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Northwest Regional Development Agency (NWDA) Targeting Indian
Ms Tanaz Buhariwalla
Nov 2009
Nov 2009
Page 1 of 4
The Northwest Regional Development Agency (NWDA), a UK government organisation is targeting Indian SMEs to set up their units and offices in England's North West.
The Agency is providing free and confidential essential market intelligence, advice and support on statistical, legal, tax, property and recruitment issues for any company looking to locate in England's NW with relevant advisory services on availability and costs of sites and premises, financial assistance and grants, networking opportunities with potential supply-chain partners and introduction to other business professionals and organise 'briefing' visits for key business professionals amongst others.
“All this has led us to having one of the UK's strongest track records in assisting both large-scale companies and SME's irrespective of the sector they belong to,” says Ms Tanaz Buhariwalla of NWDA and adds “as NWDA has a successful track record in assisting companies recruit suitably qualified personnel, We continue to work with our existing investors, helping them grow not just nationally, but also help them tap in to newer markets (especially Europe and the US/Canada)”.
Recognising the potential of the Indian market and the Indian businessman's appetite for globalisation, the NWDA have a dedicated resource based within the British High Commission office in Mumbai. Tanaz travels across India and meets, advises and supports every Indian company looking to set up an office in the Northwest of the UK. Working with her colleagues in the region, she is presently involved in various stages of discussions with over 40 Indian companies, most of them SMEs. The NWDA has also seconded a private sector player Daniel Charles Mouawad (previously CEO of pro.manchester:UK, National Advisor on the Chanceloor's Financial Services Sector Advisory Board and the Chairman of the UK's Institute for Economic Development) to advise and mentor companies Tanaz works with.
To make it easier for SME's to take the first step towards having their UK/European office, the NWDA have created a soft landing offer for Indian companies.
• One of the offers includes an arrangement with the Manchester Science Park, where we offer free desk space for 3 months to Indian companies wishing to set up in the Northwest. At the end of the 3 months, the company has the option to renew the contract at Manchester Science Park at a special discounted rent for a further 9 months. Over recent months, the NWDA have worked closely with serviced office providers to offer potential investors into the region an attractive package which include:-
• A free desk in a shared office space for 12 months at Avanta. The only cost to the investor will be a monthly “services” payment of £69 to cover broadband, phoneline etc. There is also a 20% discount for tenants taking further space after/during this time.
• A 3 month rent free package to potential investors in a shared office set-up at Regus. This offer is available between 9am and 5pm, 5 days per week.
• Bruntwood will offer up to 3 months rent-free on serviced office space across their Manchester locations.
Other service/ office providers across the region are also being roped in to provide meaningful support to Indian investors.
The Thriving Northwest Region
The Northwest region of the UK has a thriving £111 billion economy, a population of nearly 7.1 million people and 230,000 successful businesses. The economy is bigger than 15 EU countries, and is home to the internationally renowned cities of Manchester and Liverpool (Manchester was rated 2nd behind London in 2007 UK Cities Monitor of best UK city to run a business, Liverpool rated 9th). Other cities in the region include Preston, Bolton, the very scenic Lake District, Warrington, Wirral amongst others.
Presently over 2,200 foreign direct investment businesses operate in the Northwest.
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