It was established by Edward Charles Healey, an entrepreneur and engineering enthusiast with financial interests in the railways whose friends included Robert Stephenson and Isambard Kingdom Brunel.
Together with the contemporary Engineering journal the work is considered a valuable historical resource for the study of British economic history.
[4][5] On 10 July 2012 the magazine announced its final print edition, the editor Jon Excell citing "increasing distribution and production costs, and the impact of an ongoing economic crisis on advertising revenues [which] have conspired to create a challenging environment for magazine publishers".
[6] The owner of The Engineer, Centaur Media proposed to focus the magazine’s editorial and commercial resources on growing the website, which had relaunched in 2009, and other digital products.
[7] As of 2019, The Engineer publishes 10 issues a year and has a presence on social media and the news aggregator Flipboard.