The UK is the leading investment destination in Europe and South West England region plays an important role in helping the UK achieve the top place to do business. The South West of England is attractive investment destination for innovative, forward thinking businesses across different sectors. South West England is not only best place to work and live but also the hotspot for talent and innovation.
Businesses situated in South West England are high on productivity. South West England spends 10% more than national average on R&D thus making it a hub for innovation and technological advances. There are different credentials which make the South West England an outstanding investment destination in the UK.
Key Facts about South West region
South West region has largest concentration of aerospace industries. Around 700 companies are engaged in designed and manufacturing of parts and systems.
South West is also known as the EU center for semiconductor design. In order to encourage the silicon industry, South West Regional Development Agency has evolved a support structure to fuel the development of this sector.
It also has a strong marine industry engaged in boat building and repair services generating a turnover of 1.3 billion pounds. The region is home to the some of the fastest growing airports in the UK, Bristol, Exeter and Bournemouth. Around £951 million are reserved to improve travel lines in this region.
Key sectors for investors in South West England
Key regions for investing in South West England:
South West of England Regional Development Agency (RDA) has approved funds of 12 million pounds for variety of plans that will help increase region's business potential. The funds will be used to build a new regional infrastructure that is will be useful for businesses in future.
The South West RDA has dedicated its resources to increase productivity, improve infrastructure, develop the skilled labor required by industries in region and encourage enterprise.