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DIGITAL
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A young, but accelerating sector which has seen high growth in recent years. TechNation recognises it as one of the fastest growing clusters in the country.
2,032 FTE jobs
(1.9% of city employment)
GVA output of
£129m
(2.5% of Plymouth GVA)
Productivity £64,680
31% above city average,
82.6% of GB average
High growth of 52% between 2009-18
Opportunities/Challenges to address
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Businesses often young and lean with limited resources but looking to grow sales pipeline
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Need for visible ecosystem such as co-working spaces, shared facilities to support talent pipeline, start-ups and growing businesses. Mapping the start-up landscape, funding & investment opportunities and support networks
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Covid-19 pandemic has forced businesses to quickly pivot to digital delivery
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Opportunity to support innovation in traditional sectors in Plymouth
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Local procurement and collaborations
Identified courses of action
Working through Resurgam Procurement Pillar Plymouth ensure digital companies registered on Plymouth Supplier Directory
Outcome: Increase local procurement ultimately to protect existing jobs and create more locally
Understand talent pipeline, map and promote co-working spaces and shared facilities
Outcome: Visible, supportive eco-system to support new start-ups and grow existing businesses ultimately protecting and growing jobs.
Facilitate cross sector innovation. Create and deliver specific cross sector workshops.
Outcome: Increase innovation in traditional sectors to remain competitive, protect jobs and encourage local procurement.
Promote and unlock funding opportunities. Connect with investment bodies/channels. Showcase Plymouth investment opportunities.
Outcome: Drive investment into Plymouth digital businesses to protect and grow high value jobs.
Link into new Beacon opportunities such as National Marine Park, 5G SmartSound etc.
Outcome: Grow local procurement and innovation input.
Successes/Results to date
SECTOR STUDY
Engaged with the Sector via networks to unlock and understand their need