Tuesday, 06 July 2021

Land and location making Telford and Wrekin a key target for successful investment from overseas

Telford and Wrekin is in pole position to attract new foreign investment as the council’s link-up with Harper Adams University and the Department of International Trade attracts global agri-tech businesses

Land and location making Telford and Wrekin a key target for successful investment from overseas
New research shows record numbers of investors planning to invest in the UK over the next 12 months with the country seen has having Europe’s best Covid recovery plan. And more overseas investors are looking at sites outside of London and the South East.

Locally the Marches area – Herefordshire, Shropshire, and Telford & Wrekin – recorded 14 new Foreign Direct Investment (FDI) project successes in the last year, with Telford winning four out of the 10 single site schemes and securing nearly half of the 220 new jobs created.

This follows on from the previous year when Telford successfully attracted 60% of the foreign investment in the Marches Local Enterprise Partnership area with six of the 10 single sited projects landing in the town.

Cllr David Wright, Telford & Wrekin Council’s cabinet member for Economy, Housing, Transport, and Infrastructure, said: “Our ability to attract new investment from overseas in what have been exceptionally difficult economic conditions, shows our borough’s resilience.

“As always, we have been able to react nimbly and pivot our offer to attract new businesses to our borough; our central location, ready-to-go and affordable land and a great business support offer being cited by investors as the main reasons for our continuing success. We are great at supporting budding entrepreneurs - new research from Tide, places Telford & Wrekin in sixth place in the country for the biggest growth in new start-ups.”

In 2020 the UK was leading Europe in three of the six biggest sectors for FDI projects, namely financial services, digital technology, and agri-food which places Telford in a great position with the development of Ni.PARK, its Agri-Tech business park in Newport.

Telford’s position in the Agri-Tech sector is being further enhanced by FDI investor UPL. This Indian business is the fifth largest crop protection company in the world and a global leader in bio-solutions for sustainable agriculture. It is a global company, with a presence in 138 countries and employs more than 10,000 people. It has 26 research and development facilities worldwide, including a brand new 70 hectare (173 acre) global field-testing station close to Harper Adams University at Newport, which serves UPL’s North Europe business.

Cllr Wright said: “This FDI is a great new addition to our borough and a result of our collaborative partnership with Harper Adams University and DiT which is helping us attract leading names with new to market Agri-technologies to Telford.”

The annual EY Europe Attractiveness Report states that 41% of investors from their survey are now planning to invest in the UK in the next 12 months and with the UK now ahead of France and Germany in terms of investment appeal, Telford is well positioned to take advantage of this fantastic opportunity. As well as our excellent location and workforce the town can demonstrate to FDI investors its green credentials with the green industrial revolution continuing apace and a collaborative business community that operates across our key sectors of Agri-Tech, digital, advanced manufacturing, food and automotive.

You may be interested in:

Telford based AceOn’s mobile solar power station to lead the world in sodium-ion technology

Friday, 16 July 2021

Telford based AceOn’s mobile solar po...

A pioneering battery and energy storage firm is poised to lead the world in developing a commercial use for a ground-breaking new battery technology.

Read more

Telford & Wrekin Council starts search for first companies to occupy Newport’s Ni.PARK agricultural technology site

Tuesday, 29 June 2021

Telford & Wrekin Council starts searc...

Work on developing a major agricultural technology park at Newport is making rapid progress with phase one of the building programme due to be completed by the autumn.

Read more

Norwegian virtual fencing firm makes UK home at Newport’s Agri-epi centre after support from Telford & Wrekin Council

Friday, 25 June 2021

Norwegian virtual fencing firm makes ...

Telford and Wrekin is fast becoming a hub for leading agricultural technology businesses with ground-breaking Norwegian firm Nofence choosing Newport as its UK base, a...

Read more