A lead generation campaign to market Torbay as a business location to US companies, led by Mayor of Torbay, Gordon Oliver and managed by the TDA is underway with the appointment of England Development Agency (EDA) LLC, a Boston based US development agency.
Since its start on July 1, the programme has already engaged with a number companies in the US, targeting key business sectors for Torbay, such as the advanced electronics, call centre, tourism and marine industry sectors, with the EDA currently in contact with a specialist electronics manufacturer, looking for opportunities to expand outside of the US.
As the campaign moves forward, EDA will be attending industry events in the US and meeting with prospective investors, while continuing the identification and targeting of ICT companies, and working closely with the Colorado Silicon Network which has good working links with Torbay account manager for the EDA, Bruce Gammill.
Leading the campaign, EDA Director Kathryn Ellis, has a sound knowledge of the investment opportunities in the south west and how they can relate to potential investors from the US. Having previously worked for Devon & Cornwall Development International and the South West Regional Development Agency – with specialism in the Advanced Engineering, Electronics and Aerospace sectors – Kathryn's background will be an asset to Torbay's strategy to attract US investment.
Mayor of Torbay Gordon Oliver said: "Strategic regeneration, economic growth and job creation remain the number one priority for this administration. This exciting project working with England Development Agency is another vital part of the inward investment tools that we continue to develop to make Torbay the stand out location for investment in the South West."
Kathryn Ellis said: "We are tremendously pleased to have been selected by Torbay Council via the TDA to work with them at such an exciting time.
"The new infrastructure developments such as the South Devon link road, the Torbay Growth Fund, sector strengths as demonstrated by the Torbay Hi Tech Forum, high skills and knowledge levels in the electronics and photonics sector are going to assist us greatly in promoting Torbay's offer and investment potential."
Torbay Development Agency Investment Development Manager, Jason Buck, said: "This is a major step in the delivery of our inward investment strategy that aims to raise awareness of Torbay as an attractive business location to targeted sectors of businesses. Early indications of the work EDA have carried out are positive and we expect the programme to generate 4-6 successful investment 'landings' over the two year duration."
The TDA supports businesses investing in the area through 'Torbay Touchdown'a soft landings programme for inward investors,, and the £1m Torbay Growth Fund which offers companies grants or loans to fund initiatives that create new jobs.
More information is available at www.torbaydevelopmentagency.co.uk/invest-in-torbay