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21:37 on Wednesday
31 December 2003

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Relocation enquiries resist economic slowdown


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Relocation enquiries handled by Greater Peterborough Investment Agency have remained constant despite the worldwide economic slowdown, according to latest figures.

During the 2002 calendar year the agency received 229 enquiries from companies or developers about prospects for relocating to Peterborough or building new commercial premises. That is a slight increase on the 223 enquiries handled in 2001 and not far behind the total of 287 enquiries for 2000.

The agency was successful in arranging 33 business moves in each of 2001 and 2002.

Agency chief executive Gloria Milne said: “The last two years have seen dramatic changes in world conditions with the campaign against terrorism, war in Afghanistan and a rapid decline in economic confidence.

“Against this backdrop, the Greater Peterborough area has maintained its public profile as an excellent location for business growth that also offers an attractive lifestyle. These figures reflect considerable credit on the efforts of the agency’s team and the support we receive from the city council, English Partnerships and our business partners.

“Even more encouragingly, the number of enquiries in the final quarter of 2002 was double that of the previous year. This indicates some return of confidence following the immediate impact of the 11 September terrorist attacks on America.

“We are continuing our marketing activities with full confidence that they will produce further good results this year.”

February 2003

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Contact:
Gloria Milne/Bill Agnew
Greater Peterborough Investment Agency
Tel: 01733 404390

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