Companies relocate to this area both from within the UK and overseas, often attracted by a growing economy, a strong entrepreneurial spirit and excellent R&D facilities and expertise, linked to world-leading colleges and universities.
Established, successful advanced engineering, manufacturing and hi-tech industry clusters.
A highly skilled, affordable labour supply.
Innovative R&D with world-leading colleges and universities.
Exceptional quality, competitive development sites, offices, innovation centres, and science and business parks in city, coastal and rural locations.
Within easy reach of London, the Midlands and countless international destinations by air, road, sea and rail.
An enticing mix of cities, rural and coastal areas ensure unbeatable quality of education, health, housing, culture, food and leisure.
The Heart of the South West Soft-Landing package offers a bespoke service for relocating and growing businesses.
The Heart of the South West has a large population of almost 1.7 million.
HotSW economy worth 2.5% of England total.
Per capita productivity average matching the national average.
- 79.6% of the working age population (aged 16-64) are economically active (78% UK average);
- 12.3% skilled trades occupations v. 10.4% UK average
- 5.8% process, plant, and machinery occupations (6.3% UK)
- 3.9% unemployment rate (4.6% UK average)
- 149,300 in professional occupations (18% of all jobs, v. 20.2% UK average)
- 99,700 managers, directors, and senior officials (12% of all jobs, v. 10.8% UK average)
- Higher % of skilled trades people than the UK as a whole – still applies
- Skills levels above the national average – not the case (34.7% of HotSW residents qualified to NVQ4+ v. 38% UK-wide; however, can stretch it to define as NVQ3+, with 57.7% of HotSW residents qualified at that level, v. 56.7% UK-wide); labour costs below average – still applies: £12.33 per hour v. UK £14 per hour workplace pay.