Kent proves popular overseas

Kent proves popular overseas

Locate in Kent helped 46 companies invest in the county last year, eight of which were from overseas and creating almost 3,000 jobs in the process.

These latest investments have led to the county’s investment promotion agency creating or retaining 2,915 jobs in Kent and Medway, meeting its target for 2015-16.

Of the 46 successful investments, 63% were in the high value, high growth sectors of business and financial services, life sciences and ICT, and more than half of all jobs were in these sectors.

Eight of the successful investments were from overseas, with three from the United States, two from Sweden, and the remainder from France, Italy and Austria.

“This was another successful year for Locate in Kent, and it is particularly pleasing that so many of the investments and jobs were in high value, high growth sectors, so further new jobs can be expected in due course. These investments and jobs are also benefiting every part of Kent and Medway,” said David Fitzsimmons, chairman of Locate in Kent.

He added: “This success would not be possible without the myriad of our public and private sector partners - this teamwork has been key.”

Alongside business and financial services and ICT, the high value life sciences sector also proved important, with five successes, three of which were from overseas, including one each from the US, Italy and France.

Mark Dance, cabinet member for economic development at Kent County Council, and a board member of Locate in Kent, added: “Life sciences is a crucial sector for Kent and we have benefitted greatly from having modern, flexible premises such as Discovery Park in Sandwich, Kent Science Park in Sittingbourne, and at the up and coming Kent Medical Campus in Maidstone.

“We now have a life science cluster group – Biogateway – up and running, and this will help Kent companies work together and assist in the attraction of more of these companies to Kent and Medway.

“I am already looking forward to another successful year for inward investment in Kent, despite the distractions of the European referendum.”