Over 1,000 jobs were created during 2014/5 in Worcestershire due to investment from overseas.
This is according to the latest figures released by UK Trade and Investment (UKTI) which showed 1062 jobs were created and another 30 safeguarded in the County due to foreign investment during 2014/5 against the previous year’s (2013/4) 177 jobs – an increase of 500%.
When considering population levels across the LEP areas and the number of jobs created per head, Worcestershire LEP has been ranked the third highest performing LEP in England, only exceeded by Coventry and Warwickshire LEP and Greater Birmingham and Solihull LEP (GBSLEP).
Worcestershire LEP and partner organisations are working to promote the County as a World Class place to work, invest and do business. This includes hosting high profile World Class Worcestershire events outside of the County for example, in London and Birmingham, bringing investors, businesses and developers to Worcestershire to see first-hand the many opportunities available as well as participating in numerous trade missions – the latest being a delegation from Hezhou, China hosted in the County in liaison with UK Trade and Investment (UKTI) on 30 June 2015.
Foreign Direct Investments in the last year involve a range of businesses across the County including a number in advanced manufacturing which is one of Worcestershire’s priority growth areas. Companies include: Amtek in Kidderminster, Rockline in Redditch and Vax Ltd in Droitwich as well as Alamo Manufacturing in Evesham to name a few that have chosen Worcestershire for their business base in the last year or expanded in the County during that time.
Gary Woodman, Executive Director of the Worcestershire Local Enterprise Partnership said: “The level of investment seen and the number of jobs created, are good news for the economy. We continue to work with public and private sector partner organisations to raise the profile of the county regionally, nationally and internationally to attract investment in Worcestershire from within the UK and abroad.
“We all have a role in continuing to raise the profile of the County and businesses can be involved by promoting their own successes as well as how Worcestershire is a world class place to work, invest and do business.”
For the full report for the UK visit the UKTI website.