Region celebrates 73% increase in foreign investment
New figures from the Department for International Trade show that foreign investment into the Sheffield City Region (SCR) leapt by a massive 73% in the financial year to the end of March compared to previous 12 months.
The Government figures, produced annually, show that there were 46 investments by foreign businesses, creating 2308 new jobs and safeguarding another 217.
Chesterfield Champions, Ferdinand Bilstein, being amongst the top five project successes taking on 150 employees in the last year alone.
This makes it the most successful year for international investment in the region since the SCR was created.
Teams from the regeneration departments of the nine local authorities are supported by the region-wide SCR Trade and Investment team to work together to attract foreign companies from overseas, and others already based in the UK looking to relocate and expand.
Rachel Clark, Director of Trade and Investment for the SCR, said:-
“These excellent figures are the exciting result of collaborative work with our local authority and business partners and the Department for International Trade. It’s rewarding to see a team effort bringing in such fantastic returns in terms of jobs and economic growth.”
Further examples of other recent investments in the SCR include:
- Peak Resort, the £400million tourism and leisure destination which is underway with £2.9million infrastructure funding from the SCR. The project will create 1,300 jobs.
- A new 44,595 sq metre facility at the Markham Vale Enterprise Zone for Great Bear will create 400 new jobs serving the UK domestic market. A second distribution operation at Markham Vale is the largest development at Markham Vale to date.
