Companies attending Foodex Meatex
- the UK food industry's leading exhibition - from 19 to 22 March will be urged
to develop new production facilities in the Peterborough area by Greater
Peterborough Investment Agency (GPIA) which has taken a stand at the event.
GPIA will be armed with latest
research which shows that food industry firms based in Greater Peterborough have
boosted their turnover at twice the rate of similar companies located elsewhere
in Britain over the past five years.
Food companies in Greater
Peterborough with a turnover of between £5 million and £25 million achieved 66
per cent growth while comparative firms located elsewhere achieved only 33 per
cent growth. When firms with up to £500 million turnover were compared Greater
Peterborough companies still achieved much higher growth - up by 64 per cent
compared with an average of 44 per cent for other areas.
GPIA and the economic development
unit from South Kesteven District Council have taken adjoining stands and will
be supporting their case with examples of a wide range of companies which have
already made a success of their moves to the region.
These include Peterborough-based
Geest which last year announced a further £40 million investment in its
facilities and specialist herb producer Swedeponic which is extending its
facilities in Bourne.
GPIA chief executive Gloria Milne
said: "The fens have an unsurpassed reputation for the quality of their
food products and there are sound economic arguments for locating production
facilities close to the A1 trunk route."
The region benefits from industry
support organisations FoodFen in Wisbech and FOODnet which has opened a new
Centre for Food Technology and Development in Spalding.
"We can offer competitive
business costs and a location which offers easy access to major customer bases
in the UK and continental Europe," said Mrs Milne. "We have a strong
food industry infrastructure with companies providing a wide range of support
services from plant design and manufacture and packaging supplies through to
warehousing and distribution.
"Our exhibits will reveal some
of the success stories achieved by companies which have developed new facilities
in our area."
For more information about
development opportunities in Greater Peterborough telephone 01733 558816 or
South Kesteven District Council on 01476 406080 or visit stands 4201 or 4202 at
Foodex Meatex at the Birmingham NEC.