A move to Somerset isn’t just about a better quality of life. With scores of small business success stories, the prospect of strong financial returns and the opportunity to collaborate with world-class companies – relocating could make economic sense too.
Nuclear power has been a strong force in Somerset’s economy for two generations, and there are no plans to slow down. An estimated £18 billion investment in the new power plant at Hinkley Point C, near Bridgwater, is set to provide 5,000 jobs during its construction phase and 900 jobs over the 60-year operational phase. Our renewable energy sector is also expanding – there are already more than 100 businesses specialising in everything from anaerobic digesters to solar power.
Advanced engineering and the Aerospace industry are also strong players with world renowned companies located primarily in the Yeovil area able to draw on a large pool of skilled engineers to develop new products for export.
Somerset’s proximity to Bath and Bristol makes it attractive to the business services industry. Many of the 31,600 people who work in this sector relocated to Somerset from there or from London. Taunton in particular has seen a large growth in the business services sector over the past 10 years or so.
Somerset’s landscape has been inspiring writers for centuries, so it comes as no surprise that the creative sector has been Somerset’s fastest growing. In fact, our small businesses contribute a combined £314 million to the economy. But it’s not just creative folk making the most of their surroundings; there are more farmers and food producers here than anywhere else in the UK, supporting a food and drink industry worth more than £500 million.
Integral to Somerset’s success is the ability to distribute goods to the rest of the UK and beyond. We have fantastic airports, rail and road links, with the M5 linking us to the north and the A303 to London. So whether you’re looking to distribute locally or to an international market; in Somerset, you’re well connected.
Somerset, along with Devon, Plymouth & Torbay, is part of the 'Heart of the South West' Local Enterprise Partnership. We work in collaboration to ensure that potential investors can get the best offer across the LEP area. We are particularly working together to provide support around key sectors:
- Aerospace & Advanced Engineering
- Nuclear Energy
Companies choose to relocate here to become part of established advanced engineering, manufacturing and technology industry clusters, powered by innovative research and design linked to world-leading colleges and universities. For more information about the offer and options check out the linked website at Invest in the Heart of the South West.