News: Record inward investment for South Yorkshire
The global economic downturn has failed to dampen Yorkshire and Humber's position as a leading location for foreign investment, with the latest figures released by Yorkshire Forward showing the region attracted a record 125 overseas investors in the last 12 months, the highest ever.
According to the figures South Yorkshire has proved the most popular location for investment, attracting 45% of the total business investments. North Yorkshire and West Yorkshire attracted around 23% each and Humber proved to be the location of choice for around 9% of investors.
The United States was the region's top investor for the second year, followed closely by Japan and firms from across Europe. And despite challenging trading conditions, the Advanced Engineering, Food and Drink and Manufacturing sectors remained the top sectors for investment in the region.
Theresa Lindsay, Assistant Director of Business at Yorkshire Forward said: "In a climate where businesses now more than ever, are balancing the need for capital investment against the uncertainties of the global economy, the results endorse the strength of our region as the place to do business"
"More than half of all inward investment during the past year has come from existing international companies that have a base in our region. These companies are choosing to reinvest in the region and expand their operations, in a highly competitive global market.
"This demonstrates the level of confidence in the Yorkshire and Humber economy and proves our region is the right choice for companies who are not only market seeking, but also efficiency seeking."
In Rotherham, investment from overseas came from relocating operations such as the Swedish owned Dormer Tools move to the AMP, German vending machines operator Selecta and the Park Inn Hotel in Manvers operated by American firm, Radisson. Further foreign investment came in the form Finnish company Outokumpo's buyout of Metalfin, Germany's HBM buying nCode Ltd and Spanish petfood group, Rodi buying Pointer Pet Foods.
This year has already seen two foreign investments announced for Rotherham with Dutch owned, Pegler Yorkshire and Swedish owned, Sandvik moving in.
Rotherham
According to the figures South Yorkshire has proved the most popular location for investment, attracting 45% of the total business investments. North Yorkshire and West Yorkshire attracted around 23% each and Humber proved to be the location of choice for around 9% of investors.
The United States was the region's top investor for the second year, followed closely by Japan and firms from across Europe. And despite challenging trading conditions, the Advanced Engineering, Food and Drink and Manufacturing sectors remained the top sectors for investment in the region.
Theresa Lindsay, Assistant Director of Business at Yorkshire Forward said: "In a climate where businesses now more than ever, are balancing the need for capital investment against the uncertainties of the global economy, the results endorse the strength of our region as the place to do business"
"More than half of all inward investment during the past year has come from existing international companies that have a base in our region. These companies are choosing to reinvest in the region and expand their operations, in a highly competitive global market.
"This demonstrates the level of confidence in the Yorkshire and Humber economy and proves our region is the right choice for companies who are not only market seeking, but also efficiency seeking."
In Rotherham, investment from overseas came from relocating operations such as the Swedish owned Dormer Tools move to the AMP, German vending machines operator Selecta and the Park Inn Hotel in Manvers operated by American firm, Radisson. Further foreign investment came in the form Finnish company Outokumpo's buyout of Metalfin, Germany's HBM buying nCode Ltd and Spanish petfood group, Rodi buying Pointer Pet Foods.
This year has already seen two foreign investments announced for Rotherham with Dutch owned, Pegler Yorkshire and Swedish owned, Sandvik moving in.
Rotherham
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