We have a strong local economy in the West of England worth £31 billion a year. There are around 43,000 businesses here; we are an incubator for a number of high value sectors, including advanced aerospace and engineering, digital and high tech, and low carbon; and we are great at nurturing entrepreneurs – we have the highest survival rate for SMEs in England.
We are committed to strengthening our local businesses, ensuring they have the support they need and the right conditions to flourish. We will get there through a combination of initiatives, including:
- Integrated and locally relevant inward investment and trade services, led by Invest in Bristol & Bath
- Support for developing the West of England Growth Hub
- More local control over alternative funding sources, such as the Apprenticeship Grant for Employers
The West of England Growth Hub is an online portal and resource designed to streamline business support for SMEs. It aims to create a community in which businesses can share their experiences as well as receive the support they need to manage business growth – from finance assistance, access to skills, manufacturing, innovation and research advice to expert support.