Investment
Cumbria is a great place to invest and do business
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Home to international brands like BAE Systems, Pirelli & McVities
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A vibrant, diverse SME base
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House prices 60% of the UK average
A county with a rich history and an exciting future
The county of Cumbria is one of the fastest areas for economic growth in the UK. It is also making an increasingly important contribution to national prosperity, security and wellbeing.
The county is responsible for nationally significant economic assets across our energy, nuclear and defence industries, with new investment of £25 billion planned in the next decade to deliver major projects.
The CLEP is driving forward the county's growth strategy with the aim of boosting its economy by £1.3 billion by 2024. We have a high-performing economy with ambition to grow and bring greater prosperity, security and wellbeing to those who live and work here.
Advanced Manufacturing Excellence
The county boasts a strong manufacturing and advanced engineering workforce, notably for the nuclear, low carbon and renewable technology, and defence industries:
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Over 20,000 jobs in manufacturing
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50% of nuclear workforce
Nuclear & Energy Expertise
The construction of Moorside Nuclear Power Station could provide 7% of our future electricity needs, whilst other activity includes:
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400 renewables sector businesses
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BAE Systems submarine programmes
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Sellafield's manangement of UK nuclear legacy.
Cumbria's Visitor Economy
Cumbria’s rugged landscapes, lofty fells and spectacular coastline gives the county an unrivalled tourism offer:
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Lake District National Park World Heritage status
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41 million visitors per year
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£2.4 billion tourism industry
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34,000 jobs.
Skills Development
Science-led employment and training opportunities are on the rise:
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11% of young workforce undertaking vocation led apprenticeships
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56,000 new job opportunities coming on stream
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A compelling opportunity for re-location of skilled workers
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34,000 jobs.
Quality of Life
Cumbria is widely recognised as one of the best places to achieve greater personal wellbeing:
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Highly salaried, rewarding careers
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Employment opportunities in manufacturing, engineering, construction and leisure and tourism
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Happier work and life balance
