Plans unveiled to create thousands of new jobs
‘Today’s plan is an unequivocal and unapologetic statement of intent’ says council leader Tudor Evans
Last updated 10th Mar 2025
A ‘once in a lifetime’ plan to transform Plymouth’s economy has today been voted through – which aims to create 8,000 new jobs, 10,000 new homes and 1,000 new businesses.
The ambition, based on 55 projects, includes building on the city’s marine and creative sectors – whilst also embracing research and technology – as well as lifting 3,000 people out of poverty and addressing the 21 per cent average pay deficit for women in Plymouth.
Projects include establishing Devonport as a ‘creative cluster’ supporting floating offshore wind developments and growing the city’s night-time economy – as well making the city carbon net zero by 2030 and creating a 'maritime autonomous system centre'.
The now formally approved projects range in scale from the recently-established Growth Alliance Plymouth – a partnership between the council, Babcock and the Royal Navy, working with government departments to capitalise on the £4.4 billion investments in Devonport Dockyard.
Council Leader Tudor Evans said: “We all want to see the city’s economy grow, but in a way that makes our residents feel they are part of this success story, to feel proud and part of where they live, to see their families housed and their children get the skills they need to thrive and prosper here in Plymouth.
“The best economic strategy takes people out of poverty: we are doing this to raise living standards and improve lives. Plymouth has long been called a city of potential and over the past 10 years we have made huge strides to realise that potential.
“We have worked with Government and local partners to invest over £900m in economic development projects. have delivered a City Deal, secured the South West’s only Freeport, created the UK’s first National Marine Park and opened one of the UK’s most important cultural attractions, The Box.
“The job is far from done and we have even greater ambition for Plymouth and its citizens as we plan for the next 10 years of economic growth and prosperity.”
Richard Stevens, Chair of the Plymouth Growth Board added: “Plymouth has a strong history of delivering significant economic development and over 20 partners across the city have all signed up to make sure we continue to press for growth, regeneration and initiatives focused on improving residents’ lives.
"The strategy is a great reminder of the incredible work that goes on in every corner of our city and of the breadth of what Plymouth’s businesses offer the region and the country. This is about making sure we maximise every opportunity and do all we can to ensure they flourish.”