The Fastest Growing Industries in the UK for 2024

The UK economy is undergoing significant transformation, with certain industries experiencing remarkable growth. From green energy initiatives to cutting-edge technologies, businesses in these sectors are poised for rapid expansion. For job seekers, recruiters, and investors, understanding which industries are on the rise is key to staying ahead of the curve.

Let’s dive into the fastest-growing industries in the UK for 2024, uncovering why they’re booming and what this means for the future of employment.

1. Lithium Battery Manufacturing

Revenue Growth (2024-2025): 56.0%

With the global push towards electric vehicles (EVs) and renewable energy, lithium battery manufacturing is experiencing an unprecedented surge. The UK government’s focus on decarbonisation has led to significant investment in research and development, boosting the industry’s capacity to meet growing demand from sectors like defence, medical, and automotive.

The sustained weakness of the pound has also made UK-manufactured batteries more attractive to international markets, particularly for high-quality, low-volume production. Over the next few years, this sector will continue to grow as businesses look to position themselves in the green economy. Syntech Recruitment Ltd are proud of the work we do in this market.

?? What this means for talent: Skilled engineers, R&D specialists, and production workers will be in high demand as lithium battery production scales up across the UK.

2. Electricity & Telecommunications Infrastructure Construction

Revenue Growth (2024-2025): 54.0%

The ongoing expansion of the UK’s electricity and telecommunications infrastructure is crucial to the nation’s decarbonisation efforts. Public sector investment has been a major driver, with significant funds allocated towards expanding renewable energy sources and upgrading telecommunications networks to meet growing demand.

Whether it’s building new power plants, upgrading the grid, or enhancing broadband access, contractors in this space are thriving. Over the next five years, the sector is expected to grow steadily, creating job opportunities in construction, engineering, and project management.

? What this means for talent: Opportunities for civil engineers, project managers, and renewable energy experts will be abundant as the UK’s energy and telecommunications infrastructure modernises. 20% of Syntech Talent Solutions and Syntech Recruitment Ltd new vacancies are within this sector.

3. Waste Management Services

Revenue Growth (2024-2025): 45.7%

Sustainability is more than a buzzword—it’s a necessity. The waste management industry is playing a pivotal role in ensuring that construction and industrial sites meet environmental regulations. Services like decontamination, soil remediation, and pollution control are in high demand as the government steps up its efforts to address environmental concerns.

With increased public awareness around sustainability, this sector is set for strong growth, driven by both regulatory requirements and consumer expectations. Waste management companies are evolving to handle the complexities of modern environmental challenges, positioning themselves as key players in the UK’s green future. We are working on more and more "hands on" roles such as fabricators, welders, fitters, service engineering vacancies in this sector. Syntech Recruitment Ltd are experts in supplying engineers in this space.

?? What this means for talent: Environmental consultants, sustainability experts, and project managers specialising in waste management will find growing opportunities in this expanding sector.

4. Corporate Travel Services

Revenue Growth (2024-2025): 34.5%

Corporate travel took a significant hit during the pandemic, but it’s making a strong comeback. As businesses return to face-to-face meetings and international travel becomes more accessible, corporate travel agencies are seeing a resurgence. However, rising travel costs and the impact of economic instability, such as Brexit, are affecting the way companies approach business trips.

Despite the challenges, companies are willing to invest in corporate travel services as they aim to strengthen global ties and regain lost momentum. However, the industry remains sensitive to external shocks, making agility a key factor in its growth.

?? What this means for talent: Opportunities in corporate travel coordination, logistics management, and client services are set to rise as businesses restart international operations.

5. Financial Technology (FinTech)

Revenue Growth (2024-2025): 32.3%

The UK’s FinTech sector is one of the most dynamic in the world, with innovations in peer-to-peer lending, money transfer, and digital banking driving its growth. Government support and private funding have helped the industry thrive, even in volatile economic conditions.

As the UK positions itself as a global FinTech leader, new start-ups and established players alike are pushing the boundaries of what financial technology can achieve. This sector is expected to continue its rapid expansion in the coming years, making it a key area for investment and employment.

?? What this means for talent: Developers, data scientists, and finance professionals with expertise in blockchain, AI, and payment systems will be highly sought after as FinTech continues to evolve. Syntech Talent Solutions have some amazing opportunities coming up in this arena! Now is the time to get in touch with the team if you require additional support.

6. Non-Alcoholic Beer Production

Revenue Growth (2024-2025): 23.2%

With rising health consciousness and a shift towards more sustainable consumption, non-alcoholic beer production is on the rise. The UK has seen a growing demand for alcohol-free beverages, driven by changes in consumer preferences and an increased focus on wellness. Popular craft beer brands are introducing non-alcoholic varieties, catering to a wider audience seeking healthier alternatives.

As the market for non-alcoholic beer expands, producers are capitalising on this trend by offering more innovative and diverse product lines.

?? What this means for talent: Brewers, marketing professionals, and product developers with a focus on health and sustainability will find ample opportunities in this thriving industry.

Final Thoughts

From green technologies to lifestyle shifts, the UK’s fastest-growing industries are driven by innovation, sustainability, and the need for resilience in an unpredictable economic landscape. As these sectors expand, they offer a wealth of opportunities for businesses, job seekers, and investors alike.

For recruitment professionals, staying ahead means understanding these industry trends and ensuring that you’re sourcing the right talent to meet growing demand. If your business is looking to break into any of these booming sectors, Syntech Recruitment Ltd & Syntech Talent Solutions can help you find the skilled professionals you need to succeed. The Fastest Growing Industries in the UK for 2024