Food and drink industry: Growth performance

Strong demand for quality British products has driven continuous growth in exports of value added food and drink since 2010, bucking an overall decline in UK exports.

Independent analysis commissioned by FDF from Grant Thornton in 2010 established five indicators to underpin FDF's 2020 Vision for Growth. Turnover represents the value of goods and services provided to customers. Turnover and GVA are both boosted by exports. Strong demand for quality British products has driven continuous growth in exports of value added food and drink since 2010, bucking an overall decline in UK exports.

To drive continued growth, the UK must remain an attractive place for food and drink companies to invest. Since 2010, we have seen a significant rise in R&D spending in the food and drink sector from both UK businesses and from overseas. This reflects our industry's strong reputation for innovation and its capacity to deliver further growth.

Indicators 2010 2011 2012 2013 2014 Change
since
2010 (%)
GVA (£m)* 20,079 20,391 19,937 21,385 21,855 8.8
Turnover (£m)* 74,395 77,084 80,500 81,690 83,667 12.5
Productivity 52,839 54,231 53,739 56,276 57,063 8.0
Employment^ (000's) 380† 376† 371 380 383 0.8
Value Added Exports (£m)** 3,317 3,656 3,981 4,364 4,590 38.4
R&D (£m)*** 306 366 364 437 430 42.8

† excludes soft drink manufacturing – ONS data withheld 2010-11
* Annual Business Survey
** Global Trade Atlas
*** Business Enterprise Research and Development