologies such as AI, 3D printing and flexible manufacturing to transform production processes. Much manufacturing activity remains unseen but materially sustains London's economy and culture.

Read at Business Matters