Defence and Security
The UK defence and security sectors continue to represent significant long-term growth opportunities for the UK economy, and the Marches is home to both high-profile defence-related businesses and world-renowned security services.
International companies are attracted by the UK's open market, competitive supply base and strong government support for research and development, with the UK the second largest defence exporter in the world. The Marches won Enterprise Zone status for its defence and security sector-focused bid to create a dynamic and vibrant zone in Herefordshire.
The global security market is currently worth approximately £120 billion and will reach £200 billion over the next ten years. The UK security sector supports 18,000 companies, employs 335,000 people and is expected to grow by 7.7 per cent by 2012.
The UK has one of the most diverse and technically-advanced security sectors in the world, with exceptional strengths in counter-terrorism, border control, transport security, forensics, plus chemical, biological, radiological and nuclear defence.
This sector is a key driver for the economy in the Marches, with more than 80 companies in Herefordshire alone related to defence and security. It is home to Ministry of Defence operational bases and private sector companies, including those involved in the supply chain, such as: