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Devon’s Economic Landscape

At over £25Billion, Devon’s economy is bigger than Britain’s second largest city, Manchester. Devon’s economy has a growth rate that exceeds the national average and is forecast to grow 15% by 2030.

An economy which has grown every year for the last five years with a growth rate that exceeds the national average. See ‘Growth Areas’ section for anticipated areas of growth over the next ten years.

Business Profile:

  • Significant companies in many sectors including digital technology, advanced engineering and manufacturing (incl. Aerospace), marine engineering and technology, professional services, creative industries and food & drink.  See ‘Invest in Devon’ for more on sectors.
  • The majority of Devon’s businesses are small to medium enterprises.
  • A strong and dynamic micro business community.
  • A booming tech sector – Exeter pinpointed in 2021 as the UK Tech Hub with the most growth potential by Tech Nation.
  • Financial Technology (Fintech) investment in Exeter is now on a par with Dublin, Helsinki, Milan and Tokyo.
  • There are approximately 58,000 businesses in Devon, with over 7,000 new businesses formed in 2020.

What are employers saying about Devon?

  • A thriving area filled with opportunity.
  • An incredible supportive business community to work with.
  • Easy access to the rest of the country including a great regional airport.
  • A place to be proud to have as a brand association.
  • The beautiful, natural environment.
  • A friendly and easy-going place to live.
Supported by Devon County Council