News: New investment and jobs for Rotherham despite recession
During the toughest recession for more than half a century, Rotherham has seen a steady flow of development and companies choosing to invest in the borough. Between April and July, nearly 2,000 jobs have been either created or safeguarded and tens of millions of pounds have been invested.
Partners in Rotherham's regeneration agree that people took a jobs hammering this year, particularly through cuts at Burberry and Corus. But they also agree the latest figures counter the generally gloomy perception of the UK and local economies.
The figures, compiled by Rotherham Investment & Development Office (RiDO), the borough council's regeneration arm, show that since April, 149 companies have either move into the area or relocated, expanded or started up in the borough. This has created 908 jobs and safeguarded 978.
RiDO has worked with 27 of the companies and helped in roughly a third of the jobs.
The council's Cabinet Member for Economic Development, Planning and Transportation, Cllr Gerald Smith, said commercial confidentiality made it difficult to put a precise figure on the level of investment, but it was significant. "What's also significant is that a lot of it is coming from national and international companies."
As featured on Rothbiz, companies investing in Rotherham and creating jobs include Sandvik, Pegler, Sterecycle, Dormer Tools and Manor Motorsport.
At the other end of the scale, Rotherham's four purpose-built business centres, aimed mainly at start-up and small and growing companies, are playing an important role in helping the borough's entrepreneurs.
Rotherham's one-year and three-year survival rates for start-ups in its centres stand at 95 per cent and 85 per cent, the latter well ahead of the national figure.
Partners in Rotherham's regeneration agree that people took a jobs hammering this year, particularly through cuts at Burberry and Corus. But they also agree the latest figures counter the generally gloomy perception of the UK and local economies.
The figures, compiled by Rotherham Investment & Development Office (RiDO), the borough council's regeneration arm, show that since April, 149 companies have either move into the area or relocated, expanded or started up in the borough. This has created 908 jobs and safeguarded 978.
RiDO has worked with 27 of the companies and helped in roughly a third of the jobs.
The council's Cabinet Member for Economic Development, Planning and Transportation, Cllr Gerald Smith, said commercial confidentiality made it difficult to put a precise figure on the level of investment, but it was significant. "What's also significant is that a lot of it is coming from national and international companies."
As featured on Rothbiz, companies investing in Rotherham and creating jobs include Sandvik, Pegler, Sterecycle, Dormer Tools and Manor Motorsport.
At the other end of the scale, Rotherham's four purpose-built business centres, aimed mainly at start-up and small and growing companies, are playing an important role in helping the borough's entrepreneurs.
Rotherham's one-year and three-year survival rates for start-ups in its centres stand at 95 per cent and 85 per cent, the latter well ahead of the national figure.
Rotherham Investment and Development Office
RotherhamImages: RiDO
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