A report commissioned by Bondholder Derby City Council has found that the planes, trains and automobiles sectors contribute a combined economic output of £9.5bn for Derby’s economy.
The research shows that nearly 50% of all output in the city comes from aerospace, rail and automotive and the three sectors employ 20% of all employees in Derby.
The report confirms that 25,500 people are directly employed in aerospace, rail and automotive functions and this number rises to 37,000 when the supply chain is taken into account.
The aerospace sector contributes £4.45 billion economic output to the local economy. This is 23.2% of total output generated in the City and is the largest contributor to economic activity.
The rail sector contributes £1.61 billion economic output to Derby. This is 8.4% of the total output generated in the City and is the 3rd largest industrial sector contributor.
The automotive sector in Derbyshire contributes £3.4 billion economic output to the sub-regional economy.
Cllr Martin Rawson, Deputy Leader of Derby City Council said: “This report offers a variety of practical recommendations for how we can support the supply chain to continue to achieve success and maintain Derby’s position as a leader in advanced manufacturing.”