Foreign Business Investment Booming in Hertfordshire+

31 Jul 2015

According to a report from the Government’s UK Trade and Industry (UKTI) department, foreign business investment in Hertfordshire is booming. The report reveals that overseas businesses invested in 25 projects across the county in the year ending in March 2015, the most for five years.

Over the last three years, Hertfordshire has benefitted from 62 foreign investment projects with 42 per cent in the A1(M) Growth Area, which includes Welwyn Hatfield, home to Hatfield Business Park, which is managed by Goodman.

The opening of Eisai’s new £8 million packaging centre at Hatfield Business Park in December is one of the region’s key foreign business investments. The new packaging centre, expanded the Japanese pharmaceutical company’s HQ on the park and increased the workforce by 10%.

Tim Burton, inward investment manager for the WGC-based Hertfordshire Local Enterprise Partnership, told the Potters Bar Times: “These figures are encouraging as inward investment is a competitive arena and we respect the natural draw of London to investors and the strength of propositions that areas across the UK can provide.

“Our message to companies considering relocating here is that Hertfordshire is a great place to live, work and do business.”
“It is our vision to accelerate business-led economic growth and we will continue to hard with our partners and key stakeholders, such as the UKTI, to ensure we achieve this.”

The UKTI annual report also reveals 466 new Hertfordshire jobs were created in 2014/15, up 605 on the previous year.