MIDAS Exceeds Annual Targets with over 3,000 Jobs Created by Projects in 2010-11 - MIDAS

MIDAS Exceeds Annual Targets with over 3,000 Jobs Created by Projects in 2010-11

Manchester’s inward investment agency, MIDAS, has today released its end-of-year figures, which show the agency has once again exceeded targets – supporting the creation of 3,182 new jobs across Greater Manchester in 2010-11.

The investment and development agency also helped to safeguard a further 1,521 existing jobs, bringing the total number of jobs created and safeguarded to 4,703.

The jobs were created through the handling of 77 successful projects of which, 34 were investments from foreign markets including US, Europe, India and the Middle East.         

Angie Robinson, chief executive of MIDAS, said: “I’m delighted with the results MIDAS has achieved in 2011-12. Despite a particularly difficult business environment, we have achieved, and indeed exceeded, our targets for the year. We’ve successfully attracted global investors including Etihad, BskyB, Camwood, Fine Lady Bakery and RBS – the first investment banking project into Greater Manchester.

“On the back of a severe economic downturn, investors have been more cautious about making location choices and have had to ensure that decisions taken are the most cost-effective for their business. Initiatives such as ‘Hello Manchester’ – which offers a low-risk route market for small businesses – have helped us to demonstrate that Manchester can meet the financial requirements as well as offering access to a significant talent pool and excellent connectivity to market.

 “Looking ahead, MIDAS has set itself ambitious targets for the coming year. The changes to the public sector landscape have seen a national contractor appointed to deliver inward investment UK wide and work with agencies on the ground, such as MIDAS. MIDAS will remain the key point of contact for FDI delivery in Greater Manchester and we are increasing efforts even further to attract investors into the area, particularly from target overseas markets and in sectors with high growth potential.

“There are some very exciting developments being brought forward including MediaCityUK and the Airport City Enterprise Zone which add weight to the local offer and allow MIDAS to work with partners to position Manchester on the global stage.”

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