High levels of investment and expansion from foreign owned companies has resulted in a significant increase in Foreign Direct Investment (FDI) in the Thames Valley Berkshire Local Enterprise Partnership (TVB LEP) sub-region.
A total of 67 FDI projects entered the LEP area over the past 12 months, a 52 % rise on the previous year. A large proportion of these projects were also classified as good or high value wins creating 1,714 new jobs, a 68% increase on the previous year, with the highest level of investment from the Americas, EMEA and Asia Pacific.
Whilst technology firms continued to dominate, there was strong representation and growth across all sectors including financial and professional business services, advanced engineering and manufacturing and life sciences and healthcare.
Paul Britton, chief executive at Thames Valley Chamber of Commerce Group, said: “These figures, we believe, place Thames Valley Berkshire LEP at the very top table as one of the most successful LEP areas, outside of London, in securing FDI into the UK.”
He added: “Whilst traditionally technology companies have been the driving force, we have seen impressive growth across the spectrum.
“With excellent transportation links, proximity to London Heathrow airport, industry centres of excellence, world class universities and an encompassing support network of businesses, Berkshire continues to build on an impressive base and reaffirming its place as an ideal location for organisations wanting to set-up, operate and grow from the UK.”
Seqirus, the second largest influenza vaccine provider in the world, recently chose to establish its new corporate offices in Maidenhead, creating more than 100 managerial and highly skilled jobs in the Thames Valley Berkshire area.
Speaking about the move, Gordon Naylor, president of Seqirus, said: “We were keen to build a strong presence in the UK, and the Thames Valley Berkshire proved to be the perfect gateway to reach our global manufacturing facilities and internationally based customers.
“With network of likeminded businesses in the area and ongoing support from the Thames Valley Chamber and Thames Valley Berkshire LEP, the move has been very well received.”
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