ALMOST £350million is set to be invested in North Worcestershire – including Redditch – over the coming years.
Research has revealed unprecedented levels of investment by both the public and private sector as a result of a series of major projects, with more in the pipeline.
It is planned to plough £85million into the Redditch Eastern Gateway development around Winyates Green up to 2020 while the Kingfisher Shopping Centre is currently undergoing an £8million revamp, including the creation of a leisure hub. There are also plans for the development of a 90,000 square foot warehouse at Moons Moat.
The projects, along with others in and around the area, will be highlighted at a business breakfast being held at Avoncroft Museum in Bromsgrove on Thursday, March 19 to showcase why North Worcestershire is ripe for investment.
Organised by the North Worcestershire Economic Development and Regeneration unit, the event will feature a specially filmed video by Lord Digby Jones and a keynote speech from Steve Hollis, deputy chair of the Greater Birmingham and Solihull Local Enterprise Partnership.
It will also be used to formally launch the new NWEDR website highlighting services available to businesses and promoting the area to potential investors and companies looking to grow as well as entrepreneurs looking to start up their own company.
Key sectors to build on in North Worcestershire include automotive, construction, retail, professional services, food, scientific and technical.
Bill Hartnett, leader of Redditch Borough Council, said: “We are pleased to be a part of NWEDR because not only is North Worcestershire a great environment in which to do business, but, through the partnership we can provide support to Redditch businesses so they can invest and grow.
“North Worcestershire is ideally placed near a host of major motorway networks and, as well as links to the Black Country and Birmingham conurbation, the economy has a strong manufacturing base, supporting more than 18,000 jobs.”
To register to attend the event email [email protected] or call 01564 826653. Places are free and allocated on a first come, first served basis.
