Enterprise zones are pushing the UK ahead of global competitors and attracting overseas investment, according to the government’s communities secretary, Eric Pickles.
The latest investment, which comes from Swedish company Haldex, will be based at the MIRA technology park enterprise zone in Nuneaton, creating 44 jobs and growth for the local economy, he said.
Haldex, a Swedish manufacturer of automotive safety systems with annual net sales of nearly £400m, is to create its European technical centre at the MIRA enterprise zone, consolidating its European research and development operations into the UK.
Pickles said: “When international companies like Haldex invest here it shows we have got our offer right. Every 20 seconds a car, van, bus or truck rolls off a UK production line and enterprise zones like MIRA are magnets for the global motor industry with the best international businesses choosing them as their home.
“This is just the beginning – enterprise zones are at the heart of our long-term economic plans. They are already making a big difference, attracting increased investment to the UK – half a billion pounds so far – and creating over 4,600 jobs in just a year and a half.”
Secretary of state for business, Vince Cable, added: “The British car industry is a big national success story. This year it has attracted more than £2.5bn of investment and created 5,000 jobs. Haldex’s decision to base its European technical centre at MIRA shows we are an attractive place for international companies to do business.”