Our Economy

Derbyshire has a strong and diverse economy, with many large international corporations supported by a thriving SME and entrepreneurial culture. There are numerous opportunities for businesses to survive and thrive in the county.

Advanced Manufacturing

Advanced manufacturing accounts for almost one fifth of all employment in Derbyshire. The largest manufacturing sectors in the county are metals and metal products and food and drink. Derby is a hub of activity for rail, aerospace and automotive industries with Rolls Royce and Bombardier

having large operations in the city. Federal Mogul, JCB, Futaba and Denby Pottery also have long term investments in Derbyshire. With these leading businesses come clusters of smaller businesses and opportunities to work within the supply chains.

Creative & Digital

The creative industries sector grew by 9% in 2014 – almost double the national average – and has increased as a proportion of the total UK gross value added (GVA) for four years running.

Approximately 12,500 people are employed in creative and digital industries cross Derbyshire, with the High Peak and Dales being a particular area of excellence.

Food & Drink

Food and drink manufacturing is one of Derbyshire’s largest sectors. Located in the heart of the country means that almost 80% of Great Britain can be reached within a four hour drive. This makes Derbyshire a location of choice for food and drink companies.

Internationally renowned companies including Buxton Water, Global Brands, Moy Park, Nestle, Swizzels Matlow and Thorntons all have major operations or headquarters in the county.

A flourishing tourism sector means that there are opportunities for food and beverage providers across the county, with a drive towards locally produced, high quality goods.

Logistics

Derbyshire’s location at the heart of the country, with excellent road and rail infrastructure along with high-quality employment has enabled logistics and distribution companies to thrive in the county. Great Bear, Alloga and The Co-operative have all made significant investments in distribution hubs along the M1 corridor.

Derbyshire is within one hour from five key international and freight airports. East Midlands Airport, located on the interchange between two key arterial routes, the A50 and M1 is the second largest freight hub in the UK. UPS, DHL, UPS, TNT and Royal Mail are all based at the airport, providing excellent opportunities for companies to trade internationally.

The East Midlands Gateway will bring the largest inland freight terminal to the area, opening further infrastructure links for the county.

Manchester airport is located only 13 miles from the Peak District.

Minerals & Aggregates

The presence of an abundant limestone resource in the Peak District means that there is a long history of quarrying and extraction activities in Derbyshire, There are 21 active quarry sites across the Peak & Dales contributing in excess of £2.1bn per year in GVA towards the national economy. This industry is a key employer in the area with Tarmac and Cemex having large operation in the county.

Textiles

Derbyshire has a long history of materials and textiles design. This heritage is proving invaluable today, as technology and new processes, partly fuelled by strengths in transport technologies, create the materials of the future. The East Midlands is home to 2,300 textile related companies employing 85,000 people – including at high quality textile companies like John Smedley and David Nieper which are based in Derbyshire.

Areas outside Greater Derby, including Long Eaton, are home to world-renowned upholstery and soft furnishing manufacturers. A number of Derbyshire companies supply techinical textiles and high performance composite products to the transport sector, and manufacturers of new technology.

R&D

Access to renowned universities, major cities and a fantastic quality of life encourages more and more research and development companies to locate in Derbyshire.

The government’s health and safety laboratory and Concept Life Sciences are just two businesses located in North West Derbyshire, both carrying out pioneering research. Their reasons for locating in Derbyshire are simple – they have easy access to good quality skills and employees enjoy an excellent environment in which to live and work.

Tourism

Derbyshire has over 40 million tourist visitors per year. The tourism industry annually contributes more than £2.15 billion to the local economy, and employs over 28,000 people.

Our county is synonymous with breath-taking natural beauty. The Peak District National Park and the National Forest attract millions of tourists each year, along with iconic assets including Chatsworth House.

The popular tourist wellbeing sector is an emerging market in Derbyshire, proving popular with investors. Peak Resort located in the Chesterfield and M1 corridor area is a flagship leisure, health, sport and education resort being developed in 300 acres of forest land in Derbyshire’s great outdoors. Buxton Crescent and Spa is also set to be a big draw for tourists looking to sample high end, luxury hotel accommodation. Set against a backdrop of Georgian splendour, this Grade I listed building is among the most architecturally significant in the country and is set to re-open as an 80-bedroom thermal spa hotel this year. Restoration of the Crescent will be the final piece in the regeneration of historic Buxton which has already seen the restoration of the Opera House, the Pavillion Gardens, the conversion of the Devonshire Royal Hospital to a campus for Derby University and substantial investment in the town’s historic parks.

The £50m redevelopment of the Grade I listed Buxton Crescent will create a five-star luxury spa hotel. The hotel, operated by Danubius, will create 140 jobs and boost the local economy by £4.5m. The development will change the landscape in Buxton, bringing future investment opportunities to the town and surrounding area.

 

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To find out more about the tourism in Derbyshire visit Marketing Peak District and Derbyshire

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