INVEST IN KING’S LYNN & WEST NORFOLK
King’s Lynn and West Norfolk – the location for investment
The King’s Lynn and West Norfolk area offers a cost effective base for business, as well as opportunities for growth and expansion. The area is already home to world leading businesses, such as Bespak, British Sugar, Cooper Roller Bearings, Dow Chemical Company and Quorn Foods.
As well as a high standard of living, and good transport links, the region has a highly adaptable and skilled workforce, with a competitive gross weekly wage rate of £480 (95% of the national figure).
Five key reasons to invest in King’s Lynn and West Norfolk
Leading sectors in West Norfolk
|Sector||% Jobs in West Norfolk||% Jobs in UK|
|Distribution, Hotels & Restaurants||25.9||23.4|
|Transport and Communications||3.3||5.8|
|Finance and other business activities||11.7||22.0|
|Public Admin, Education and Health||29.4||27.0|
Sectors with high growth potential
Food manufacturing, agri-tech and agribusiness
Local employment: 13%
National employment: 9.4%
This sector takes in the whole food supply chain from production through to processing and distribution, including machinery and technology. This area is home to a number of leading businesses.
Advanced engineering and hi-tech manufacturing
Local employment: 5.1%
National employment: 3.8%
This industry includes manufacturing, engineering, and associated research and development. This sector has the potential to boost the area’s GVA and productivity, especially through export growth.
Local employment: 8.4%
National employment: 8.2%
There are 4,200 jobs in this diverse sector, which includes accommodation, tourist attractions, sports, bars and restaurants. With an estimated value of £428m per annum, King’s Lynn and West Norfolk‘s tourism sector has many opportunities to expand and develop.