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Why is Worcestershire an attractive place to invest?

27th July 2023

As a leading accounting and advisory firm across the Midlands and South West, Worcester continues to stand out as one of our strategic locations for growth. We proudly present the compelling reasons why the Worcestershire County is an attractive place to invest.

Worcester City

Central location and exceptional transport links

Worcestershire's strategic position between the Midlands and South West provides unparalleled connectivity. Its proximity to major cities and transport infrastructure ensure easy access to regional and national markets.

Robust economic growth

Despite the current inflation challenges facing the UK, including rising interest rates and high energy costs, Worcestershire still maintains a good economic trajectory. Over the past decade, the county has witnessed impressive growth, welcoming nearly 5,000 new company formations in 2022 alone.

Educated workforce

Worcestershire takes pride in an educated workforce that offers valuable resource for businesses investing in the region. We recognise the skill shortages across the country, and at Bishop Fleming, we are committed to nurturing local talent by accepting record numbers of apprentices at graduate and school leaver levels from the region. We believe businesses who ‘grow their own’ are far more likely to weather the changes in the labour market vs. those who continue to simply dip into the existing labour pool as required.

Diverse and high-growth industries

Worcestershire is already known for having established sectors such as professional services, construction and health, and this is now being complemented by several fast-growing sectors in advanced engineering, agritech, and cyber security. These sectors have all helped to deliver over £2bn of growth in Gross Value Added (GVA) in the last 10 years, despite the impact of the pandemic.

Supportive Business Community

Worcestershire's business community offers a wealth of support and resources. As proud patrons of the thriving Chamber of Commerce and active participants in the Local Enterprise Partnership, we have experienced firsthand these benefits available to businesses. From funding opportunities and growth strategies to networking events and advice on incentives and grants, Worcestershire offers a supportive environment for business growth.

At Bishop Fleming, we believe Worcestershire embodies the ideal destination for investors, businesses, and entrepreneurs. Our in-depth knowledge of the local market, and our expertise in accounting, advisory, audit and tax services, positions us as an employer of choice and a trusted partner in navigating the financial landscape of Worcestershire.

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