Did Brexit uncertainty scupper major Chinese investment decision to opt for Holland and not Fenland? Quite likely says council report
- Credit: Archant
A potential major investment by the Chinese into the Fens has been scuppered partly by uncertainty over Brexit, says a report by Fenland District Council.
Councillor David Oliver, the portfolio holder for growth, told council colleagues that the Chinese interest had stalled and now gone elsewhere.
“A significant Chinese investment has opted for a warehouse in Holland rather than the UK,” he said. “Their European customers are concerned about continuity of deliveries from the UK, in part due to the uncertainty created by Brexit.”
Cllr Oliver’s report was presented along with news that in December there had been other inward investment inquiries.
“One significant new inquiry identified is from an investor looking for 60 new prominent sites per year,” he said. “The inquiry is hoping to identify sites in Fenland that could be in town, edge of centre or out of town locations, with main road frontage with strong pedestrian or traffic flow.”
You may also want to watch:
He said the investor was looking for unit sizes of between 14,000ft2 and 26,500ft2, stand-alone units on 1.5 acres plus.
Cllr Oliver said: “Two further inquiries have been received, one from an existing farming business who is looking for funding to reduce production costs and carbon foot print.”
- 1 Woman escapes unharmed after car and bus B1101 crash
- 2 'Numerous cars' in roundabout crash
- 3 Lidl lists Cambridgeshire locations for ‘potential store development’
- 4 ‘I’m tired of being fobbed off’ says customer of Wisbech builder
- 5 Family tribute to grandfather killed in A1123 crash
- 6 Mum overwhelmed by support for 'angel gowns' project
- 7 Uber-style app could mean doorstep bus pick up
- 8 Tributes paid to 'much loved' Gabija killed in A605 crash
- 9 Wife's tribute to husband killed in B1101 Elm Road crash
- 10 14-year-old footballer's 'dream' comes true after securing England trial
The other inquiry was from a start-up business, looking to launch in Fenland.
“Advice was provided regarding a new business support programme and potential funding available,” said Cllr Oliver.