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Sector Profile: Food & Drink

 

Output (GVA)

The food and drink sector contributed £360m (GVA) to the Somerset economy in 2016. This represents 3.2% of the county’s total economic output, more than twice the national average of 1.5%. Most of this sector’s output is found in Sedgemoor (£127m), South Somerset (£120m) and Mendip (£92m), where it represented 6.1%, 2.9% and 4.4% of each district’s total output respectively.

Employment (FTE)

As with economic output, the food and drink sector contributes more by way of employment in Somerset than it does nationally. In 2016, it contributed just over 9,000 full-time equivalent (FTE) jobs, 4.0% of all jobs in the county, compared to a national average of 1.4%. Again, it is Sedgemoor (3,160 jobs), South Somerset (2,570 jobs) and Mendip (2,530) where the majority of employment in this sector can be found. In terms of the percentage of jobs per district attributed to this sector, Sedgemoor (7.5%) and Mendip (5.3%) have the highest concentrations.

Productivity (GVA/FTE)

Measured as GVA per FTE job, productivity in the food and drink sector stood at £39,820 in 2016, marginally higher than for the HotSW LEP area figure of £38,700, but some 34% lower than the national average £60,730.

Source: Economic Model for Somerset and the Heart of the South West (HotSW) LEP, 2018

£360m
Economic Output (GVA)
9,000
Jobs (FTE)
£39,820
Productivity (GVA/FTE)