SOUTH Derbyshire has been named as one of the best locations in the country for attracting inward investment and creating jobs.
The district’s expanding economy and ever growing potential is heralded by the specialist publication the Municipal Journal.
South Derbyshire was ranked in second place nationally for its levels of business activity and capacity for accommodating new companies.
South Derbyshire, which has around 5,000 firms, has attracted three quarters of a billion pounds in inward investment over five years. This includes The Pipeworks mixed use development in Swadlincote.
In the last 18 months alone, major announcements included the creation of 100 jobs at Futaba, in Foston, 200 at Euro Car Parts, in Swadlincote, 425 at Nestle in, Hatton, and 1,500 at Toyota, in Burnaston.
Unemployment of 2.2 per cent is the second lowest in Derbyshire, well below the national average of 3.8 per cent.
Frank McArdle, chief executive of South Derbyshire District Council, said: “This is yet another sign of how South Derbyshire is well and truly open for business.
“We are enjoying a growing reputation for offering serviced sites and premises at competitive prices. Sites such as Hilton Business Park and Tetron Point have extensive land available to accommodate new developments of all sizes.
“Many of our companies are flourishing, demonstrating how South Derbyshire is bucking the trend, even in the difficult economic climate.”