South West firms contribute positively & significantly to UK economy

The South West has received deserved accolades for its ever improving contribution to the UK economy. The Prime Minister has paid tribute to the Westcountry businesses powering the economy in the ‘Great South West’ and she championed the diversity, innovation and enterprise taking place across the region. In particular, the South West has recorded a strong increase in overseas investment during the last 12 months and there are now 100,000 more small businesses throughout the region than was the case in 2010. For the fuller picture please read the article below which appeared in the Western Morning News today.

Roger Mundy, Managing Director, Beardsley Theobalds, 16th November 2017

 

 

Theresa’s support for West business

Prime Minister Theresa May has paid tribute to the Westcountry businesses powering the economy of the Great South West.

Mrs May has championed the diversity, innovation and enterprise taking place across the region as we get ready to celebrate tonight’s Western Morning News Business Awards.

In a message for the awards, she said: “As the contribution of businesses, large and small, are celebrated during these awards, I want to thank firms for the positive part they play in helping us create an innovative, diverse economy – and wish you all a very enjoyable evening.”

The awards, sponsored by Pennon Group, are being held at St Mellion, Cornwall.

They are designed to celebrate the very best of businesses from the fishermen of The Isles of Scilly, luxury yacht makers in Plymouth to carers in East Devon.

The awards have become an important part of the #BackTheSouthWest campaign which aims to support the regional economy by highlighting regional achievements and campaigning for the right infrastructure to allow further growth. Mrs May said: “Earlier this year and last autumn, when I visited Cornwall and other parts of the South West, I was able to hear first-hand from local business leaders and community groups about the great work taking place here and discuss important issues such as connectivity and growth.

“I’ve been pleased to see since then the important role of this paper’s Back the South West campaign in highlighting the strengths of the local economy and the diverse skills of people here.”

Mrs May said the South West has recorded a strong increase in overseas investment in the past year.

The figures for 2016-17 show a 13 per cent rise in the number of projects supported by foreign investment and a 40 per cent rise in the number of new jobs created compared to the previous year.

She said: “There have been other promising signs of growth in the local economy in recent years. Between 2010 and 2017, the number of companies rose by more than 13 per cent in Cornwall and more than 10 per cent in Devon. And across the South West as a whole there are 100,000 more small businesses than in 2010.”

And she highlighted the variety of sectors that the region supports.

She said: “From the tech companies embracing cutting-edge software development and e-learning, to food and drink producers coming up with new ways to promote the area’s outstanding produce and culinary heritage, it’s clear to see that the South West has much to offer across a variety of sectors.

“And as the award’s wide-reaching category ranges show, it’s just as important to celebrate the achievements of micro businesses and family firms as those of larger enterprises flying the flag for British goods and services abroad.”