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Drugs company to create jobs
A pharmaceutical company in Mildenhall is more than trebling its staff over the next three years after working with UK Trade and Investment (UKTI)
The Indian owner of Nestor Pharmaceuticals, which makes and exports prescription drugs, is to increase the number of employees in Mildenhall from 30 to 100.
"Our Mildenhall facility gives us access to local manufacturing expertise, flexible packaging solutions and excellent transport links," said Nestor director Kamlesh Patel.
"Nestor is not only growing its product portfolio, but also increasing its customer base in the UK, Europe and West Africa, which allows us to put further investment into the facility."
The firm has been working with UKTI and the East of England Development Agency (Eeda) since 2005, the two bodies helping Nestor build up relationships and establish itself in the UK.
Its growth is one of a number of success stories that have been revealed by UKTI, which announced foreign investment had created or safeguarded 14,566 jobs across 92 projects in the East of England over the last year.
The region also secured 11 research agreements between commercial organisations and universities or research centres.
Deborah Cadman, chief executive of Eeda, said: "These figures confirm that the East of England is a magnet for overseas investors and businesses alike.
"The East of England Inward Investment and Investor Development teams have worked hard to secure and retain foreign investment in our region through their expertise, international networks and detailed regional knowledge. This, combined with other business support services in the region, makes the East of England an ideal location for global enterprises.
"The secret of our continued success includes our transport links to London and the rest of the globe, world-class universities and the top R&D centre in Europe, which is supported by the largest venture capital funding base in the UK outside London. All these great attributes mean the East of England is rightly known as the UK's most innovative region."
Sir Andrew Cahn, chief executive of UK Trade & Investment, said: "UK Trade & Investment is committed to attracting high quality investment into the East of England, which is so important for the UK's economic recovery."
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Weather for Bury St Edmunds
Wednesday 23 May 2012
Today
Sunny spells
Temperature: 11 C to 24 C
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