Londonderry, better known as Derry, has had some economic troubles in recent years thanks to its reliance on the declining manufacturing industry in the region. However, modern emerging markets and new developments across the city mean it now offers good potential for business investment. Derry's inexpensive commercial properties and low salaries also make it an attractive business location.
Manufacturing remains one of the most important industries for the city, accounting for almost 9% of all jobs in the region in 2013. Other large employers include business support services, public administration, education and healthcare; the latter provided the most jobs in the city in 2013, at 8.643. The city was chosen as the 2013 UK City of Culture, boosting tourism by 61%, generating £38 million in revenue (an increase of 86%).
If you'd like to know how much potential Derry really offers, just take a look at the list below. We've used the data from our Londonderry B2B database to order local businesses based on their revenues, identifying the city's top performers across all sectors.
MoreAs you can see from the companies listed above, Derry offers good potential across a range of industries. IT has become increasingly important to the city, and it now plays host to a cluster of high-tech enterprises. The region also has a growing life sciences sector, aided by the leading research centres at the local universities.
A number of development projects across the area also mean big potential for businesses in various industries. The new Science Park at Fort George and Letterkenny aims to fuel R and D, and the Digital Hub offers world class facilities to encourage innovation. The Timber Quay development is also set to fuel business growth in the city, as will the improved road to Belfast.
