Enterprise zones boost UK industry with foreign investment

Enterprise zones boost UK industry with foreign investmentEnterprise zones are pushing the UK ahead of global competitors after attracting even more overseas investment Communities Secretary Eric Pickles said today.

The latest investment, which comes from Swedish company Haldex, will be based at the MIRA Technology Park Enterprise Zone, creating jobs and growth for the local economy.

Haldex is a manufacturer of automotive safety systems with annual net sales of nearly £400 million, is to create its new European Technical Centre at the MIRA Enterprise Zone, consolidating their European research and development operations in the UK.

Secretary of State for Business Vince Cable said: “The British car industry is a big national success story. This year it has attracted more than £2.5 billion of investment and created 5,000 new jobs.

“Haldex’s decision to base its European Technical Centre at MIRA shows we are an attractive place for international companies to do business.”

The state of the art 25,000 square foot facility in the heart of the Midlands will bring an initial 44 high tech jobs to the area, developing a new generation of safety systems.

Eric Pickles said: “We have acted fast to tackle the deficit. We are now focused on backing the industries of the future, growing the private sector and making Britain a great place to do business.

“When international companies like Haldex invest here it shows we have got our offer right. Every 20 seconds a car, van, bus or truck rolls off a UK production line and enterprise zones like MIRA Technology Park are magnets for the global motor industry with the best international businesses choosing them as their home.

“This is just the beginning – enterprise zones are at the heart of our long-term economic plans. They are already making a big difference, attracting increased investment to the UK – half a billion pounds so far – and creating over 4,600 jobs in just a year and a half.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s