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
Highly competitive for businesses
The area is home to world leaders in aerospace, engineering, electronics, food and agri-business.
Two UK top 20 universities within an hour, offering direct access to world class teaching, learning, research and innovation in Norwich and Cambridge.
Excellent transport links
Excellent transport links, including direct rail service to London King’s Cross, as well as easy access to Norwich and Stansted airports.
First class business support and aftercare service provided by the Borough Council’s Economic Development team
Quality of Life
West Norfolk has stunning coastline and countryside, a range of housing options and numerous entertainment facilities to help attract and retain staff
Leading sectors in West Norfolk
% Jobs in West Norfolk
% Jobs in UK
Distribution, Hotels & Restaurants
Transport and Communications
Finance and other business activities
Public Admin, Education and Health
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.