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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
(2.5% of Plymouth GVA)
31% above city average,
82.6% of GB average
High growth of 52% between 2009-18
Opportunities/Challenges to address
Businesses often young and lean with limited resources but looking to grow sales pipeline
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
Covid-19 pandemic has forced businesses to quickly pivot to digital delivery
Opportunity to support innovation in traditional sectors in Plymouth
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
Engaged with the Sector via networks to unlock and understand their need