£12m invested in Stockport, says council

STOCKPORT Council says the borough has attracted £11.8m of investment during the past year, creating 900 jobs.
 
Fibrestar Drums, which makes drums for the pharmaceutical and chemical industries, moved to new headquarters in Hazel Grove, while internet holiday company On The Beach, and specialist lender Blemain Group took premises in Stockport after moving their operations from Didsbury and Manchster city centre respectively.
 
In addition, Jacobs Engineering stayed in Stockport but moved to Park Square, Cheadle Hulme, and catering equipment supplier Stephenson’s expanded by investing over £500,000 in neighbouring premises.

Councillor Iain Roberts, executive member for economic development and regeneration, said: “Investment on this scale confirms Stockport’s strength as a key business location, and that the borough continues to thrive despite the prevailing economic conditions.”

Baron Frankal, director of economic strategy at the New Economy think tank, said: “Stockport is a major asset to Greater Manchester’s economy, with a high level of skills amongst its residents, excellent housing options and good proximity to central Manchester.
 
“It also has an excellent train links, making it less than two hours away from London. Stockport based businesses are optimistic about increasing their turnover and productivity levels over the next few years.”