Aylesbury Vale’s current and potential sector strengths lie in the following sectors.
- Advanced engineering and automotive industry
With Silverstone situated in the north west of the county, Buckinghamshire forms part of the UK’s highly successful motorsports cluster, “Motorsport Valley”, an area based largely in southern and central England, where most specialist motorsport firms have their research, design, engineering and production facilities. This cluster of motorsport teams, engineering, support services and associated supply chains has been dominant in world motorsport for many years.
The automotive industry Aylesbury Vale has been instrumental in supporting the development of a masterplan for the future skills and employment development of the Silverstone, as well as to the enhancement of the facilities at the historic racing circuit. In addition, there are a small number of specialised aviation and defence companies in the county and Buckinghamshire continues to have a manufacturing sector in diverse sectors and each has future value within the sectors that they serve, rather than manufacturing per se.
- Food and Drink
There are several major food technology, processing, packaging and distribution companies in Buckinghamshire, as well as a more dispersed economy of smaller businesses and supply networks.
- ICT and creative and cultural industries
As the ICT sector has grown, it has become integral into many aspects of business
activity and within the creative sector. In Buckinghamshire there is a noticeable ICT/
software company presence, as well as ICT-based creative industries, and media
companies which are increasingly ICT related. The county also has a group of
traditional and professional creative industry companies and individuals, involved in
arts, crafts and architecture, as well as emerging entertainment business links.
- Healthcare industry
With the internationally-renowned National Spinal Injuries Unit (NSIU) at Stoke Mandeville, there is a growing business sector based around pharmaceuticals, sports science, assistive technology, product design, and related rehabilitation industries.
AVDC is working closely with the National Spinal Injuries Unit (NSIU) to identify business opportunities in pharmaceuticals, scientific treatment, assistive products and technologies and rehabilitation.
- Public sector As the market has slowed, the public sector has reassumed new
importance due to its purchasing power, existing assets, contracts, and as a
major employer, and for the regeneration projects proposed, bringing some
sustainability to local economies.
- Sporting tourism and visitor attractions Major sporting events at Silverstone,
plus the proposals for the new London Wasps stadium in Wycombe and the 2012 Olympics events at Dorney Lake will each attract major visitor numbers, and will create a number of supporting service jobs.
- Environmental services/management Buckinghamshire has an existing and
growing environmental business sector, focussing on environmental services and
management (e.g. waste management and water engineering, rather than purely
hi tech innovations), but this is lacking a strong sector anchor and visibility.
- Business skills and enterprise The National Enterprise Academy will
complement the strong entrepreneurial nature of the county’s population and
create a different business climate for career aspirations for younger people.