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Physics and the economy

Physics is central to the UK economy. Whether through the application of novel research and technologies, or through the skills and abilities of physics-trained workers, physics drives businesses and innovation.


One of our key roles, and that of our members, is to ensure those with decision-making power fully understand the contribution a strong and connected physics business community can make to the economy, and how vital a well-funded, thriving R&D base is to the discovery and solutions process.

We are committed to representing physics-based businesses and physicists at the highest levels of government and produce policy briefings and influential reports highlighting the critical contribution that physics-based businesses make to our economy.

The 2021 project

We are currently running this project again to update our core economic insights on the physics sectors in the UK and Ireland, providing a measure of their performance and health.

This time, the project will not only provide the most up-to-date snapshot of these sectors, but also review their performance across the past decade.

The data and new reports will be available from September 2021.

Reports

See reports from our 2016-17 project on the employment opportunities and economic value physics-based businesses delivered across the UK and Ireland.

2017

The role of physics in supporting economic growth and national productivity

Read the introduction and download the report

The role of physics in supporting economic growth and national productivity in Ireland

Read the introduction and download the report

The role of physics in supporting economic growth and national productivity in Northern Ireland

Read the introduction and download the report

The role of physics in supporting economic growth and national productivity in Scotland

Read the introduction and download the report

The role of physics in supporting economic growth and national productivity in Wales

Read the introduction and download the report

2016

The Health of Physics in UK Food Manufacturing

Download report (PDF, 1.8MB)

The health of photonics

This report by the photonics community emphasises the role physics can play in advancing light-based technologies and examines how these technologies can support the government's industrial growth strategy.

2018

The health of photonics: How light-based technologies are solving industry challenges, and how they can be harnessed to impact future economic growth

Read the introduction and download the report