The UK-based defence company plans on investing £1bn to the South West’s economy to help sustain over 19,000 jobs and 300 companies through a local supply chain.
Collaborating for Economic Growth
Babcock is providing dedicated specialist resource to the City Council in support of the City’s Economic Strategy.
The collaboration builds on the recent announcement of Growth Alliance Plymouth, a partnership between the City Council, Babcock, and the Royal Navy to support future growth in the city – launched in December 2024.
Educational and Employment Initiatives
Babcock’s plans for the region include the Babcock Skills Academy, launched last year in partnership with City College Plymouth and Plymouth University.
Babcock employs over 7,000 people in Plymouth for critical defence programmes such as submarine maintenance.
Babcock’s Commitment to Plymouth
Babcock CEO, David Lockwood said: “We are an intrinsic part of the fabric of Plymouth, creating jobs and delivering programmes that defend our nation and support our international allies. The economic, educational and cultural health of the region is hugely important to Babcock, and we are pleased to continue to play our part.”
Plymouth City Council Leader Tudor Evans said: “The naval base and dockyard have been part of Plymouth’s economic lifeblood for centuries, and this is still as much the case as it ever has been with Babcock’s ambitious growth plans for Devonport.
“It is imperative that we work as one in Plymouth and with the Government to get the right infrastructure in place to support growth on this scale in the city and ensure the city’s economy and residents’ benefit.
“We are very pleased that Babcock is committing these additional resources and support.”
