Marine
Marine businesses in the South West employ over 32,000 people in 2,700 companies, generating a turnover of over £1.3 billion per year.
The region is the major UK centre for production of all types of leisure craft and equipment. It is home to several prestige builders of luxury yachts and high performance power craft including Princess Yachts, Sunseeker and Pendennis. It also features a number of world class marinas at major centres along the north and south coasts.
On the commercial side, the region has a number of shipyards specialising in repairs and refitting of small to medium sized ships. Devonport Royal Dockyard at Plymouth is the largest naval base in Europe, and generates of lot of direct and indirect business activity. It is also home to Devonport Management Ltd which employs over 4,000 people and is a major supplier to the Royal Navy.
The sector is dominated by craft and related occupations.
Research * indicates that drivers for development include:
- Demand for pleasure craft
- Defence policy and spend
- Management of marine resources and the related environment
* The State of the Key Sectors Research, Arthur D Little, SW Regional Development Agency 2004
The sector is supported by Marine South West.
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