Compared to London, employment in Somerset is less expensive, as are the cost of rent, rates and suppliers. Life is cleaner, less stressful and more productive.
Neil Payne, Managing Director, Kwintessential
Business Services
Somerset’s business service sector has a total of 31,600 workers – up 37.3% for the five years to 2005.
This is the biggest growth in the whole of the service industries, resulting in a 76% rise in Gross Value Added to £1969million over the period.
Crucially, Somerset is attracting large numbers of high-value microbusinesses that make up the majority of the county’s thriving knowledge economy. The secret of success for our business services companies is that they offer top-quality services, rivalling big city firms.
Somerset offers exciting business and lifestyle opportunities for mobile, knowledge-based professionals, for example, those involved with accountancy, law, and a range of technical professions. Many are 25-44 year olds who have the freedom to choose exactly where they want to work and live with their families.
The county’s future lies in the growth and expansion of the knowledge economy, according to the Knowledge Economy Audit. In a knowledge economy, competition is based on those assets that are difficult to copy – especially the knowledge, skills and creativity of individuals.
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