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Thames Valley Berkshire LEP ranked highly in fDi 2018/19 ranking

15:04 04 April in News by tvportalstage

Thames Valley Berkshire Local Enterprise Partnership (LEP) has achieved second place of all the UK’s LEPs in fDi’s European Cities and Regions of the Future 2018/19 ranking. The ranking is published online by fDi Intelligence, a division of the Financial Times, which specialises in all areas relating to FDI, investment promotion and economic development.

Major towns including Maidenhead, Slough and Reading fall within the Thames Valley Berkshire LEP area, ensuring that it has also received the third highest level of inward investment of the 38 LEPs in the UK. The region boasts a low unemployment rate of 3.6% and the second highest level of GDP per capita after London, more than $65,200 at purchasing power parity, contributing to its second place ranking for economic potential.

Tim Smith, Thames Valley Berkshire LEP Chief Executive said, “The 2018/19 ranking from the fDi Magazine is a testament to Thames Valley Berkshire’s robust growth strategy, talent retention and evolving business landscape. The area benefits from sectors, such as Digital Tech and Life Sciences, that generate a large number of highly skilled roles and have the potential to make a significant economic impact in the future, and our locational advantages offer businesses access to current and emerging markets, with ease. The recent EY Attractiveness Survey ‘Inward investment after Brexit’ findings reveal that while there may be short-term challenges, there is still a great deal to play for in respect of FDI.”