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Ipswich is ranked in the top ten places in Europe for future investment alongside Amsterdam and Zurich

06:00 22 February 2016

Wish you were here? Greater Ipswich is in the same league as Zurich - shown here - according to new investment survey.

Wish you were here? Greater Ipswich is in the same league as Zurich - shown here - according to new investment survey.

Archant

The Ipswich area is one of the top ten places to invest in Europe – alongside places like Amsterdam, Zurich and Helsinki – according to a major new survey by one of the continent’s most respected business groups.

UCS Ipswich WaterfrontUCS Ipswich Waterfront

The Foreign Direct Investment Survey of “Small European Regions” puts Greater Ipswich – the area within a 15-mile radius of the town – as being in the top ten places on the continent for future investment.

The survey is published by the Financial Times, and is seen as one of the most influential documents for businesses looking for investment sites.

It says that the Greater Ipswich area offers good value for investors – and it is ideally placed for investors looking to develop in the long term.

Probably not since Ipswich Town won the UEFA cup under Bobby Robson’s management in 1981 has the area’s stock been so high on the continent.

The town has good links with Cambridge and London, which are both seen as major investment magnets, and is in the East of England which is seen as one of the “Regions of the Future” in the same survey.

Ipswich council leader David Ellesmere said the inclusion of the town in the survey followed on from Ipswich’s visit to the MIPIM business exhibition at the end of last year – a gathering of investors from across the world in London.

He said: “We had a great deal of interest there including the team who were putting together the survey.

“This is very important to us because it is bringing the strengths of Ipswich to a wider audience, and the kind of people looking at where to invest.

“There are many opportunities in the area: the Waterfront, the sugar beet site, Futura Park, and the Grafton Way site that is still owned by Tesco.”

Ipswich MP Ben Gummer said the survey showed that the town’s success was being noticed around a wider area. He said: “I am delighted that we are getting our message out there to people who are looking at future investment possibilities.”

In the past Mr Gummer has described the East of England, and the Ipswich area in particular, as “The California of Europe.”

He said now: “When I made the comparison with California there were a few smiles, but the fact is that what is happening here is being noticed and we could be at the start of something really good.”

Ipswich Central chairman Terry Baxter also welcomed the news. He said: “This is very welcome recognition of the work of the Ipswich Vision Board and the co-ordinated approach this town is taking in presenting itself to prospective investors, employers and developers from around the world.

“To be included in the FDI Awards within a year of launching the ‘Vision’ for Ipswich and setting out our agenda for change shows that people are sitting up and taking notice, not only in the UK but beyond.”

14 comments

  • Greater Ipswich? In other words, no one is going to touch the town centre with a barge pole. It's that old "DoughNut' developement again, the ones with a great big hole in the middle.

    Report this comment

    Gobby

    Tuesday, February 23, 2016

  • John ask yourself how Ipswich got to that "low point " in the first place ...answer by the same people who are still in charge and have been for the past decade or so ..Ipswich needs to be able to expand naturally and have a say on future outskirts developments, also promote the whole Greater Ipswich area not just one niche market...(waterfront)... it's all there but sadly we are forced to accept yet more vanity projects that really are a backward step.

    Report this comment

    deeber

    Tuesday, February 23, 2016

  • An amazing amount of negative talk in here? Shouldn't we be recognising that others in the investmentbusiness community see the Ipswich area as having great potential. There is no point in moaning about the past, or even the current situation. As someone who currently lives in Cambridge but works in Ipswich for a fast growing business, I welcome the optimism of a report like this. The town is starting from a low point so have a brilliant opportunity to grow fast and make a mark. This will all revolve around the business community having incentive to move to the area but cohesion between council and business must be in place. Flexibility of council decisions and their willingness to dare to succeed will be the driver.

    Report this comment

    John McLaren-Stewart

    Tuesday, February 23, 2016

  • Is this a joke? Ipswich certainly needs investment, but it's almost got beyond the stage when it can be saved & successfully re-developed...there's so much been poorly planned over so many years...as can be starkly seen in a walk around the dying town centre. Very sad really. But it's difficult to see how this report will fool anyone.

    Report this comment

    The Main Man

    Tuesday, February 23, 2016

  • The devil is in the details. 15 miles radius of Ipswich! If you took Felixstowe (Docks) out of the equation...

    Report this comment

    Ipswich Entrepreneur

    Monday, February 22, 2016

  • I fully expected to see loads of hype related to our 'staying in the EU' !......many people know that we pay into the EU far more than we get out in the form of Investment !....but hey ho !...as the Referendum draws nearer....the more and more hype we'll get !....I myself have heard and seen enough since 1972 about the 'Uneconomic' Common Market !..they dropped the word 'Economic' when they found out it wasn't !....all the money that Britain has to pay to be a member of a 'Failed Political Club' (gravy train)....could be invested in Housing, Schools, Transport Infrastructure..not forgetting our beloved NHS !.and we would still have some over !..

    Report this comment

    freedomf

    Monday, February 22, 2016

  • A west..thanks ...this website has been all over the place of late ..I regularly write in a national paper and they confirm immediately that your comment has been logged ...If the star took time to improve their comments section it might improve the paper somewhat...we only have a couple of ways we can make our feelings known to councillors and officials and the freedom to air our views is very important... Councillors read this section as has been proven in the past, so please Ipswich star - Eadt improve the comments section thank you ..

    Report this comment

    deeber

    Monday, February 22, 2016

  • Deeber your comment never appeared why bother to take the trouble to give your views when the star took it down although you say you agreed with the last comments, strange old world. No comment from me other than ipswich is a 5 star dump with a paper that supports the odd council we have, and thinks the town don't deserve a Football Team.

    Report this comment

    a west

    Monday, February 22, 2016

  • I totally agree with Mark and hopefully my comment will appear !!!

    Report this comment

    deeber

    Monday, February 22, 2016

  • Just to add that GreaterIpswich. Org was also first to raise and question the disparity in representation at the New Anglia LEP. Prior to our intervention, Ipswich, Felixstowe & Martlesham had just a single voice at the LEP board table. One from fifteen was an insult to our people, businesses and economic size. We are the biggest economic zone in Suffolk & Norfolk, yet with Suffolk County Council not interested in our area, Norwich somehow had 7 from 15 ! There are now 3 board members from Greater Ipswich, and we understand soon to be four. And with the importance of Greater Ipswich, we wont stop lobbying until Greater Ipswich has equal status to Norwich.

    Report this comment

    Mark Ling

    Monday, February 22, 2016

  • Oh how boring you are getting Mr Geater , the article speaks about" greater Ipswich" not "geater Ipswich" that just concentrates on the waterfront !... For years lots of distinguished investors and leading businessman have been shouting that" A greater unitary Ipswich" could command real investment and get notoriety..Sadly whilst other close by towns have flourished Ipswich lagged behind because of poor vanity leaders...Proof is now here that Mark lings Idea for a "Greater unitary Ipswich" is spot on and if we include the likes of Martlesham and felixstowe in this programme instead of the very narrow minded "Ipswich waterfront vision group" then prosperity is possible.Starting with a northern bypass , instead of a silly part time bridge and just like the euro debate it's time we had a very sensible discussion on whether we plod on with the warring old establishment.. SCC ,IBC, Ipswich central ltd and others that just continually waste money on projects like Ipswich travel or create a real alternative and seek that 15 mile radius investment in a Greater Unitary Ipswich...one coherent authority working for a much wider area and not concentrating just on the Ipswich waterfront..

    Report this comment

    deeber

    Monday, February 22, 2016

  • Just to add that GreaterIpswich. Org was also first to raise and question the disparity in representation on the New Anglia LEP. Prior to our intervention, Ipswich, Felixstowe & Martlesham had just a single voice at the LEP board table. One from fifteen was an insult to our people and businesses. Norwich had 7 from 15, even though our economy is bigger ! There are now 3 board members from Greater Ipswich, and we understand soon to be four. And with the importance of Greater Ipswich, we wont stop lobbying until Greater Ipswich has equal status to Norwich.

    Report this comment

    Mark Ling

    Monday, February 22, 2016

  • Just to add that GreaterIpswich. Org was also first to raise and question the disparity in representation on the New Anglia LEP. Prior to our intervention, Ipswich, Felixstowe & Martlesham had just a single voice at the LEP board table. One from fifteen was an insult to our people and businesses. Norwich had 7 from 15, even though our economy is bigger ! There are now 3 board members from Greater Ipswich, and we understand soon to be four. And with the importance of Greater Ipswich, we wont lobbying until Greater Ipswich has equal status to Norwich.

    Report this comment

    Mark Ling

    Monday, February 22, 2016

  • This is exactly what we at GreaterIpswich. Org have been saying for many years. We have been highlighting and seeking to raise awareness of the importance of this £8bn pa Ipswich centred economic zone. Contrary to some, this success was not built or achieved overnight, but was built on and around Ipswich's infrastructure, gravity, workforce; and with foundations laid in the 1960s and 1970s. Key decisions were taken at that time when Ipswich area had some clout, that are benefitting all Suffolk now. Equally so, decisions taken now, will shape the future prosperity of this area. And this is where we see huge danger for this vitally important area. Not a single Suffolk County Council cabinet member is from Ipswich, Felixstowe or Martlesham. Our area goes with lengthy periods of no representation at all. All long term strategic decisions shaping the next 40-50 years are being taken by unaccountable politicians with no local vested interest in Greater Ipswich or the Orwell corridor. Equally SCDC and Waveney are seeking to merge, meaning that direction and outlook for a massive chunk of the Orwell Corridor will be driven by and from Lowestoft. We believe that Ipswich, Felixstowe, Martlesham and the Orwell Peninsula should be collaborating, working in partnership, talking with one voice, one direction, one ambition, to nurture the great legacy we have inherited.

    Report this comment

    Mark Ling

    Monday, February 22, 2016

The views expressed in the above comments do not necessarily reflect the views of this site

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