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New Foreign Investments Boost Northern Powerhouse

over 1 year ago by Robert Wilde

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NEW FOREIGN INVESTMENTS BOOST NORTHERN POWERHOUSE

Prime Minister and Business Secretary forge strong links between the Northern Powerhouse and South East Asia with inaugural trade missions

Business Secretary Sajid Javid leads first Northern Powerhouse-focused trade mission

62 companies exploring business opportunities in South East Asia

Business wins will create jobs and investment in the region

The Prime Minister and Business Secretary, Sajid Javid are leading the first Northern Powerhouse trade mission, taking 62 northern companies to Singapore and Malaysia, underlining the Government’s commitment to the creation of a Northern Powerhouse. The delegation represents a total turnover in excess of £10bn, with a combined workforce of over 50,000. The trip comes as Malaysian investor Petra Group announced that 90 highly skilled jobs will be created in the North following an investment in the region of £12 million. The company plans to develop a rubber recycling manufacturing facility using their patented technology to produce Green Rubber.

Today in Singapore, the Prime Minister will meet the Northern Powerhouse delegation at a Northern Powerhouse business event.

 

Prime Minister, David Cameron, said:

“The government is committed to ensuring the UK’s northern regions play their part in rebalancing our economy. With so much untapped potential, I’m delighted to be part of this first Northern Powerhouse trade mission – the first of what I hope will be many.

 

“Petra Group’s announcement that it will open its pioneering manufacturing to the North East of England, creating up to 90 jobs, is testament to the skills and expertise the North East has to offer.”

Business Secretary Sajid Javid said: 

“Our long-term economic plan seeks to rebalance growth across the regions and nations of the UK, and building a Northern Powerhouse will be a key part of this. This mission – the first of its kind – will demonstrate the strength of the northern regions, which are home to some of the most innovative companies and institutions in the world.”

Aiming to rebalance the economy and attract overseas investment, the Prime Minister and Business Secretary are leading the charge in establishing the North as a global powerhouse. Also in South East Asia are: the Minister for Trade and Investment, Lord Maude, and Minister for Small Business, Industry and Enterprise, Anna Soubry.

The Northern Powerhouse is also celebrating successes and business wins including:

Manchester-based SME FutureEverything has won a contract from the Singapore Government worth £500k, which will see it explore the Smart Nation through digital culture, developing a Smart Nation Innovation Lab and conference

Cheshire-based Cambridge Dream, which runs international ‘Leadership and University Preparation’ summer schools at Cambridge University, has signed a Memorandum of Understanding with Malaysia-based Brighton Education Group; the two education organisations will work together on projects to equip young people across ASEAN with the knowledge and skills to realise their academic and career aspirations

Vehicle Barrier specialists ATG Access, which has a major presence at airports throughout South East Asia and has recently created the world’s first impact tested column protector, which will be used to protect supporting walk way tunnel columns within international airports

Cheshire based Delamere Dairy, which recently featured in the Sunday Times SME Export Track 100 and has been supplying products to Singapore for over 10 years and Malaysia for three years

Vernacare, designs and produces a single-use, human waste management system that reduces the risk of infection within the healthcare sector. Vernacare’s single-use system is used in 94% of UK hospitals and in over 48 countries. With the assistance of UK Trade & Investment the company has recently begun exporting to Singapore, capturing around 24% of their hospital market

The University of Sheffield is receiving £4 million investment from the Engineering and Physical Sciences Research Council (EPSRC) to build one of the largest dynamic test facilities in the UK. The new £4 million grant takes the total current investment in the facility to £11 million

Notes to editors

1. While in Singapore, the Secretary of State for Business will deliver a speech on ‘Growing Trade and Investment links between the UK and Singapore’. Delegates will hear strategies from a panel of experts on developing links between the South East Asia and the North of England. In the latter half of the week, the delegation will travel to Malaysia to meet with some of the UK’s most significant investors in the Malaysian market and participate in workshops and networking opportunities.

 

2. About the delegates

 

Delegates on the trip represent companies and organisations including:

 

City Leaders: Greater Manchester Combined Authority; Manchester City Council; Leeds City Council.

 

Trade Delegation: Arup; Association of Colleges; ATG Access; Benoy; Bentley Motors Ltd; Cambridge Dream Ltd; Concept Smoke Screen Ltd; Cygnet Group Ltd; Delamere Dairy Ltd; EA Technology Ltd; Eurodyne Ltd; Evans Vanodine International Plc; Flexcrete Technologies Ltd; Fuel Economy Solutions Ltd; Fusionex; FutureEverything; Geoquip Worldwide; Greater Manchester Chamber of Commerce; Inform People Ltd; John Lilley & Gillie Ltd; Kek-Gardner Ltd; KPMG LLP UK; Learning Curve Group; Liverpool Chamber of Commerce; Liverpool City College; M & I Materials Ltd; NCFE; Newcastle University; North East Chamber of Commerce; Pitman Training Group Ltd; P R Gibbs Ltd T/A Gibbs Investment; Proseal UK Ltd; Scorpion Automotive Ltd; Scott Safety; Sunde Technologies Ltd; Televic Education (UK); Tithebarn Ltd; Turner & Townsend; Unilever; University of Bolton; University of Central Lancashire; University of Nottingham; University of Salford; University of Sheffield; Upskill People Ltd; Vernacare Ltd; Volcanic (UK) Ltd; West and North Yorkshire Chamber; William Hare Group Ltd; Wosskow Brown Solicitors LLP.

 

Regeneration Investment Organisations: Leeds City Council; MIDAS – Manchester’s Inward Investment Agency; Foresight; Green Investment Bank; Macquarie; Transport for Greater Manchester; BNP Paribas; Gatehouse Bank; Legal & General Investment Management (LGIM); KPMG LLP; Scarborough Group International; Sigma Capital; Urban Splash Group

 

3. Delegate locations:

 

From the North West

 

FutureEverything (Manchester)

 

Greater Manchester Chamber of Commerce

 

Transport for Greater Manchester

 

MIDAS – Manchester’s Inward Investment Agency

 

KPMG LLP UK (Manchester)

 

M & I Materials Ltd (Manchester)

 

Sigma Capital (Manchester)

 

Urban Splash Group (Manchester)

 

Sunde Technologies Ltd – (Manchester

 

Televic Education (UK) – (Manchester

 

University of Salford – Manchester

 

Inform People Ltd – North West (Manchester, Warrington)

 

Eurodyne Ltd (Lindale, Cumbria)

 

Evans Vanodine International Plc (Preston, Lancashire)

 

University of Central Lancashire – Preston

 

Flexcrete Technologies Ltd (Leyland, Lancashire)

 

Fuel Economy Solutions Ltd (Preston, Lancashire)

 

Scott Safety – North West (Skelmersdale, Lancashire)

 

P R Gibbs Ltd T/A Gibbs Investment – Bolton)

 

University of Bolton – Bolton

 

Vernacare Ltd – North West Bolton

 

Liverpool Chamber of Commerce

 

Liverpool City College

 

ATG Access (Haydock, Merseyside)

 

Unilever – North West (Merseyside)

 

Cygnet Group Ltd (Wincham, Cheshire)

 

Kek-Gardner Ltd (Macclesfield, Cheshire)

 

Delamere Dairy Ltd (Knutsford, Cheshire)

 

Upskill People Ltd – (Warrington, Cheshire)

 

Tithebarn Ltd – North West (Winsford, Cheshire)

 

Proseal UK Ltd – North West (Adlington, Cheshire)

 

Volcanic (UK) Ltd – North West (Stockport, Cheshire)

 

EA Technology Ltd (Capenhurst, Chester)

 

Bentley Motors Ltd (Crewe, Cheshire)

 

Cambridge Dream Ltd (Farndon, Chester)

 

Scorpion Automotive Ltd – North West (Chorley, Lancashire)

 

William Hare Group Ltd – North West (Bury)

 

 

 

From the North East

 

John Lilley & Gillie Ltd (North Shields Tyne and Wear)

 

NCFE (County Durham)

 

Learning Curve Group – North East (County Durham)

 

Newcastle University (Newcastle)

North East Chamber of Commerce (Newcastle)

 

 

 

From Yorkshire and the Humber

 

Fusionex (Sheffield)

 

University of Sheffield

 

Wosskow Brown Solicitors LLP – Yorks & Humber (Sheffield)

 

Pitman Training Group Ltd (Wetherby)

 

Concept Smoke Screen Ltd (Boston, Lincs)

Turner & Townsend – Yorks & Humber (Horsforth, Leeds)

Leeds City Council – Yorks & Humber (Leeds)

West and North Yorkshire Chamber – Yorks & Humber

From the East Midlands

Geoquip Worldwide (Little Eaton, Derbyshire)

University of Nottingham

Foresight – East Midlands Nottingham

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