Driving Inward Investment / Overview

“We’re proud that Gloucestershire is home to GCHQ; one of the three UK Intelligence Agencies that forms a crucial part of the UK’s National Intelligence and Security machinery, providing intelligence, protecting information and keeping our society safe and successful in the Internet age”

Dr Diane Savory OBE, Chair of GFirst LEP

“Gloucester is an excellent location for our company as the city has a highly skilled workforce within the sectors in which we operate. The city’s dynamic approach to regeneration and business support is seeing it become a leading contender within the South West.”

Bob Holt, Chairman, Mears Group

Gloucestershire has world-class businesses, a history of global innovation and a great quality of life. With many leading national PLCs and diverse innovative and specialist businesses choosing to make their base here ranging from advanced manufacturing, financial services, pharmaceuticals, to highly specialised animation and digital media companies, Gloucestershire is well placed for attracting inward investment, new start-ups and business expansion.

Economy

Economy

• The total output of the economy in Gloucestershire is approximately £12.7 billion, representing 12% of the value of output in the South West.

• 14 million visitors bring £1 billion to the local economy in Gloucestershire.

• Gloucestershire is proud to be home to producers of global brands covering diverse sectors such as Ecclesiastical Insurance, Endsleigh Insurance, UCAS, GCHQ, SuperGroup Plc, Weird Fish, Ribena, Bottle Green, Olbas oil, Walls ice cream, Mira showers, Messier Bugatti-Dowty, Horizon Nuclear Power and Cheltenham Racecourse to name but a few.

Every year, over 5,000 start-up businesses are launched across Gloucestershire and our three year business survival rate is one of the best in England. 

• To enable businesses to achieve their true growth potential in the county, The Growth Hub is a single point of contact for over 26,000 businesses and new start-ups across the county for key business support services. 

• Partnership agreements are already in place with China to explore trading links and we’re encouraging more businesses in the county to export

Skilled Workforce

Skilled Workforce

• The county has one of the highest rates of employment in the South-West at 76.4%, against the national average of 71.3% in England.

• Gloucestershire has the highest proportion of employees in export intensive sectors of all LEPs alongside London

Gloucestershire has the highest proportion of employees in export intensive sectors
of all LEPs alongside London

• A major priority in our Strategic Economic Plan for driving economic growth in Gloucestershire is skills development, particularly to plug the gap in Science Technology, Engineering and Mathematics (STEM) subjects where there is scarcity both at a county and national level. Opening in 2015, the Gloucestershire centre of excellence in Renewable Energy, Engineering & Nuclear skills (GREEN), will be a world-class centre of excellence for STEM training, providing workforce development training and apprenticeship opportunities based at the decommissioned Berkeley power station site.

 

Infrastructure

Tourism

• Gloucestershire is already served by excellent rail, road transportation links with easy access to the motorway networks and major routes, and is a gateway to the urban hubs of Bristol, Birmingham, Cardiff and London.

• Gloucestershire Airport is recognised as one of the UK’s premier business aviation airports, with Bristol and Birmingham international airports being only an hour away.

• To further accelerate economic growth in Gloucestershire, The Growth Zone will further develop the availability of employment land along the M5 corridor in order to attract and retain high value-added businesses by providing valuable space and the necessary transport infrastructure for business expansion.  

• Major regeneration schemes worth £220m are taking place throughout the county, with many more commercial property and transport investments planned to fuel further economic growth.

• Gloucestershire leads the way with plans to rollout high-speed broadband to reach 90% coverage across the county by 2015.