We've helped fund the £2m project which supported the launch of Derbyshire Economic Partnership’s (DEP) new ‘Invest in Derbyshire’ service in May this year.
Now the project is being extended for a further 3 years with the aim of supporting 80 more businesses to relocate to or start-up in the county.
Our Cabinet Member for Economic Development and Regeneration Councillor Tony King said:
“Derbyshire is a unique destination, birthplace of the Industrial Revolution and recognised as a global hub for high value modern manufacturing. By attracting businesses to Derbyshire, the project has exceeded its target of creating 86 jobs by an extra 25 posts and is currently dealing with enquiries from dozens more firms considering setting up in the county.
“Over the next 3 years we’ll focus on delivering an even better and intensive service providing a wide range of specialist inward investment support to small and medium-sized businesses. We’ll also look to work with large investors looking to relocate, launch or grow their business with the aim of bringing 100s of new jobs to Derbyshire.”
One firm helped to relocate through the Invest in Derbyshire service is Millitec Food Systems Ltd which is settling into new premises in Draycott having moved to the county from Leicestershire.
Support provided to the firm, which designs and manufactures machinery and robotics for use in the food production industry, included inward investment advice, support to access grant funding towards the cost of vital machinery and ongoing support in identifying skills providers for its workforce and recruitment opportunities.
Richard Ledger, Managing Director of Millitec who grew up in Derbyshire, said he was pleased to be “heading home”.
“We’re thrilled to be moving to our new site in Draycott.
“The Invest in Derbyshire service helped us secure funding via University of Derby’s ‘Invest to Grow’ programme which was vital in supporting bringing the site in line with our requirements for our ongoing expansion plans in the region.
“We have invested in the highest specification equipment including ultra-precise laser cutting machinery and an all-new machining facility.
“This will allow us to grow rapidly across the next three years, trebling our output and extending our ongoing research and development programme into energy efficient and time saving high-care robotics for the food processing industry.”
Over the next 3 years, ‘Invest in Derbyshire’ will be funded by £177,928 from us on behalf of the Derbyshire Economic Partnership - which includes the county council and Derbyshire’s district and borough councils - and £3.2m as part of the European Regional Development project ‘Invest in D2N2’.
The Invest in Derbyshire service aims to:
- raise the profile of Derbyshire globally to secure investment and create new jobs, acting as a shop window for why Derbyshire should be a destination of choice for investors
- make it easy for investors to choose Derbyshire by providing a one-stop-shop offering quality business support tailored to individual businesses’ needs ranging from help and support to choose the right site in Derbyshire to provide information on workforce skills and assisting with recruitment as well as offering guidance on financial incentives
- use market intelligence to target businesses in growth sectors to attract them to Derbyshire
- providing advice and support to entrepreneurs and businesses looking to grow and invest in the region
- developing tailored propositions for businesses to support their investment
Invest in Derbyshire will continue to be delivered on behalf of ourselves and the Derbyshire Economic Partnership by award-winning investment promotion agency Marketing Derby, which is a public-private partnership created to raise the profile of Derby and Derbyshire and attract investment.