Hereford is a small city, home to around 60,000 people. Its main industries include manufacturing, transport and distribution, education, health and social care, real estate and local government. Agriculture, fishing and forestry are also fairly dominant here, having a higher proportion of businesses in these sectors than the West Midlands region and England as a whole.
The wider area of Herefordshire has seen steady growth over recent years, with GVA growing to £3,880 million in 2015, an increase of 2% from the previous year. The region's GVA per head has risen by 24% over the last decade, to reach £20,640 in 2015. This increase was higher than that of the West Midlands region over the same period.
In order to give you a clear snapshot into the Hereford economy, we've put together a list of the city's top performing companies. These businesses represent the biggest earners in terms of annual revenue for the region - take a look at the results below.
MoreThere are a number of development projects underway and planned for the near future across Hereford and the wider area. These include the regeneration of the local football stadium and Berrington Street, the construction of Hereford Bypass, and several refurbishment projects in the city centre.
These developments will not only fuel local business, but also help to draw in more visitors. Tourism has become a very important money-generator for the Herefordshire region, with over five million people visiting the region every year. The visits bring in around £450 million annually, and support 7,000 jobs. These figures are likely to increase thanks to the recent Destination Plan set out by the Herefordshire Sustainable Food and Tourism Partnership.
