The 2021 Build Back Better Plan sets out our priorities, taking forward components of the 2020 Local Industrial Strategy and incorporating the strategic regional response to the business impact of COVID-19. From the primary objectives for Clean and Inclusive growth this plan outlines transformational and enabling programmes which in collaboration with key partners and stakeholders will drive the shape of business in the South West for years to come.
Key transformational programmes include:
- Capitalising on the area’s nuclear and renewable energy potential and to become a green energy powerhouse and first net exporter of clean energy.
- Building the high-tech marine cluster focused on autonomous and digital systems, clean propulsion, and cyber-secure smart ports.
- Growing the photonics cluster, underpinning growth in digital and autonomous systems.
- Delivering a ‘Future of Flight Programme’ for sustainable aviation technologies and fuels.
- Tackling economic and societal challenges through analytics and digital innovation.
- Positioning the Heart of the South West as a health technology pioneer.
- Establishing a data-led, year-round, green and accessible visitor economy.
- Enabling these transformational programmes by:
- Developing and delivering a comprehensive skills strategy.
- Providing effective business support.
- Establishing a ‘technopole’ innovation ecosystem.
- Supporting left behind places and ensuring strategic connectivity.
Here is a quick snapshot of the key Devon demographics relevant to business activity.
As well as embracing the objectives for the 2021 Build Back Better Plan which sets out the targets for the next ten years, here are some local priorities that we are focussing on.
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.