Investment activity led by the West Yorkshire Combined Authority and the Leeds City Region Enterprise Partnership (LEP) saw an upsurge in jobs and trade last year.
More than 1,500 jobs were created during the period with the region securing 23 successful inward investment projects – including international law firm Reed Smith, Perform Group, Premier Farnell, GAMA Healthcare and the public sector broadcaster Channel 4.
The investments secured by the Combined Authority and the LEP are expected to have a long-term economic impact in excess of £1 billion as well as providing much needed high-skilled jobs.
“Our achievements as a region serve to reinforce why we need to keep pressing the case for further government and commercial investment to ensure Leeds City Region is a place where people can have great career opportunities and an outstanding quality of life,” said Roger Marsh OBE, Chair of Leeds City Region LEP.
“We look forward to building on this momentum in 2019, using the spotlight that’s now on our region as a result of our Channel 4 win especially to ensure Leeds City Region remains among the top investment destinations in the UK.”
This year, the LEP established an Investor Development Team to forge relationships with around 100 foreign owned firms and 26 potential investment projects have already been identified.
On an international stage, the LEP also exhibited the region’s business opportunities in China, Hong Kong, Dubai, Germany and Spain.