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Worcestershire’s fastest growing companies have expanded their workforce by more than 10% per year over the past three years, according to a new survey.

Accountancy and business advisory firm BDO’s latest Worcestershire Growth Report has revealed that the region’s top 50 fastest-growing firms with turnover of over £10 million, now employ more than 15,000 people between them and have expanded their workforces by more than 30% in the last three years.

The findings come as overall revenues in the top 50 have grown by 51% compared with three years ago.

Wychavon is Worcestershire’s business growth capital, which, according to BDO’s survey, in the last year accounted for more than £885m in turnover – nearly 25% of the total turnover produced by the top 50 growth companies.

The area is also home to two of the top three fastest-growing companies in the shire, Excool and Transcal Engineering, and half of the businesses in the top ten.

Manufacturing and retail are the two sectors driving the lion’s share of growth, with 62% of its top 50 fastest growing businesses falling into these two sectors.

Manufacturing companies in the top 50 made more than £1.8bn in the last year, compared to just over £1.1bn for retail businesses.

Real estate and construction appears to have maintained its third place presence in the region with seven companies in this year’s top 50 list making a combined £274m.