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InvestSK says 500 jobs are set to be created in South Kesteven

About 500 jobs are set to be created by new or growing companies in South Kesteven.

The figure was revealed by Steve Bowyer, the chief executive of the InvestSK development agency, at a meeting with employers last week.

Mr Bowyer, told the Mercury afterwards that InvestSK is working to help 100 companies and 40 of them are looking to expand within or relocate to South Kesteven. Together, these 40 companies would create 500 jobs.

SKDC leader Kelham Cooke sets out his economic vision (21927375)
SKDC leader Kelham Cooke sets out his economic vision (21927375)

“We need to find the solutions for them. We need to make sure we have land and property available to develop.”

Mr Bowyer says some of the 40 already have a presence in the district, with others looking to move here, but most are local firms looking to expand.

He said: “It shows we have strong economic confidence locally. South Kesteven has always had fantastic assets like being next to the A1 and the East Coast Line, affordable property and a good workforce. The assets are there and what we are able to do is meet with the businesses and help them to achieve growth.

“The growth covers so many businesses, across different sectors like agriculture, agritech, digital, manufacturing, professional services, logistics. That reflects the South Kesteven economy. It is so diverse.”

Last week’s Insider’s South Kesteven Economic Forum was arranged with Business Insider magazine, since the publisher has access to top bosses across the East Midlands and allows InvestSK to promote the district.

Speakers included Kelham Cooke (Con), leader of South Kesteven District Council.

The meeting heard that SKDC has sought to spend £40m to help unlock £1.2bn of investment across the district over 20 years, creating 10,000 jobs and 14,000 homes.

One of the projects involves InvestSK working with Burghley Estates on a joint industrial and housing scheme at the former Cummins site in Stamford.

But Coun Cooke told the gathering at Marston, near Grantham, he was “reflecting on some of the ambitions set out by the previous administration I was part of”.

He added: “The scale of ambition is still there; it is to grow the economy in partnership with businesses. But I won’t reiterate today the figure of £1.2bn. We’ll review that and come back to it.”

l A district council meeting this week discussed the transparency of InvestSK.

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