Plymouth is one of the largest cities on the south coast and the 15th largest city in England, with an economic output of £5.2 billion, providing 108,000 jobs. Plymouth is the most significant economic centre in the southwest peninsula and the largest urban area in the Heart of the South West (HotSW) Local Enterprise Partnership (LEP), making it a key location for growth.
Plymouth is the location for Western Europe’s largest naval base, a thriving commercial and ferry port, a significant fishing industry, and one of the most significant global concentrations of marine research and production. The city is recognised for its strengths in the marine industries, advanced manufacturing and the defence sectors.
More facts and figures can be found in the Plymouth Report. Plymouth’s plans for delivering growth and providing employment are contained within the Plymouth Plan.
created 375 jobs through council initiatives
created 3,873 jobs through schemes they’ve supported
started 3,770 new apprenticeships, which was up by 5.9 per cent on last year
organised events that 380,000 people enjoyed
secured £69.9 million extra funding for Plymouth projects
Nomis is run by the University of Durham on behalf of the Office for National Statistics. Nomis houses an extensive range of government statistical information on the UK labour market including employment, unemployment, earnings and annual population survey.
Marine manufacturing brings in £408.6m in Gross Value Added (GVA) to Plymouth 7,100 jobs in marine manufacturing accounts for 21 per cent of the UK’s marine manufacturing capacity
The fishing industry brings in over £12m in Gross Value Added (GVA) to Plymouth 13.2 per cent of England’s total fish catch each year puts Plymouth in the top 3 fishing ports in England
This is larger than the entire Solent LEP area, which accounts for 8.4 per cent. Productivity levels (GVA per head) for this sector stand at £55,959 (21.6 per cent above the Plymouth average of £46,023). This represents £380.3m or 8 per cent of the total Plymouth GVA and is forecast to grow by 1.9 per cent p.a. on average to £530m in 2030.
Furthermore at least 7,100 FTE roles within Plymouth can be attributed to marine manufacturing, this represents over 21 per cent of the UK’s marine manufacturing capacity. In 2014, this brought over £430m in GVA to the Plymouth economy, accounting for just under 10 per cent of Plymouth’s entire economic output.
Get in touch
We’re always on the lookout for potential investment opportunities in good ideas. If you think you have a great idea that will improve the city or your community email DATAPlymouth@plymouth.gov.uk
DATA Play 9 kicked off to a great start, once again helped by the great venue provided by the STEM Hub at City College. There was a great buzz in the room and it was great to see lots of new faces getting to know each other and discussing ideas.