BUSINESS LED FOR BUSINESS GROWTH
KEY FEATURES
NORTHAMPTONSHIRE LEADING THE UK ECONOMIC RECOVERY This document sets out the opportunities for investment in Northamptonshire. At the forefront of the UK’s economic recovery, the collaborative and innovative approach of the county’s partners towards business investment, support and funding, infrastructure and skills is testament to Northamptonshire’s business integrity and ambition for growth.
Northamptonshire is already a successful base location for numerous national and internationally known companies such as Barclaycard, Avon Cosmetics, Carlsberg UK, Travis Perkins, Weetabix, Yusen Logistics, Eddie Stobbart, Tesco, Sainsbury’s, Mercedes-Benz, Scott Bader, Tata Steel and Cummins Engine Co.
At the start of 2013 the economic think tank, Centre for Cities, named Northampton as the place making the best economic recovery in the UK. Since then investment by companies such as Decathlon, Sainsbury’s and technology park developer, MEPC at Silverstone, further accelerate Northamptonshire’s continuing business and investment growth. Furthermore, The University of Northampton is a top 50 university with 96% student employability.
Central to the UK, Northamptonshire is at the heart of the nation’s transport and business infrastructure, providing unrivalled access to a substantial UK market and quick links to continental Europe.
In 2012, Northamptonshire was named ‘Britain’s Most Enterprising Place’ (Department for Business, Innovation and Skills Enterprising Britain competition). Northamptonshire supports business and business investment. In 2014 the county will begin to implement a new £100m programme of investment and in so doing unlock substantial new opportunities for private sector and institutional investors.
THE NORTH
Glasgow
AIRPORTS Coventry Birmingham International East Midlands PORTS Liverpool RAIL Birmingham New Street
Edinburgh A1
M8
M74
Newcastle
A1
Hull
A63
Manchester
M62
Liverpool
A1(M)
70 miles
AIRPORTS Luton Heathrow Stansted Gatwick PORTS London Gateway Flexistowe Southampton RAIL London Euston St. Pancras International
A74(M)
M62
145 miles
THE SOUTH
A1(M)
M6
15 miles 27 miles 40 miles
Sheffield
27 miles 59 miles 85 miles 97 miles 90 miles 116 miles 127 miles 48 miles 49 miles
M1
Nottingham
75%
OF THE UK’S POPULATION ARE WITHIN A TWO-HOUR DRIVE
Birmingham International Airport
M6 Daventry
International Rail Freight Terminal
East Midlands Airport
DIRFT
Birmingham
M42
A14
Cambridge A14
Northamptonshire
Stansted M1 London Airport M5 Luton Airport Felixstowe St. Pancras International Oxford M40 LondonLondon Marylebone Heathrow Euston Airport M4 M4 London Gateway M25
M4
Cardiff
Bristol M5
A34
London
Gatwick Airport
M20
Southampton Exeter
E15
Le Havre
INVESTMENT PROSPECTUS
E44
NETHERLANDS
Dover Folkestone Channel Tunnel Calais
E25
E40
Rotterdam
Brussels
BELGIUM
E402
FRANCE E17 E402
NORTHAMPTONSHIRE UNRIVALLED BUSINESS SUPPORT
find out more: lovenorthamptonshire.com
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SECTOR STRENGTHS
HIGH PERFORMANCE TECHNOLOGIES
The Northamptonshire High Performance Technologies Network is a unique concentration of industries that specialise in the design and manufacture of innovative technologies, engines and products, incorporating low carbon engineering and the application of advanced materials and composites in sectors such as automotive, motorsport, aerospace energy and defence. This distinctive network of over 800 companies form a comprehensive supply chain that significantly contributes to the economic growth of the county and enhances its prominence within the UK’s world-leading High Performance Technologies industry.
HIGH PERFORMANCE TECHNOLOGIES INVESTMENT FUND The programme offers support to eligible High Performance Technology (HPT) businesses in the form of grants of up to ÂŁ1 million. Companies operating in the HPT sector that are focussed on innovation and growth and have a project planned that needs additional financial support and will consequently create jobs are likely to benefit from the fund.
INVESTMENT PROSPECTUS
MAJOR GROWTH SECTORS
LOGISTICS Northamptonshire’s central location make it one of the most accessible areas in the country. It is the UK’s leading logistics and transport hub and is a major growth sector in the county. Northamptonshire Enterprise Partnership (NEP) offers a bespoke portfolio of business support services designed specifically to support the logistics industry and to help it invest and prosper in Northamptonshire.
An enviable regional infrastructure has dedicated terminals for both rail – Daventry International Rail Freight Terminal – and air freight including Heathrow, London, Luton, Birmingham and Nottingham East Midlands Airport - the UK’s largest pure air freight terminal. With easy access to the M1 and A14, the county is ideally situated for logistics and supply operations. Northamptonshire is also investing heavily in its telecommunications and broadband infrastructure. The major ports of Felixstowe, Southampton, Liverpool and London Gateway are all within three hour’s drive and travel to London takes less than one hour by train.
IN NORTHAMPTONSHIRE
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SECTOR STRENGTHS
FOOD & DRINK
The Food & Drink sector in Northamptonshire is a significant employer with some 46,000 jobs supported by prospering businesses including Weetabix, Carlsberg UK, Whitworths, British Pepper and Spice and Alpro. The sector is worth ÂŁ1.5 billion to the Northamptonshire economy.
The county is responsible for 10% of the UK’s total wheat storage, milling and processing capacity. It is also home to more than twice the national average number of food and drink manufacturers many of which produce high end, award-winning, specialist products for international audiences. Northamptonshire is also home to the annual Carlsberg UK Northamptonshire Food and Drink Awards which serves as a strong platform for celebrating the range of businesses in this sector as well as an integrated Made in Northamptonshire programme of activity.
INVESTMENT PROSPECTUS
CREATIVE & CULTURAL
Northamptonshire’s ambitious and entrepreneurial Creative Industries sector is still experiencing growth even in this challenging economic climate. Currently employing 1.8 million people, the sector is forecast to produce GVA growth of 31% and employment growth of 33%. It currently contributes £97 million GVA to the local economy.
Northamptonshire’s population growth, location and competitive cost base means that it is in a strong position to attract financial and data management services. It is also able to draw on a large pool of skilled graduates from The University of Northampton and other major universities all within a one-hour drive including Oxford, Cambridge, Warwick and London.
FINANCIAL SERVICES
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INVESTMENT SITES
INVESTMENT SITES IN NORTHAMPTONSHIRE The following pages show some of the investment sites ready for development in Northamptonshire.
1. Silverstone 2. Waterside Enterprise Zone 3. Prologis RFI DIRFT 4. Kettering East 5. Rockingham 6. Stanton Cross Urban Extension 7. Warth Park 5
4
3
6
2
1
7 Rushden
SILVERSTONE PARK, SOUTH NORTHAMPTONSHIRE LOCAL INVESTORS
Flybrid / 3CTest / Delta Motorsport / Silverstone UTC
THE BENEFITS - 300 hectare site to provide enhancement of existing F1 and other racing facilities - Development of new industry and technology park, hotels and other associated facilities - New development investment by MEPC - Adjacent to the A43 and midway between north, south M1 and M40 motorways
INVESTMENT SITES
WATERSIDE ENTERPRISE ZONE, NORTHAMPTON LOCAL INVESTORS
Cosworth / Mahle / Church’s / Carlsberg UK
Train station now under construction
THE BENEFITS - 20 investment sites alongside the River Nene in Northampton - The ‘Enterprise Zone’ provides a five-year local business tax rebate for companies in or locating to the Enterprise Zone - Significant other investment by The University of Northampton and a new train station now under construction - Northampton adjacent to main north/south M1 motorway
Northampton Waterside
Enterprise Zone Alive with opportunity, innovation & technology
PROLOGIS RFI DIRFT, M1 JUNCTION 18 LOCAL INVESTORS
DHL / Tesco / Sainsbury’s / WH Malcolm
THE BENEFITS - Prologis RFI DIRFT II home to UK significant logistics functions for Tesco, Sainsbury’s, DHL, Eddie Stobbart and others - Prologis RFI DIRFT III being planned and will provide additional 162 hectares of development - Adjacent to M1 motorway and UK rail West Coast Mainline – providing intermodal delivery for companies - Further expansion of railfreight terminal planned for 2015/16
INVESTMENT SITES
KETTERING EAST, KETTERING LOCAL INVESTORS
Weetabix / Knights of Old / Morrisons / Alpro
THE BENEFITS - A total of 50 hectares of employment land north and south of the main east west A14/M6 from Port of Felixtowe to rest of UK - Served by junction 10 and the future junction 10a, part of/adjacent to the east Kettering urban extension - Predominantly office and industrial with some distribution - Access already to green energy sources on adjacent land with plans for further significant renewable energy investment by First Renewables in the near future
ROCKINGHAM PARK, CORBY LOCAL INVESTORS
Tata Steel / Roquette / Wincanton / RS Components
THE BENEFITS - 84 hectares of development land surrounding the Rockingham Motor Speedway at Corby - A focus on manufacturing and High Performance Technology companies - The Electric Corby initiative supports renewable energy development and investment
INVESTMENT SITES
STANTON CROSS URBAN EXTENSION, WELLINGBOROUGH LOCAL INVESTORS
Scott Bader / RML / Whitworths / Cummins / Lotus Lightweight Structures
THE BENEFITS - 110 hectares employment - mix of industrial, office, distribution and retail - 285,781 m2 of employment space and 3,200 new homes - 70% B8 (Warehousing/Distribution) - 9,441 jobs over 15 years - Closest of the Northamptonshire towns to London, 50 minutes average time to St Pancras - Adjacent to A45, linking M1 and A1M main UK north south routes - Adjacent to A14, Trans-European trunk road, linking the M1 to the Eastern Ports
WARTH PARK, EAST NORTHAMPTONSHIRE LOCAL INVESTORS
Indesit / GEM Logistics / Robert Wiseman Dairies / Avery Dennison / GeoPost / Airwair
LONDON ROAD
MARSHALLS DRIVE
A45
WARTH PARK WAY
YORK WAY
B663
B663
A45
B663
THE BENEFITS - 32 hectare site focused on logistics and distribution development, adjacent to A45 and with easy access to main east west A14/M6 - Opportunity for hotel and other leisure use and light industrial unit development
A45
For further information, please contact: TIM BAGSHAW
DAVID BURROWS
Head of Investment tim.bagshaw@northamptonshireep.co.uk
Inward Investment Manager david.burrows@northamptonshireep.co.uk
Northamptonshire Enterprise Partnership Enterprise House, 30 Billing Road, Northampton, NN1 5DQ T: 01604 609 393 www.northamptonshireep.co.uk Funded by: