Business investment creates 3,000 jobs for Sheffield in just one year

Convention of the North
Dan Jarvis

More than 3,000 jobs were created in the Sheffield City Region last year through domestic and foreign investment.

About two thirds have been created through 130 domestic investment projects, while a total of 1,010 new jobs have been created through 40 foreign direct investment projects.

The 2018/19 figures are broadly similar to the previous financial year, when 3,857 new jobs were created across 152 different projects.

Dan Jarvis, Mayor of the Sheffield City Region, said: “It’s good to see continued job creation and inward investment here in the Sheffield City Region.

“With high-profile investments from companies such as McLaren and Boeing in recent years, increasing opportunities for cutting-edge collaborations between our world-leading universities and businesses, and an ambitious plan to improve our transport network, our region is an increasingly attractive place to live, work and invest.

“These new figures also indicate that we have held up well against the national picture, which has seen a 14 per cent decrease in FDI projects, primarily due to uncertainty over Brexit.

“But while we’re doing well, we can and should be doing better. To grow our economy on the scale that is required, we need a commitment from the new Prime Minister to devolve more powers, responsibilities and funding to regional decision-makers.

“Only then will we have the power to ensure investment is made where we know it will make the greatest impact.”

Beckie Hart, CBI Yorkshire and Humber Director, said: “These figures show that the Sheffield City Region remains extremely attractive to investors, and are testament to the strength of the region’s offer to investors. We are a hub for technology, research and innovation.

“I look forward to continuing to work closely with Mayor Jarvis as he drives forward his economic vision to help unlock more jobs, investment and prosperity for the region as a whole.”

Of the FDI investment last year, 40 projects have together created 1,010 jobs. One of those investments, from German supermarket chain Lidl, accounts for 400 of those new jobs, at a new distribution centre in Doncaster.

Of the domestic investment, 66 of the total 130 new projects are in Doncaster, with 42 in Barnsley, 10 in Sheffield and four in Rotherham. A total of 2,300 new jobs have been created through those projects, 776 of which are in Doncaster and 774 in Sheffield.

One company, Specialist Engineering Services Ltd, expanded this year after moving its headquarters to Balby in Doncaster. The firm has more than 20 years’ experience in rail engineering and now employs more than 100 people across four locations.

Another new project is wholesaler Gem Imports, which has moved into a new 75,000 ft logistics facility at Capitol Park, Barnsley. The company specialises in Far East sourcing, supplying more than 1,000 products to UK and EU markets via its website and Barnsley showroom.