Central to Taunton Deane BC's ambitions is economic growth and this has been set out in its corporate business plan. It is important not only to guarantee the future local economy of the borough but also address pockets of deprivation and meet the health and housing needs of an ageing population.

This ambition understands Taunton is the principal growth settlement for Somerset and that an economically vibrant Taunton will underpin a prosperous local and regional economy. Taunton is acknowledged as the ‘most significant growth hub' in Somerset and is anticipated to receive most of the area's growth in jobs and housing. The council's local plan anticipates 13,000 new homes and 9,500 jobs between 2011-2028.