Worcestershire LEP Chair, Mark Stansfeld: 22 January

First published in Worcester News 22.01.2021

This week I would like to celebrate some positive news around our international investment work that took place last Wednesday (13th January).

The Worcestershire Local Enterprise Partnership team were able to virtual host Sir John Peace and representatives from the Midlands Engine along with Kelly M. Schulz, Maryland Secretary of Commerce and colleagues from the Maryland Department of Commerce to sign an extension to the Memorandum of Understanding (MOU) between the two countries.

The MOU has now been extended by three years to continue this prosperous relationship between the two regions.

I am extremely proud that Worcestershire was able to play such a role in facilitating this extension signing as we’ve had an incredible relationship with Maryland in the last few years, which has seen numerous trade missions between the two countries.

The initial MOU was signed back in 2017 and was designed to promote economic development, assist cybersecurity companies in the two countries and draw investments into each region.

Through these international missions’ cybersecurity & IT businesses from both countries have been able to build and expand their networks, forming important businesses connections which have further enabled their businesses to grow.

I am also very pleased to say that the working relationship has expanded into other sectors such as healthcare, life science and advanced manufacturing.

Going forward from this signing, the Worcestershire Local Enterprise Partnership, will lead the work on behalf of the Midlands Engine and have a programme of joint activity based on virtual trade exhibitions and networking events. These will be supported by the Department for International Trade to help as many organisations as possible benefit from this relationship.

To find out more about our international investment work and the rest of our delivery work, please visit our website.