Future of county’s inward investment agency is secured

instaffslogoA service that attracts companies and jobs to Lichfield, Burntwood and the rest of Staffordshire is to be secured for the future.

Staffordshire County Council is all set to bring the county’s inward investment promotion agency – InStaffs UK, in house.

Since the agency was formed in 1996 it has helped bring 320 new companies and more than 20,000 new jobs to the region.

However, the future of the service has been in doubt as funding has dried up in difficult times for public spending. But the continuation of the agency’s work has been secured thanks to the council’s decision.

Cabinet Member for Economy, Skills and Enterprise, Mike Lawrence, said the move was in tune with the times. He explained:

“Funding is increasingly tight and in partnership with our borough colleagues we have agreed to bring the service in house to maximise efficiencies while continuing to deliver the success story. This is about getting maximum value for every pound from the tax payer. It means we can gain extra value from an even closer integration with Staffordshire’s family of key economic development services.”

The move will see the InStaffs offices in Stafford town centre closed and the operations move into existing county council offices.

Cllr Lawrence added:

“This will dramatically reduce overheads like rent, lighting and heating and there will be management savings.”

The new service will continue to be guided by a partnership of representatives from the eight borough and district councils.

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