News: Rotherham looks east to China's Hainan Island
Rotherham is building on its reputation as a leading location for foreign investment by creating links with China.
Last week representatives from Rotherham Council took part in a special reception for a delegation from China's Hainan Island.
The visit was organised by Manchester businessman and Chairman of the Northwest Chinese Council, Dr. Lee Kai Hung, who has been instrumental in helping to establish trade links between Manchester and Nanning in the Southern Chinese province of Guangxi.
In 2007, the Greater Manchester Chamber signed a Cooperation Agreement with Nanning Chamber of Commerce aimed at growing a relationship regarding trade and investment. Following a number of trade visits, a Memorandum of Understanding was signed in 2009 between Trafford Council and Nanning.
Rotherham Council Leader, Roger Stone said on his blog: "Dr. Lee is Manchester-based but his businesses can be found in both mainland China and Hong Kong. At the reception I could see how the contacts made there could prove to be beneficial to Rotherham and so promptly invited the delegation to travel over the Pennines in the future and come and see what Rotherham has to offer expanding Chinese companies."
"I have said many times that during times of economic downturn we have to do even more to attract inward investment.
"This is not the time to bring down the shutters. Instead we have to get out and bang the drum for Rotherham because investment in the borough means more jobs and more financial security for the people on the street."
The Hainan Province in Southern China includes China's largest special economic zone and in January, the Chinese government announced that it plans to invest billions in order to build the southern island of Hainan into a top international tourism destination by 2020.
Rotherham helped to attract a record number of overseas investors to the region in the 12 months to July and the US-based National Business Incubation Association (NBIA) awarded the borough "Soft Landing Zone" status last year.
The award recognised the four business centres managed by the Council's regeneration arm, RiDO, as well as their knowledge and expertise to deliver a comprehensive package of support that will maximise the chances of a foreign inward investor successfully entering a new market.
RiDO is looking to build on this status and sees capturing international business and the growth of existing businesses in to global markets as the next phase of their development in incubation and business support.
A business plan is being progressed to secure European funding that would enable RiDO to encourage additional successful knowledge based business to set up in Rotherham by attracting foreign business. It would aslo enable them to work with home grown talent to develop ideas that have true potential to create export focused businesses through accelerated development and support.
Rotherham Investment and Development Office
Hainan Province website
Last week representatives from Rotherham Council took part in a special reception for a delegation from China's Hainan Island.
The visit was organised by Manchester businessman and Chairman of the Northwest Chinese Council, Dr. Lee Kai Hung, who has been instrumental in helping to establish trade links between Manchester and Nanning in the Southern Chinese province of Guangxi.
In 2007, the Greater Manchester Chamber signed a Cooperation Agreement with Nanning Chamber of Commerce aimed at growing a relationship regarding trade and investment. Following a number of trade visits, a Memorandum of Understanding was signed in 2009 between Trafford Council and Nanning.
Rotherham Council Leader, Roger Stone said on his blog: "Dr. Lee is Manchester-based but his businesses can be found in both mainland China and Hong Kong. At the reception I could see how the contacts made there could prove to be beneficial to Rotherham and so promptly invited the delegation to travel over the Pennines in the future and come and see what Rotherham has to offer expanding Chinese companies."
"I have said many times that during times of economic downturn we have to do even more to attract inward investment.
"This is not the time to bring down the shutters. Instead we have to get out and bang the drum for Rotherham because investment in the borough means more jobs and more financial security for the people on the street."
The Hainan Province in Southern China includes China's largest special economic zone and in January, the Chinese government announced that it plans to invest billions in order to build the southern island of Hainan into a top international tourism destination by 2020.
Rotherham helped to attract a record number of overseas investors to the region in the 12 months to July and the US-based National Business Incubation Association (NBIA) awarded the borough "Soft Landing Zone" status last year.
The award recognised the four business centres managed by the Council's regeneration arm, RiDO, as well as their knowledge and expertise to deliver a comprehensive package of support that will maximise the chances of a foreign inward investor successfully entering a new market.
RiDO is looking to build on this status and sees capturing international business and the growth of existing businesses in to global markets as the next phase of their development in incubation and business support.
A business plan is being progressed to secure European funding that would enable RiDO to encourage additional successful knowledge based business to set up in Rotherham by attracting foreign business. It would aslo enable them to work with home grown talent to develop ideas that have true potential to create export focused businesses through accelerated development and support.
Rotherham Investment and Development Office
Hainan Province website
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