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New integrated trade and inward investment business support arrangements from April 2010

Companies across the East of England, and those looking to set up in the region, will benefit from new arrangements for fully integrated trade and inward investment business support from 1 April 2010. EEIDB Ltd has been selected as preferred provider for both the East of England Development Agency's (EEDA) inward investment activity and UK Trade & Investment's (UKTI) regional trade development activity - a move which provides the best possible support for the East of England and value for taxpayers' money. EEIDB Ltd, which has an excellent track record of providing business support and brokerage under the Business Link brand, will help foreign companies to set up and flourish in the East of England (through EEDA's £1.7 million inward investment grant) and support regional businesses looking to take advantage of huge exporting opportunities (via UKTI's trade grant worth around £2 million) from 1 April 2010. Richard Ellis, chair of EEDA, said: 'It's crucial that we continue to attract inward investment to the East of England, to create jobs and support businesses choosing to move to this great region. This is a key part of EEDA's package of support for businesses. 'That's why EEDA went through a competitive tender process - to appoint the best possible provider to fight this region's cause on a global stage, to attract much needed foreign investment, and to provide the best possible value for taxpayers' money.' 'With a new and integrated support offer spearheaded by EEIDB Ltd, EEDA will reduce back office costs and re-invest that money into front-line support for businesses.'

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Release date:  04 Jan 2010

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