Torbay, comprising Torquay, Paignton and Brixham, is home to a growing cluster of advanced engineering, electronics and photonics companies including Spirent Communications plc, Gooch & Housego, Oclaro, Syntech Technologies and Sub10 Systems.
The specialist R&D facilities, skills and expertise in medical, healthcare, fibre optics, optoelectronics, consumer & industrial lasers, radio frequency & wireless systems for satellite navigation positioning, position Torbay and the surrounding area as a hub for hi-tech, knowledge-intensive companies.
Marine industries also play an important part in Torbay’s economy, with specialist skills around building and maintaining fishing and leisure craft. The historic Brixham Fish Market provides the largest catch in England by volume and value.
The Torbay Growth fund is available to advanced manufacturing & engineering businesses locating to, and creating employment in Torbay. Torbay also offers simplified planning procedures in key employment sites to attract new businesses. Parts of Torbay have Assisted Area status, so businesses are able to access higher levels of European funding, all making Torbay an extremely popular investment destination.