Greater Lincolnshire LEP to Take Lead on Inward Investment
News release
19th July 2012
An agreement has been signed which will give the Greater Lincolnshire Local Enterprise Partnership (LEP) a leading role in attracting inward investment into the region.
The LEP has signed a Memorandum of Understanding with UKTI, the Government’s trade and investment department, and will take the lead in co-ordinating investment across Greater Lincolnshire.
The agreement, which is one of a number being developed across the country, aims to promote the resources and incentives available in Greater Lincolnshire as well as working to direct international projects to the UK.
It outlines how the LEP and UKTI will work together to support inward investment into the region.
Ursula Lidbetter, Chair of the Greater Lincolnshire LEP, welcomed the agreement. “Greater Lincolnshire has a lot to offer businesses looking to invest in the UK, including plenty of affordable land, a skilled workforce, excellent schools and universities and easy access to five airports and the North Sea ports.
“Now that we have a formal agreement in place we will be able to work closely with UKTI to co-ordinate inward investment activity and tap into the unrivalled global network to which UKTI has access.”
Steve Clarke from UKTI said: “This memorandum of understanding will be a vital part of improving the experience for companies wishing to invest in the UK. It will harness the UK's global integrated network while at the same time further strengthening the important link with local communities and business.
“Foreign companies seeking to locate and grow their business in the UK will now have a clear point of entry to the Government's inward investment support and a single pathway right through to the local level.
“International businesses continue to choose the UK as the most attractive destination in Europe for their investment projects. This Memorandum of Understanding and others like it underline our commitment to maintaining this position.”
Notes to Editors
The Greater Lincolnshire Local Enterprise Partnership is a new body led by the private sector which aims to improve conditions for infrastructure and doing business in the Greater Lincolnshire area.
One of the first LEPs to be established in the UK, the Greater Lincolnshire LEP covers a large geographical area with a population of over one million and a diverse range of industries, from ports and logistics to farming, tourism and engineering.
It includes North and North-East Lincolnshire and is controlled by a LEP board made up of leading figures in the public and private sector.
For more information about the Greater Lincolnshire LEP please contact Ruth Carver or Carolyn Tuscher at the LEP Secretariat on 01522 550515, or visit www.greaterlincolnshirelep.co.uk
UK Trade & Investment (UKTI) works with UK-based businesses to ensure their success in international markets and encourages the best overseas companies to look to the UK as their global partner of choice.
For more information about UKTI visit www.ukti.gov.uk
Jez Ashberry
Shooting Star PR
01522 528540
jez@shootingstar-pr.co.uk
www.shootingstar-pr.co.uk
t: @jezashberry
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