New research shows that around 7,600 jobs in Faversham and Mid Kent are supported by exports.
The research, commissioned by the Department for International Trade and carried out by the Fraser of Allander Institute at the University of Strathclyde, shows that 20% of jobs in our constituency are in industries that are “export intensive” at a national level - including legal services, manufacturing and security.
Across the country, the research estimates that nearly 6.5 million jobs are supported by exports.
These statistics lift the lid on the value of exporting-led jobs to our economy and will help inform decisions around future trade policy and investment.
As we recover from Covid, a focus on creating good jobs for the future is needed more than ever. It’s encouraging that the research shows that jobs linked to exports are better paid than the national median (around 7% higher) and with better productivity.
It’s another reason why the Government’s determination to grow export markets around the world is so important. The research shows that more trade means more jobs with better wages at home.
I’ll continue to do everything I can to help goods and services produced in Faversham and Mid Kent be exported all over the world.