Growing Economy
Plymouth is an aspirational city with an ambitious plan for growth, and is the most significant urban area on the South West peninsula.
The city offers abundant opportunities for investors, residents and visitors. Plymouth is home to three universities, one of the largest naval bases in Western Europe, and the South West’s only Freeport. The Plymouth Plan provides a single shared vision for the development of the city’s economy, making it competitive, diversified, balanced and well-connected. You can find out more about the attributes that make Plymouth a prime place to invest, live and work.
268,000
people in Plymouth
£5.44bn
economic output
6,000
businesses in the city
Shaped by its naval heritage, Plymouth excels in marine science and manufacturing. The city has been recognised as an area of High Potential Opportunity by the Department for Business and Trade for its activities in marine autonomy. Plymouth also boasts one of the highest concentrations of advanced manufacturing and engineering companies on the south coast of England, and has significant strengths in the creative, digital and health sectors.
Plymouth has a unique set of competitive advantages that will enable its transition to a more competitive and thriving knowledge-based economy. Its high-quality educational infrastructure with a substantial pool of young talent, continues to grow and support economic growth agendas.
