ONE OF THE MOST COST COMPETITIVE LOCATIONS IN THE SOUTH OF ENGLAND, INVESTMENT CONDITIONS IN SWINDON ARE INCREDIBLY FAVOURABLE.
There are 7,000 people employed directly in Swindon (equivalent to 5.5% of Swindon’s labour force). This sector creates value worth £450 million every year (Gross Value Added) to Swindon’s economy and is growing at 4% year-on-year growth in value terms. Swindon has the 7th largest employment cluster of ‘manufacture of motor vehicles’ in the UK. With companies such as Honda, BMW, TS Tech and Dynamatic Technologies Ltd, Swindon is at the fore-front of advanced engineering. These companies are attracted to Swindon because of our industrial heritage, our accessible location on the M4 and the skills of our workforce.
This sector creates value worth £274 million every year (Gross Value Added) to Swindon’s economy and is growing at 4% year-on-year growth in value terms. If it grows in the way predicted, then it will mean growth of over 5,000 employees in Swindon between 2016 and 2036; taking total employment in the sector to 12,000 employees. Swindon is in the top third nationally in terms of employment in the digital economy, with companies such as: Excalibur IT, Cisco, INTEL, Swindon Silicon Systems, Nokia, Siemens, Plessey, Dialog Semiconductor, Allied Telesis and Appsbroker (affiliated with Google). “Fintech” (or financial technology) is a specific growth area which spans the digital and financial service sectors which are both strong in Swindon.
With companies such as Nationwide choosing to locate their UK headquarters here, and with significant representation from other corporates such as: Zurich and Handelsbanken as well as regional accountancy and legal practices such as Royds Withy King, Thrings, and Morris Owens; Swindon is a recognised player nationally. There are 16,000 jobs in this sector and it creates value worth £1 billion every year (Gross Value Added) to Swindon’s economy, growing at over 10% year-on-year growth in value terms. If this sector grows in the way predicted it will employee nearly 20,000 people by 2036.
Swindon has particular strength in the manufacture of pharmaceuticals, with over 1,000 high value jobs and in the wider area over 8,200 employees in the life science sector. Knowledge intensive businesses consider Swindon and ideal choice given its location in the centre of southern England, and the comparative cost advantages (amongst the lowest commercial property and residential prices in the south). We have the 8th largest employment cluster in the UK with companies such as Patheon, Catalent, Becton Dickinson and Biomet Pharma, to name a few.