Locate in Kent partners with UKTI

Kent’s business strengths are set to reach a wider audience after investment promotion agency Locate in Kent signed a landmark agreement with UK Trade & Investment.

The Memorandum of Understanding (MoU) will see Locate in Kent become UKTI’s sole point of contact in the county and is aimed at securing maximum levels of overseas investment for Kent.

Locate in Kent is one of only a few organisations across the country to sign an MoU with UKTI.

The investment specialists signed the deal in order to further bolster their working relationship after Regional Development Agencies – previously used as an intermediary between the organisations – were abolished.

Paul Wookey, Chief Executive at Locate in Kent, said: “The MoU will be of mutual benefit to us and UKTI and will lead to a much closer working relationship both in London and overseas than we already enjoy.

“The agreement gives us access to a pipeline of projects that may be suited to Kent and enable us to access UKTI expertise to hone our proposition to overseas companies.

“We can now also assist UKTI in providing more in-depth responses to leads they secure, presenting a more complete response to companies interested in relocating and expanding in Kent.

“The MoU is of particular relevance now as we continue to work closely with UKTI and other partner organizations to find buyers and occupiers for Discovery Park, the Pfizer site, which has recently gained Enterprise Zone status.”

A UKTI spokesman said: “Through signing this MoU Locate in Kent will gain access to the national pipeline of leads and a range of support from us for existing leads, including support for local proposition development and benchmarking; greater efficiency in targeting; and high level support.

“This offers Kent the opportunity to achieve greater investment from overseas and improve the county’s offer through more compelling local inputs and by better utilising existing knowledge of local assets and capabilities, which can be put forward to clients. It is also intended to ensure greater efficiency through optimising the use of collective resources such as sector intelligence and market understanding.”

Leave a Reply