With investments from more than 150 companies, creating almost 4,000 jobs, 2017/18 was a successful year for Sheffield City Region’s inward investment team.
Targets were exceeded for foreign inward investments also in?UK-owned investment projects C warriors particularly in Doncaster, which happens to be becoming renowned due to its logistics opportunities.
Key to economic growth was strong collaborative using the services of local authorities, in addition to the city region’s two universities as well as other partners.
Chris Scholey, Chair in the Sheffield City Region (SCR) Trade and Investment Advisory Board, said: “These figures demonstrate what those of us in your city region have famous for a little while. We are world-leading in areas for instance advanced manufacturing and health technologies, and they are increasingly attracting investment from companies perfectly located at the UK and across the globe.
“There are some causes of our successful and sustained growth. Such as our position like a super-connected city region in the center from the UK; our excellence in logistics and our straightforward, can-do attitude.
“Our inward investment experts assist businesses for making their move because seamless and streamlined as it can be. Now i’m glad their particular efforts has seen real, tangible results which will create jobs and play a role in wider economic growth.”
The new figures show investment from foreign companies was spread across numerous sectors, when using the food and drinks sector accounting for the best volume of projects altogether.
Domestic investment comprised around 80 % of total purchase of the SCR, with 125 companies creating 2,508 of the total 3,857 new jobs.
Manufacturing and engineering sectors continued to dominate the domestic investment projects in 2017/18, making up 22 on the 125 inward investments. The rest of the projects were spread across numerous sectors.
Mr Scholey added: “In relation to its both foreign and direct investment, i am achieving good jobs growth. We’re proactively showcasing the SCR when using international level, at events just like MIPIM Cannes and through hosting the Horasis China Meeting with town region C? and that ambitious approach is paying dividends.
“Next week, by way of example, we’ll be advancing towards Poznan in Poland with businesses and partners from round the city region, to make potential trading relationships and demonstrate fantastic offer that this SCR must investors.
“As along with retaining our concentration on the USA and Europe, were also increasingly specializing in other potential source markets, such as India. I hope that our straightforward, bold and enterprising outlook continues to get businesses here and contribute to greater success in 2018/19.”