New research by Business Stortford, the organisation set up to attract inward investment to Bishop's Stortford, has identified a strong life sciences cluster in the town.
This cluster is made up of over 20 life and bio sciences businesses which have chosen to set up their headquarters, laboratories or offices in and around Bishop's Stortford over the past few years.
The firms are capitalising on the town's location in the heart of the London - Stansted - Cambridge corridor; an area dubbed the 'Eastern Powerhouse' which experienced a 20% higher than average economic growth rate between 1997 and 2014.
Business Stortford is a joint collaboration between Hertfordshire LEP and Bishop's Stortford Chamber of Commerce. As well highlighting the town's life and bio sciences cluster, Business Stortford is capitalising on the town's unique location next to Stansted Airport to encourage companies to relocate to the area.
The initiative is targeting European businesses seeking a base in the UK, international companies wanting a well-connected location in Europe and UK firms looking for exceptional air transport links to Europe.
John Barfoot, chair of Business Stortford, said: "Bishop's Stortford is open for business. Our Welcome Programme is here to fast-track the relocation of other life and bio sciences companies who want to join the cluster."
Robert Lee, president of Bishops Stortford Chamber of Commerce, added: "The fact that significant players in the life and bio sciences field have chosen to base themselves here in Bishop's Stortford clearly demonstrates its attractiveness as a gateway to Europe."
Business Stortford has set up a free Welcome Programme to facilitate a company's relocation or expansion to Bishop's Stortford.
Town Ambassadors have been appointed to host visitors, give a VIP tour of the town and provide guidance about setting up business in the area.
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