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Herefordshire gains international aerospace investment

International manufacturing firms have today confirmed partnerships in an exclusive agreement to locate new advanced campuses in two UK sites.

Get It Group are a US firm who provide building development alternatives for economic growth. They have paired up with Georgia based Tbilisi Aircraft Manufacturing and Ukrainian Market-Mats to position new bases in Hereford Enterprise Zone and at organic farm, Model Farm in Ross-on-Wye.

These ventures are predicted to create upward of 500 jobs in manufacturing and to increase local spending power by £20 million a year upon the projects’ completion.

Manufacturing campuses in both regions will host their own apprenticeship training schools, with at least 10% of employees joining through these schemes.

Hereford’s Local Enterprise Partnership, Marches LEP, hopes to prompt good conditions for economic growth by encouraging the creation of sustainable jobs in the private sector.

The investment in these projects was announced today by the Deputy Prime Minister Nick Clegg at the British Business Embassy held at Lancaster House during the Olympic Games.

Marches LEP is also celebrating investment in two aerospace companies locating themselves in the area.

Engineering group GKN will inject money into two facilities in Telford and Birmingham. Dr Geoffrey Davies, Chairan of the Marches LEP commented:“I’m delighted that this agreement has been signed and it represents a fantastic boost not only to the Marches Enterprise Zone in Hereford, but to the entire Marches region.

“GKN is one of the UK’s leading engineering companies and its intention to invest millions of pounds in investment at its Land Systems site in Telford shows confidence in both the UK and the region’s manufacturing capability.”

This was posted in Bdaily's Members' News section by Miranda Dobson .