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08:39 on Wednesday
7 March 2001


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Positively Peterborough

Food firms urged: Join the success of Greater Peterborough

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.

February 2000




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