Last week, International Trade Secretary, Dr Liam Fox MP launched a new drive to attract more than £30 billion of investment to 68 projects across the UK.
The Department for International Trade is promoting 68 UK investment projects to overseas investors, which includes Telford Investment Cluster worth £105 million.
This investment drive forms part of the Government’s modern Industrial Strategy, helping to build a Britain fit for the future.
Part of this drive will also include extending the High Potential Opportunities scheme across more than 20 new sectors and areas which is already piloted in Telford’s agri-tech sector, creating new jobs and boosting productivity.
The High Potential Opportunities scheme has been piloted in Telford due to recognition of the areas advanced engineering cluster with crossover technologies. The Telford agri-tech sector will commercialise new technology for high productivity food production due to growing demand for food and scarce land resource.
Responding to this announcement, Telford’s MP, Lucy Allan said:
“This is fantastic news for Telford business and really highlights the growth and investment opportunities our town has.
“Many businesses in Telford are true innovators who specialist in advanced engineering, so it so no surprise that Telford has been piloted as one of the High Potential Opportunity schemes, mixing technology with agriculture.”