Somerset’s £9 billion economy boasts many significant companies and supply chain opportunities across a number of strong and growing sectors.
EDF will embark on Europe’s largest engineering project to build Hinkley Point C nuclear power station in Somerset, over the next decade, opening up hundreds of supplier contracts construction, decommissioning and nuclear expertise. With many nuclear projects in the pipeline across the UK and Europe, companies that relocate to the Heart of the South West are well-placed to remain and grow within the Somerset, Bristol and Gloucester nuclear industry cluster, and to export their products and services for future projects.
Many leading aerospace and advanced engineering companies are situated in Somerset, including AgustaWestland, Honeywell Aerospace UK, BAE International, Supercat and Thales, with many suppliers providing technical, engineering and logistical expertise. This strong, established industry cluster, closely linked to nearby Filton, offers a highly skilled and experienced workforce. Links to major Ministry of Defence sites such as Yeovilton and Abbey Wood add yet more commercial opportunities to locally-based companies.
Bridgwater Gateway is a 90-acre business park offering easy access to the motorway network and strong broadband links. The South West Innovation Centre will open in June 2015 to support the low carbon sector, particularly attracting businesses on the Hinkley Point C supply chain.
Sedgemoor Energy Park at Junction 23 of the M5 provides 150 ha of employment land to support the nuclear supply chain opportunity from Hinkley Point C.
Taunton’s Firepool, a 16-acre mixed use development, compliments the ‘Taunton Vision’ which includes high quality, sustainable regeneration comprising 124 acres of the town centre.
AgustaWestland, an international military and commercial aviation company has created the Yeovil civil aviation hub, offering opportunities for aerospace supply chain companies.