Foreign investment creates 305 jobs

June 19, 2015

Marches LEP region celebrates increased levels of Foreign Direct Investment (FDI)

Figures released today show that the Marches enjoyed increased levels of investment from overseas businesses during the year 2014-15.

The report,  published by UK Trade & Investment (UKTI), outlines that there were a total of 16 successful investments secured, marking an increase from 12 in the previous year. 13 of these were directly supported by the Marches LEP and UKTI.

As a result of these investments, over 302 new jobs have or will be created and a further 250 existing posts have been safeguarded.

The Marches LEP is one of just 17 Local Enterprise Partnerships nationally to have seen an increase in overseas investment, whilst 18 have experienced a fall.

Speaking in response to the publication of the report, Gill Hamer, Director of the Marches LEP, said: “The Marches has enjoyed a significant uplift in the levels of overseas investment in the last year with 16 successful projects being confirmed. This is an increase from 12 in the previous year.

“We have witnessed particular interest from businesses within advanced engineering and manufacturing, as well as food and drink production, which plays well to the LEP’s key business sectors. We have also found that the region is of particular interest to investors from across Europe, the Middle East and Asia.

“The inward investment teams at our three local authority partners should be applauded for their hard work in achieving these figures, not least of all because almost half of our investors over the last 12 months were new to the region.”

Notable investments in Shropshire and Herefordshire include Bridgnorth Aluminium, a 75% Greek owned specialist manufacturer of aluminium coils for the food, pharmaceutical and printing industries which, with the support of Shropshire Council’s Planning, Highways and Economic Development teams, has invested over £24m in its 60 acre site enabling it to significantly increase capacity and create an additional 20 jobs.

Tyrells Potato Crisps Ltd in Leominster, meanwhile, was bought by Bahrain-based Investcorp in 2013 and in the last year undertaken further global expansion in to new markets allowing for the creation of 20 new jobs.

Figures for the Marches LEP region:

16 successful Foreign Direct Investment projects, 13 of which were supported by the Marches LEP and UK Trade & Investment (UKTI)

This compares with 12 successful projects in the previous period (2013/14)

The investments created 302 jobs and safeguarded a further 250

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The Marches Local Enterprise Partnership has now ceased trading and transferred all its functions to Shropshire Council working with Telford & Wrekin Council and Herefordshire Council, in line with the UK Government's plans for devolution.

The Marches LEP was established in 2011 and hands over an impressive legacy from its 13-year life. In that time the LEP invested over £196m in projects across the Marches, securing in excess of £100m of match funding and supported more than 66,000 business interactions.

The schemes supported have made tangible differences to local communities, increasing skills, creating jobs and improving the physical appearance of many towns.

We would like to thank all the LEP Board Members who have given their time freely over the life of the LEP, as well as all the staff who worked for the LEP over the years. We also want to thank our delivery partners, local education providers and local, regional and national stakeholders who helped us achieve so much.

The Marches Growth Hub will continue to support businesses and will be managed by Shropshire Council, supported by Telford and Wrekin and Herefordshire Councils. Each of the three Local Authorities will also continue to provide direct business support locally. Details of this support will be available through the Marches Growth Hub website and from the Local Authorities directly. Website: | email:

The Marches Careers Hub will continue to be delivered and will be managed by Shropshire Council, supported by Telford & Wrekin and Herefordshire Councils. Website: | email:

For any queries about Getting Building Fund (GBF), Local Growth Fund (LGF) and Marches Investment Fund (MIF) projects supported by the Marches LEP please contact:

For any finance queries please contact:

The solvent liquidation of the Marches LEP is being managed by the Evelyn Partners Limited. For any matter related to this please contact:

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