Sheltered on the UK south Devon coast in a beautiful natural bay, Torbay is just under 20 miles from Plymouth in the south and Exeter to the north, and approximately 165 miles from London.
Both Exeter and Bristol have international airports, enabling businesses in Torbay to connect to the UK major cities and key European and International hubs with ease. The region is well served by comprehensive road links via the South Devon Highway to the M5 and beyond and via cross-country rail services to the South East, Midlands and the North with direct trains to London in 2hrs 40mins.
The Torbay area consists of three major towns – Torquay, Brixham and Paignton. Its particularly mild climate has earned the area the title of the ‘English Riviera’ making it hugely popular with national and international visitors, with numbers continuing to increase to visit high quality attractions and to sample a renowned innovative cultural offer.
Torbay has seen considerable investment across photonics, life science, manufacturing and tourism and leisure sectors by both UK and foreign owned companies, with more planned investment in the pipeline. More recent re-investments in our Photonics sector by II-VI Lasers, Oclaro Inc. and EFFECT Photonics demonstrate a firm commitment to our growing cluster.
These investments are further complemented by our dedicated Electronics & Photonics Innovation Centre (EPIC) and £8m project currently under construction and operational in May 2019, creating new space for existing and new investing companies. Add to this the South Devon College Hi-Tech & Digital Skills Centre operational in September 2019 creating the future workforce required by our hi-tech companies.
Life sciences, medical and healthcare expertise is abundant across Torbay and includes World leading facilities such as the Brixham Marine Laboratory the Horizon Centre at Torbay Hospital, specialist NHS manufacturer Torbay Pharmaceuticals and Scymaris who provide ecotoxicology, environmental fate, plant metabolism and analytical chemistry services to the global agrochemical, pharmaceutical and chemical industries
The Torbay hotels sector continues to attract record levels of investment. The Fragrance Group of Singapore have invested over £100m in the purchase of The Palace, The Park & Lighthouse, and Corbyn Head Hotels. The South African Fairtree Group paid £12.5 for the Duchy Hotels Group and the Imperial Hotel in Torquay sold to the Brownsword Hotel Group for £12.5m. Adding to this, new development schemes commencing later this year for existing and new hotel investors.
Manufacturing exporting business such as Japanese owned Graphic Controls are attracted to Torbay. These businesses are attracted by investment opportunities, strong links with R&D at Exeter and Plymouth Universities, high-calibre employees of degree level or above and new development schemes providing fit for purpose space to support business growth.
As part of the Town Centres regeneration programme, Torbay Council is looking to directly deliver five projects as part of an estimated £130m of projects in the programme’s first phase which aims to further boost investor and developer confidence.
Now is the time to invest in Torbay!