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Guide Knowing East Devon summary

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4. Economy

The final section of the report focuses on the economy of East Devon and looks at economic performance, business and enterprise, labour market and skills and qualifications.

In 2015 7,050 VAT-registered businesses were listed in the district this is the highest number of businesses of all the Devon districts including Exeter. East Devon has a high number of micro and small businesses as well as high levels of self-employment.

The main types of employment are in the services industry which accounts for 84% of the employment in East Devon with a large section of this being in the retail, hospitality and health sectors, all of which are predominantly lower paid sectors.

The business survival rates within the district are very good. The 36-month business survival rate in East Devon is very high by national standards, with the district ranking in the top 10% of districts nationally.

The labour market in East Devon is good with low levels of unemployment and good qualification levels. The proportion of those aged 16 to 64 who are economically active (in work or actively seeking and able to work) is 81.9%, which is above the national average.

The proportion of 15-year-olds achieving five or more GCSEs at grades A* to G in East Devon in 2011 was 96.5% with the area ranking in the top 20% of districts nationally. The proportion of the working age resident population qualified to NVQ Level 4 in East Devon is high, with the area ranking in the top 20% of districts nationally.

When this content has been updated

Last updated 9 March 2017