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Employers are being urged by WR Engineering to address the growing skills gap in the sector due to a record number of engineers preparing to retire.

This is after a recent ECITB report into the engineering labour market revealed that 91,000 engineers and 29,000 engineering technicians will have retired by 2026.

This is backed up by additional research from Engineering UK stating that an additional 1.8m engineers and technically qualified people are needed to bridge skills gaps by 2025.

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Managing Director of WR Engineering, Lewis Richards, commented on the findings, “With UK’s engineering & manufacturing sector teetering on the edge of a steep retirement cliff, it’s clear that concerted efforts will be needed to ensure the current skills shortage doesn’t turn into a talent crisis. As a sector that contributes so much to the UK’s overall economy, avoiding this is of paramount importance.

“However, with an ageing workforce meaning hundreds of thousands of engineering roles will need replacing, companies must do their utmost to encourage young people to become engineers and skilled technicians. This can be achieved in a number of ways, whether it’s going into schools to conduct early outreach, developing a relevant EVP, or introducing flexible working.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors, Small Businesses and the Self-Employed Choose Dolan Accountancy

With over 30 years’ experience, Dolan Accountancy are award-winning nationwide accountants for contractors, small businesses and the self-employed. We have the specialist skills, reputation, and credibility you can trust.

Our all-inclusive packages cover everything you need, with no hidden costs.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require.
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We are partnered with multiple banking providers, several of which provide free business banking for the first 12 months.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax, unlimited IR35 status reviews and Dividend advice, to name just a few.
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