Bradford is reaping the benefits of increased foreign investment in the region.
The latest EY Attractiveness Survey – a study carried out by international auditors Ernst & Young to measure how attractive a location is to investors – has revealed that Yorkshire and Humberside has had more foreign investment projects than any year since 1997.
A record 83 projects were recorded, eight of which were in Bradford (the rest were in Leeds, Hull, Sheffield, Barnsley, Wakefield and Rotherham). For the region this represents a 69 per cent increase in foreign investment since 2014.
The Bradford companies, which range from manufacturers to sales, marketing and training are: Axxonet (India), BASF (Germany), CMB Engineering (France), Geoban (Spain), Habasit (Switzerland), Hallmark (USA), Kemira (Finland) and Klinger (Austria).
The majority of the investments made by Bradford-based companies were on expansion projects, for example Finnish-owned chemical company Kemira are expanding their facilities and creating jobs, having successfully applied for a Government grant.
The successes have been due in part to Bradford Council’s Business Investment and Enterprise Team (who market the district using the ‘Invest in Bradford’ brand). The team work with partners to attract investment projects and retain investors in the district. The offer valuable help, including advice on suitable premises, relocation, recruitment and skills and the availability of financial assistance.
Cllr Susan Hinchcliffe, Leader of Bradford Council, said: “This is fantastic news for the district and proves that Bradford has a place on the global map for businesses wanting to set up in the UK. We have the benefits of affordable properties and attractive locations. It is also great for our economy in creating hundreds of jobs for the district. Our Invest in Bradford Team is providing valuable support to help these businesses set up here.”