We have a strong 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 regional 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 regionally 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
West of England Growth Hub
The West of England Growth Hub helps businesses in Bristol, Bath and North East Somerset, North Somerset and South Gloucestershire to start, innovate, grow and thrive. It does this by encouraging businesses to support and collaborate with each other. The Growth Hub website provides information on a wide variety of topics including start-up, employment, finance, sales, marketing, exporting and statutory regulations. For businesses looking for more specialist help and advice, the Growth Hub Supporters directory provides an easy way to access a wide range of professionals, government programmes, training events and courses.
In addition to this, the Growth Hub team offer up to 12 hours free support either over the phone or face-to-face. They can assess the needs and requirements of a business before signposting them to companies and organisations with the appropriate expertise to help them overcome any difficulties. Growth Hub services are free to all businesses in the West of England and the level of service is the same regardless of size, sector or location.
The Growth Hub is hosted by the West of England Combined Authority and Local Enterprise Partnership and is funded by the Department for Business, Energy and Industrial Strategy.