Doing business in our area

Businesses thrive in the Heart of the South West with its excellent value, quality development sites and premises with a highly skilled workforce with a lower than the national average salary, business support and advice from the Growth Hub and strong private, public, education and third sector partnership; driving the economy forward.

Local, national and international investors recognise that this is a destination of choice for economic prosperity, in part due to the LEP’s success in attracting government investment to improve connectivity, infrastructure and skills.

Invest in our area

The Heart of the South West has a diverse economy of over 78,000 businesses within strong and growing clusters, particularly in precision engineering and advanced manufacturing, including in the aerospace, nuclear, marine and agri-tech sectors. The area boasts a number of Primes and a vast array of SMEs and entrepreneurs, which make up a strong supply chain.

There is an unprecedented opportunity to build on these sector strengths, as well as in emerging markets in health and care, data analytics and rural productivity. Relocating and growing companies are supported by a team of local and national experts and unique on-going inward investment support.

To learn more about investing in our area   click here

The Growth Hub

The Heart of the South West Growth Hub is available for all businesses, whatever size or sector. The Growth Hub is a single point of contact – completely free at the point of access – for all businesses seeking advice and support on any issues relating to the operations and aspirations of their business; signposting to international, national or local resources.

Enquiries can be about anything that a business may want to ask; whether they are looking for information on new funding opportunities from grants or loans, where to go for tax advice or help with their expansion plans, innovation or export.

To visit the Growth Hub for Business Support  Click here

Partnerships

The LEP is a strong partnership of private, public, education and third sectors across a large geographich area made up of 19 Local Authorities. We recognise the greater strength in working together; to help businesses become more profitable and the area more prosperous. Therefore partnership is crucial to all aspects of how we work. The LEP is led by a Board of non-executive directors drawn from all sectors and supported by the three Leadership Groups: People, Place and Business, which are made up of businesses, experts in key sectors and local authority economic development leads.

The Heart of the South Wes is home to a diverse range of businesses & social enterprises, as well as having a variety of business groups and other important stakeholders and funders who we engage with through our leadership groups, events, meetings and surveys.

To learn more about working in partnership  Click here

Area Facts and figures

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