A key reason for the importance of Advanced Engineering & Manufacturing activities in Somerset (see separate AEM sector profile), especially in South Somerset, is the significant presence of aerospace activities (a sub-sector of AEM) and their value to the local supply chain. The manufacture, repair and maintenance of aircraft and related machinery alone contributes roughly £333m (GVA) to total output in Somerset, with £330m of this coming from South Somerset alone. This accounts for 9.6% of total economic output in South Somerset.
The manufacture, repair and maintenance of aircraft and related machinery contributed approximately 4,770 full-time equivalent (FTE) jobs, or 2.1% of all employment in Somerset in 2020. This compares to a national average of 0.4%. Employment in this sector is almost negligible in all other district besides South Somerset, where in 2020 there were estimated to have been some 4,730 jobs in aerospace, 7.2% of all jobs in the district.
Measured as GVA per FTE job, productivity for activities pertaining to the manufacture, repair and maintenance of aircraft and related machinery was roughly £89,930 in Somerset in 2020.
Source: Economic Model for Somerset and the Heart of the South West (HotSW) Local Enterprise Partnership, 2022