Northern Powerhouse delegation on trade mission to Asia
Delegation travelling with the Prime Minister to Singapore and Malaysia.
Companies and organisations representing the Northern Powerhouse are today travelling to Singapore and Malaysia as part of a trade mission with the Prime Minister and Business Secretary.
The first Northern Powerhouse trade mission is a further sign of the government’s commitment to creating a powerful economy in the north of England.
Representing turnover in excess of £10Bn, the Northern Powerhouse delegation will comprise of 62 northern companies who will get the chance to explore business opportunities in South East Asia.
City leaders from Greater Manchester Combined Authority, Manchester City Council and Leeds City Council will be present in Singapore today to meet the Prime Minister, David Cameron, at a business event.
It comes hot on the heels of an announcement from Petra Group – a Malaysian investor – who will create 90 jobs in the North thanks to a £12M investment in the region.
Petra Group is looking to develop a rubber recycling manufacturing facility in order to produce Green Rubber.
The Prime Minister explained the benefit of Petra Group’s announcement to the Northern Powerhouse.
He said: “The government is committed to ensuring the UK’s northern regions play their part in rebalancing our economy.
“With so much untapped potential, I’m delighted to be part of this first Northern Powerhouse trade mission – the first of what I hope will be many.
“Petra Group’s announcement that it will open its pioneering manufacturing to the North East of England, creating up to 90 jobs, is testament to the skills and expertise the North East has to offer.”
Companies involved in the Northern Powerhouse are seeing successes in business with FutureEverything securing a contract from the Singapore government and Cheshire-based Delamere Dairy supplying products to Singapore and Malaysia for a combined 13 years.
There are many more success stories for organisations involved in creating a strong Northern Powerhouse and Business Secretary, Sajid Javid, said this will be ‘key’ to rebalancing the economic growth.
He said: “Our long term economic plan seeks to rebalance growth across the regions and nations of the UK, and building a Northern Powerhouse will be a key part of this.
“This mission – the first of its kind – will demonstrate the strength of the northern regions, which are home to some of the most innovative companies and institutions in the world.”
With the aim of attracting overseas investment, other government officials will be at the mission, including the Minister for Trade and Investment, Lord Maude, as well as Anna Soubry, Minister for Small Business, Industry and Enterprise.
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