Jul 10, 2017

The full article, with pie charts and a list of the top 150 businesses in Devon and Cornwall can be found HERE. Be prepared for plenty of pop-ups, however, to obstruct your ability to read the article!

The list of Top 150 companies was revealed at the launch of the Western Morning News Annual Business Guide 2017 this week.

Sponsored by the University of Exeter, data compiled by KPMG and with associate sponsors Devon Colleges Group and Pavey Group, the Annual Business Guide acts as a barometer for every sector and geographical area right across the region.

Ian Brokenshire, senior partner at KPMG Plymouth compiled the list.

It is based on accounts filed to Companies House by May 19, includes companies headquartered in Devon and Cornwall and is ranked by the number of employees.

90% of named businesses are non-movers suggested a level of stability among the major employees in the two counties.

The sector dominating is manufacturing and retail and is mostly made up of entrepreneurial, family and privately owned companies.

He said: "It is a fascinating list and a great snapshot of the south west business trends."

The Range empire owned by Plymouth billionaire Chris Dawson has once again topped the Top 150 list of largest employers in Devon and Cornwall.

The discount retailer, with a turnover of £674million, is the biggest employer in the region with 7,910 workers.

And the empire is set to get even bigger with plans under way for more stores in the UK, a new HQ - to be named Elsie Margaret house after Dawson's mum - in Plymouth and the opening of the 1,200,000sq ft distribution mega shed near Avonmouth.

And as the retail mogul dismissed plans to float the business on the stock exchange, he has vowed: "I'm not going anywhere."

Also in the top five are Exeter-based Pennon Group PLC, Devonport Dockyard in Plymouth, Newcross Healthcare Solutions in Totnes and Princess Yachts in Plymouth.

Together, the Top150 have a total turnover of £10.7billion and employ 78, 017 people - 3,000 more than last year.

Predicting the years ahead, Mr Brokenshire said that there would be an increase in inward investment and changes brought with the development of technology, artificial intelligence and social media.

Prof. Mark Goodwin, deputy vice chancellor for Innovation and External Engagement at the University of Exeter, said the region has to improve innovation, investment and raise productivity.

"Productivity in the South West is still only around 81% of the UK average and if were to close that gap, it would mean £11,500 more a year for every household."

The university, which contributes £600million to the regional economy and works on 1,000 projects with businesses each year, has identified that marine, aerospace, energy and environmental data will become strong growth sectors in the near future.

Prof. Goodwin said: "The world is becoming more and more skilled, our businesses need
those skilled workers and the graduates are central to providing those skills."

But the challenges of Brexit brings uncertainty for EU research funding, the future of talented overseas staff and the ability to attract students to the university.

 He also called for the region to stand together on the #BackTheSouthWest campaign.

He said: "This is not about Devon versus Cornwall, this is about ensuring that whatever money is available in the UK comes to the South West rather than Manchester or the West Midlands, which have got themselves far better organised than the South West has.

"This is about us working together to drive economic growth that the whole region will benefit from."

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