Somerset is just perfect for enterprising businesses

The Somerset economy is built around ambitious small businesses, with almost 85% of our companies (including home-workers) employing up to 10 staff. However, there are also a significant number of multinationals, global market-leaders and other major employers in Somerset, bringing balance and vibrancy to the county.

Multi-million pound projects to help new businesses thrive announced for Somerset

A multi-million pound investment by Somerset County Council that could bring up to a thousand jobs to Somerset has moved a significant step closer.

Approval has recently been given to build the Hinkley Innovation Centre at a site at Bridgwater Gateway by Sedgemoor District Council.

The Innovation Centre will provide 24,000 square feet of office space dedicated to the low-carbon energy sector. It will provide a space for businesses and specialist organisations to work together during the construction of Hinkley Point C and also provide a base to help rural businesses tap into other low-carbon energy projects across the UK.

In reaction to the news, Deputy Leader of Somerset County Council, Cllr David Hall, who sits on the Somerset 3D Board, said, “We want to capitalise on the building of the new Hinkley C reactor and the developing low carbon economy of the region. The creation of this ‘Business Hub’ will boost inward investment into Somerset, bringing jobs and prosperity for the people that live here.

The Innovation Centre has the potential to provide a hub for businesses, colleges, and specialist agencies like the Nuclear Advanced Manufacturing Research Centre and the Manufacturing Advisory Service.

Meanwhile, work on the Highbridge Enterprise Centre, a centre of excellence for new rural business start-ups in the county, is due to begin in early 2014 and is likely to be completed towards the end of the year. Thousands of square feet of industrial unit space, state-of-the-art offices and ‘incubation units’ will provide new rural businesses and entrepreneurs with the support they need to get their business ideas up and running. This is one of several new centres planned as part of the Heart of the South West LEP's rural focus.

Cllr David Hall, said, “This development will give the area an economic boost by providing new businesses with the help and support they need to get their businesses off the ground. We are promoting Somerset as an ideal place to conduct business and we are actively encouraging investment into Somerset where we have fantastic opportunities and a highly skilled work force.

“There is a real buzz around the county with the recent Hinkley C announcement, the ongoing implementation of superfast broadband and now this superb new facility; it’s a very exciting time for business in Somerset.”

Rupert Cox, CEO of Somerset 3D, summed up by saying, “Somerset offers relocating businesses the best of all worlds - exciting opportunities across all sectors with the development of the Hinkley Point C power station, which is currently one of the largest developments in Europe; the cost of doing business is better in Somerset, within a supportive and creative business community; and overall the quality of life here is excellent.”

(Picture: Hinkley Point C Artist's impression - excellent opportunities for relocating businesses.)

Cost effective business

Running a business in Somerset can be up to 30% more cost effective than being based in London or the South East due to lower commercial property and staffing costs, meaning you can run a leaner operation without having to compromise. To find out more, visit our case studies library and download our Commercial Property Rental Comparison Chart.

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