INVEST Essex to deliver £2.2million project to support business growth in Essex

Man signing paperworkINVEST Essex, which was previously the in-house inward investment service for Essex County Council (ECC), has now become an independent investment promotion agency (IPA) and business support service. It will deliver an enhanced service through a recently announced £2.2million project. The project will be part funded by ECC and the European Regional Development Fund (ERDF) and will be managed by the Let’s Do Business Group which already delivers the inward investment service in East Sussex and the Business East Sussex Growth Hub.

INVEST Essex will be expanding its portfolio to include inward investment in the digital and creative sectors as well as providing support to small to medium sized enterprises (SMEs). The ERDF funding will enable support to provide 180 jobs within SMEs with additional funding from ECC supporting jobs across all businesses sizes. The investment in projects will see 5,000 new jobs to the county and help 50 new businesses relocate to Essex.

“We are delighted to take over management of the INVEST Essex service. The team have already demonstrated their ability and proactive support within the Essex business community. Through our involvement we will further enhance and develop the service by additionally providing support to start-up businesses and providing an access to finance service, helping new and established businesses to find the right financial support to help businesses to start and grow.”


Graham Marley, Chief Executive, Let’s Do Business Group

Securing investment and businesses into the county

Essex is a location with huge opportunities for businesses and investors alike and the county has been attracting attention from overseas investors with investments in projects ranging from £250-£300 million in value. INVEST Essex, who already have a proven track record of inward investment into Essex going back over 10 years, have recently assisted…

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“Essex is a county of opportunity, we are well ahead of the UK average in terms of start-ups of new enterprises and are now receiving interest from a number of high profile large companies with projects valuing up to £300million. Essex is the 8th largest economy in the UK and so this investment is crucial in supporting businesses develop and grow in Essex and in supporting the economy more generally.

INVEST Essex are well placed to help support this work given their track record, including the opening of one of Amazon’s largest warehouses in the UK. INVEST Essex were instrumental in the early stages of this project identifying the location for Amazon at the London Distribution Park at Thurrock.”


Cllr Kevin Bentley, Cabinet Member for Economic Growth, Skills, Infrastructure & the Digital Economy, Essex County Council

Enabling economic growth through investment

As part of the South East Invest project INVEST Essex will continue to work in partnership with local enterprise partnerships, councils, universities and the private sector as it works to deliver a pipeline of inward investments. It will also offer affordable rental space for new businesses to help them establish themselves in the county through the Essex Technology and Innovation Centre in Ongar.

ERDF logoSouth East Invest delivers inward investment for Essex and East Sussex and is part funded by the 2014 to 2020 European Regional Development Fund Programme.

For more information about INVEST Essex please visit www.investessex.co.uk.

For more information on the Essex Technology and Innovation Centre visit www.essexenterprisecentres.co.uk.

David Rooke
David Rooke

Location Services Director

+44 (0) 7989 380435

Biography

In a career spanning over 30 years David’s experience includes large-scale factory management and 17 years in inward investment. David has worked with a wide range of major corporates and organisations in the UK and overseas, advising on inward investment projects, business relocations, expansion and consolidation projects.