Greater Peterborough Investment Agency will be targeting UK food and
drink manufacturers with messages about the financial benefits of
relocating their business to the Peterborough area when it
participates in Foodex Meatex, the country’s leading food industry
exhibition at the NEC Birmingham from Sunday 17 to Wednesday 20 March.
The agency will be armed with
independent research that demonstrates how food sector firms based in
the Peterborough area achieve turnover growth at up to twice the rate
of similar companies located elsewhere in Britain.
Agency chief executive Gloria Milne
said: “Peterborough’s strategic location close to the Fenland food
producers and its excellent transport connections with the rest of the
country provide a valuable competitive advantage for food and drink
“What’s more, our food companies
can take advantage of the support services provided by the
Wisbech-based FoodFen public-private partnership, which is dedicated
to improving the profitability of its members.
“As a result, the Greater
Peterborough area already has a significant cluster of successful food
producers, manufacturers and packaging companies. In addition, our
engineering technology firms have a reputation for developing
innovative food processing machinery. All these benefits represent
powerful reasons for food companies to relocate here.”
Independent research, conducted on
behalf of GPIA, examined the financial results of food industry firms
with turnover of between £5 million and £25 million over a five-year
period. It revealed that companies located in Greater Peterborough
achieved turnover growth of 66 per cent while similar firms located
elsewhere in Britain achieved only 33 per cent growth.
When firms with up to £500 million
turnover were compared, those in Greater Peterborough achieved growth
of 64 per cent while those elsewhere in Britain achieved only 44 per
The GPIA stand will include display
material and products from a representative sample of food companies
that have flourished as a result of being located in the Greater
Around 500 exhibitors and 20,000
visitors from 50 countries are expected to attend Foodex Meatex, which
is held every two years.