Sector Focus: Finance
New jobs are generated thanks to Sheffield City Region investment
(SCR) last year through domestic and foreign investment. Approximately two thirds of
M
those jobs have been created through 130 domestic investment projects, while a total of 1,010 new jobs have been created through 40 foreign direct investment (FDI) projects. The 2018/19 figures are broadly
similar to the previous financial year, when 3,857 new jobs were created across 152 different projects. Dan Jarvis, Mayor of the SCR,
said: “It’s good to see continued job creation and inward investment here in the SCR. “With high-profile investments
from companies such as McLaren and Boeing in recent years, increasing opportunities for cutting-edge collaborations
ore than 3,000 new jobs were created in the Sheffield City Region
between our world-leading universities and businesses, and an ambitious plan to improve our transport network, our region is an increasingly attractive place to live, work and invest. “These new figures also indicate
that we have held up well against the national picture, which has seen a 14% decrease in FDI projects, primarily due to uncertainty over Brexit. “But while we’re doing well, we
can and should be doing better. To grow our economy on the scale that is required, we need a commitment from the new Prime Minister to devolve more powers, responsibilities and funding to regional decision-makers. “Only then will we have the
power to ensure investment is made where we know it will make the greatest impact.”
Beckie Hart, CBI Yorkshire and
Humber Director, said: “These figures show that the SCR remains extremely attractive to investors, and are testament to the strength of the region’s offer to investors. We are a hub for technology, research and innovation. “I look forward to continuing to
work closely with Mayor Jarvis as he drives forward his economic vision to help unlock more jobs, investment and prosperity for the region as a whole.” Of the FDI investment last year,
40 projects have together created 1,010 jobs. One of those investments, from German supermarket chain Lidl, accounts for 400 of those new jobs, at a new distribution centre in Doncaster.
Of the domestic investment, 66
of the total 130 new projects are in Doncaster, with 42 in Barnsley, 10 in Sheffield and four in Rotherham. A total of 2,300 new jobs have been created through those projects, 776 of which are in Doncaster and 774 in Sheffield. One company, Specialist Engineering Services Ltd (SES), expanded this year after moving its headquarters to Balby, Doncaster. The firm has more than 20 years’ experience in rail engineering and now employs more than 100 people across four locations. Another new project is wholesaler Gem Imports, which has moved into a new 75,000ft logistics facility at Capitol Park, Barnsley. The company specialises in Far East sourcing, supplying more than 1,000 products to UK and EU markets via its website and Barnsley showroom.
Visit:
www.scrinvest.com
‘Our region is
an increasingly attractive place to live, work and invest’
78 CHAMBERconnect Summer 2019
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96
