The announcement of a major new investment in the Gravity smart campus in Somerset has been heralded as a key opportunity for the region.
The Government has unveiled a portfolio of investment zones in the Growth Plan 2022, naming Gravity’s strategic 616-acre site, close to junction 23 of the M5 near Bridgwater, south of Bristol, as a destination for economic growth in the UK.
And today, South West Business Council has been giving its reaction to the news, and what it means for the wider South West economy.
Gravity is a smart campus in Somerset set to create between 4,000 and 7,500 jobs, with a focus on low carbon, innovation and clean growth businesses. Part of an Enterprise Zone, with on-site rail and freight terminals, the project is being delivered by Salamanca Group.
Paul Coles, CEO of SWBC, said: “This is a significant step for what is a groundbreaking project. Gravity has the potential to become a fundamental part of the South West’s low carbon future, driving innovation, sustainable growth and opportunity for the whole region. We have been liaising with the team at Gravity for some time, and will continue to work closely with them to help support the delivery of what is a hugely exciting opportunity not just for the South West, but for the whole of the UK”
With members across the region, South West Business Council helps deliver sustainable economic prosperity to the region through insight, innovation and impact. From brokering high-level connections between the private, public, and third sectors, to lobbying on regional business issues, SWBC works to ensure that the best decisions are made to deliver sustainable economic prosperity for the South West; an economy of over £30 billion.
https://www.southwestbusinesscouncil.co.uk/ for more information.