Investment by overseas companies created or safeguarded 14,566 jobs in the East of England over the last year, UK Trade & Investment announced today.
The inward investment figures were announced at the UK Trade & Investment Business Summit attended by over 100 of the leading overseas owned investors based in the UK.
Nationally, 1,619 foreign investment projects secured 94,346 jobs, a 20% increase from last year when 78,540 jobs were created. The new figures reveal that 32,000 of the jobs were created or safeguarded in the manufacturing sector. The leading investor country was the USA for the second year running, helping to secure 31,566 jobs .
In the East of England, 14,566 jobs were created or safeguarded by 92 projects such as DP World’s London Gateway port project in Thurrock, Essex; Nestor Pharmaceuticals - an Indian-owned manufacturer and exporter of prescription drugs, based in Mildenhall, Suffolk; and Novus Biologicals - a Colorado-based life sciences company who has established its new European distribution hub in Cambridge.
In addition, the region secured 11 research agreements set up between commercial organisations and universities or research institutions across the East of England.
Deborah Cadman, chief executive of the East of England Development Agency (EEDA) said: “These figures confirm that the East of England is a magnet for overseas investors and businesses alike.
“The East of England Inward Investment and Investor Development teams have worked hard to secure and retain foreign investment in our region through their expertise, international networks and detailed regional knowledge. This combined with other business support services in the region make the East of England an ideal location for global enterprises.
“In the past year we have witnessed the openings of several major facilities in the region: Eisai in Hertfordshire, Nestor in Suffolk, Palm Paper in Norfolk and more recently Partner Logistics in Cambridgeshire. At DP World in Essex, we will see another major project develop with an estimated 12,000 jobs created in the next few years. All these demonstrate the breadth and scope of the business community and the long-term nature of inward investment.
“The secret of our continued success includes our transport links to London and the rest of the globe, world-class universities, and the top R&D centre in Europe, which is supported by the largest venture capital funding base in the UK outside London. All these great attributes mean the East of England is rightly known as the UK’s most innovative region.”
Chief Executive of UK Trade & Investment Sir Andrew Cahn said: “Today’s results are a real vote of confidence in the East of England, but we must work harder to continue to attract inward investment in what is a very competitive global marketplace. Overall, inward investment fell by 10 per cent across Europe, but the UK remains the number one destination in Europe for FDI (foreign direct investment). UK Trade & Investment is committed to attracting high quality investment into the East of England, which is so important for the UK’s economic recovery.”
ENDS
Case Study
Company: DP World
Location: Thurrock, Essex
Country of Origin: UAE
Sector: Transportation/Logistics
Description: In January 2010, Dubai-based DP World, one of the world’s largest marine terminal operators, began laying the foundations of a new deep-sea container port in Thurrock, Essex.
The £1.5 billion ‘London Gateway’ project will be one of the most significant infrastructure developments in the UK for 20 years and will generate 12,000 direct new jobs. The 1,500-acre site, which will be one of Europe’s largest combined deep-sea port and logistics parks, will give excellent shipping access and transform the movement of freight around the UK, significantly reducing national road haulage.
Sultan Ahmed Bin Sulayem, Chairman of DP World, said: “When complete, the Essex port will provide the UK with modern, efficient infrastructure, while at the same time reducing CO2 emissions and supply chain costs.”
http://www.dpworld.com/
Case study:
Company: Nestor (UK) Ltd
Location: Suffolk, EoE
Country of Origin: India
Sector: Life Sciences
Description: In 2009, Nestor Pharmaceuticals, an Indian-owned manufacturer and exporter of prescription drugs, decided to expand its UK headquarters, based in Mildenhall, Suffolk.
With business thriving, the company has decided to increase the number of employees from 30 to 100 over the next three years.
Nestor director Kamelesh Patel says: “Our Mildenhall facility gives us access to local manufacturing expertise, flexible packaging solutions and excellent transport links.
Nestor is not only growing its product portfolio, but also increasing its customer base in the UK, Europe and West Africa, which allows us to put further investment into the facility.”
EEDA Invest and UKTI have assisted Nestor with information and relationship building in the UK and India since 2005.
http://www.nestorpharma.com/
Case study:
Company: Novus Biologicals
Location: Cambridge, EoE
Country of Origin: USA
Sector: Life Sciences
Description: In April 2009, Novus Biologicals, a Colorado-based company supplying over 70,000 antibodies and related research products to the scientific community, decided to establish its new European distribution hub in Cambridge.
CFO Todd Padgett said: “We looked at a lot of possible locations in Europe for this new office, but Cambridge was the equal or superior to all in terms of science base and provided better access to our customers.
“We have six partners in the Cambridge area alone and there are others within the biotech cluster that we have been keen to gain access to.
“We also like the cluster of science and research parks in the Cambridge area. These could provide the basis for further growth for Novus as we move forward.”
http://www.novusbio.com/
Further press information from:
Helen Rudd or Charles Arbuthnot
Project PR, Tel: 01473 326405 or 01473 326402
Email: helen.rudd@projectpr.biz or charles.arbuthnot@projectpr.biz
Notes to Editors
East of England Inward Investment is the delivery agent for Inward Investment and Investor Development for the East of England. We provide a single convenient point of contact for companies looking to locate, invest and grow their operations in the East of England – the UK’s most innovative region. We work with UK Trade & Investment and on behalf of the East of England Development Agency.
UK Trade & Investment (UKTI) is the Government department that helps UK-based companies succeed in the global economy. We also help overseas companies bring their high quality investment to the UK’s economy – acknowledged as Europe’s best place from which to succeed in global business. UKTI offers expertise and contacts through its extensive network of specialists in the UK, and in British embassies and other diplomatic offices around the world. We provide companies with the tools they require to be competitive on the world stage. For more information on UKTI, visit www.ukti.gov.uk or telephone +44 (0)20 7215 8000. For latest press releases, visit the online newsroom at www.ukti.gov.uk/media. You can also keep in touch with developments at UKTI through www.blog.ukti.gov.uk, www.twitter.com/ukti and www.flickr.com/photos/tags/ukti.
The UK Inward Investment 2009/10 Report refers to jobs figures provided by companies. These figures are based on company estimates.
East of England Development Agency (EEDA) is the driving force behind sustainable economic regeneration in the East of England: Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk and Suffolk. Its vision is to create a leading economy, founded on a world-class knowledge base, creativity and enterprise to improve the quality of life for all who live and work here.
For further information on the above organisations visit:
http://www.eedainvest.org.uk/
http://www.uktradeinvest.gov.uk/
http://www.eeda.org.uk/
15 July 2010
13 July 2010
UK’S LARGEST COLD STORE LOGISTICS FACILITY OPENS IN WISBECH, CAMBRIDGESHIRE
The UK’s largest frozen food logistics facility situated just outside Wisbech in the Fenlands, Cambridgeshire, was officially opened on Friday, 9th July. The warehouse was built and is operated by Dutch company Partner Logistics, one of Europe’s largest providers of specialised, highly automated warehousing.
The building, which has a floorplan size of 175m x 88m (1.5 times size of a football pitch) and rises to 36m high, can store up to 77,000 pallets of frozen food at temperatures of minus 27 degrees Centigrade. It was developed for potato processing giant Lamb Weston Meijer which has taken the lion’s share of the 20,500 sq metre cold store, but is also being used by Birds Eye and Pinguin.
Speaking at the opening, CEO of Partner Logistics, Bram Hage, said: “The opening of our £42 million state-of-the-art facility is a major milestone in our company’s short history. It is our third and largest site in the UK and has been built due to unprecedented demand from our customers for more deep-frozen product storage. We now operate 13 fully automated warehouses in Europe and Russia.”
Since the project’s inception in 2006, support for setting up in the UK was given by the East of England’s inward investment team and Fenland District Council. Jacky Holtby of East of England Inward Investment, said: “We’ve helped with a range of matters including the planning process, recruitment and the local supply chain.” She added: “Partner Logistics’ investment is important to the longer term prosperity of the Fenlands, with its dependence on the agricultural industry. The facility has already created 45 new jobs and, with planned expansion, is set to bring a further 100.”
Councillor Chris Seaton, Fenland District Council's portfolio holder responsible for economic development, said: “This new facility really reinforces Fenland's status as a centre of excellence in the agri-food processing and logistics industry. We are very pleased about the extra jobs it is creating, not only at the facility itself but also within the surrounding supply chains, which will give a welcome boost to the local economy.” He added: “We have worked closely with the region’s inward investment team to help secure this venture and to make sure that everything has gone smoothly for Partner Logistics.”
Partner Logistics specialises in operating highly automated warehouses, with each new facility purpose designed and built to meet the specific needs of their customers. To date, the company provides warehousing services to leading companies in food, retail and consumer goods in the Netherlands, Belgium, UK and Russia. The majority of the sites are deep freeze warehouses. However, Partner Logistics also operates sites with ambient and chilled conditions.
EEDA is the driving force behind sustainable economic regeneration in the East of England and funds inward investment support across the region.
Ends
Ref: EI005
Notes to Editors
1. Partner Logistics is headquartered in the Netherlands and provides high quality warehousing services by operating highly automated warehouses, allowing its clients to focus their resources on their core business. Founded by Bram Hage, CEO, just over 10 years ago, PL currently operates 13 sites in the Netherlands, Belgium, UK and Russia for clients in food, retail and consumer goods. Visit www.partnerlogistics.eu
2. East of England Inward Investment delivers International Business support for new and existing overseas-owned businesses in the region. We provide a single convenient point of contact for companies looking to locate, invest and grow their operations in the East of England – the UK’s most innovative region. We work with UK Trade & Investment and on behalf of the East of England Development Agency. Visit www.eedainvest.org.uk
3. Fenland District Council provides a wide range of local services in the Cambridgeshire market towns of Chatteris, March, Whittlesey and Wisbech. We work together with local organisations to improve the economy, health, well-being and quality of life in the Fenland community. Visit www.fenland.gov.uk
4. UK Trade & Investment is the lead government organisation that provides extensive support for UK companies looking to develop international business. It also provides support for overseas companies wishing to invest in the UK. UK Trade & Investment has a comprehensive range of export services, delivered by International Trade Advisers in the UK backed-up by a network of commercial officers at British Embassies worldwide who can provide a wide variety of services such as market intelligence, advice on regulations and practical support. Visit www.ukti.gov.uk
5. East of England Development Agency (EEDA) is the driving force behind sustainable economic regeneration in the East of England: Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk and Suffolk. Its vision is to create a leading economy, founded on a world-class knowledge base, creativity and enterprise to improve the quality of life for all who live and work here. Visit www.eeda.org.uk
7 July 2010
Shipping and logistics group sponsors international tennis
Tim Ryan, Chairman of SaLSA, represnting Ryan Insurance, Digby Smith, Chairman of FLTA and Belinda Jarvis, representing Lloyds TSB
The annual championships, part of the Aegon British Tour, are the highlight of the East of England tennis calendar, with British and international players who feature in the World’s top player rankings. Qualifying draws take place in the first part of the week with international players joining the main draw on Thursday.
Digby Smith, Chairman of the Felixstowe Lawn Tennis Club, said: “It’s fantastic to have the sponsorship backing of SaLSA, whose members are all working hard to promote the expertise we have in our region in shipping and logistics. They’ll be entertaining local business leaders at the tennis on Friday.”
SaLSA, which formed in 2009, is a non profit making alliance which delivers specialist advice and services to the shipping and logistics industry under the umbrella of one brand. Each member of the alliance is from a different sector, but can boast experience in the sector.
SaLSA currently has the following members: DPS Technology Group (Information Technology); Larking Gowen (Accountancy, Taxation and Business Advice); Lloyds TSB Commercial (Commercial banking and financial services); Project PR (PR and marketing); Ryan Insurance Group (Insurance Solutions and Risk Management): SOS-HR (HR and Health & Safety Advice) and Suffolk Offset (Design and Print).
See www.salsa.uk.net
Ends
For further press information contact:-
Helen Rudd at Project PR. Tel 01473 326405 / 07521318127 / Helen.rudd@projectpr.biz
Notes to Editors:
1. SALSA was formed as a non profit making alliance in April 2009 to create an alliance built around the unique attributes of each independent member. It is wholly owned and operated solely for the benefits of its members.
2. The principal objective of SALSA is to deliver specialist advice and services to the shipping and logistics industry through a programme of events and good communication from specialist providers.
3. The membership is currently made up of experts from a number of industry segments. The members are now as follows:
Ryan Insurance Group (Insurance and Risk Management)
SOS-HR (Training, HR and Health and Safety)
DPS Technology Group (IT)
Larking Gowen Chartered Accountants
Lloyds TSB Commercial (Banking Services)
Suffolk Offset (Design, plus Digital and Lithographic Printing)
Project PR (PR and Marketing)
4. SaLSA offers companies from the shipping and logistics industry improved trading efficiency, immediate access to a broad range of expertise, access to industry information and compliance, development of business opportunities and a good communication forum.
5. The SaLSA website is http://www.salsa.uk.net/
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