Kent council leader opens trading on London Stock Exchange

  • 26 February 2013
  • From the section Kent
Grow for it launch at LSE
Image caption Kent County Council hopes the campaign will help to create up to 5,000 new jobs

Trading on the London Stock Exchange has been opened by the leader of Kent County Council as part of a campaign to get firms to move to east Kent.

Grow For It aims to promote the area as the best place to start or expand a business.

Paul Carter opened trading at the London launch of the campaign.

Interest-free loans totalling £35m are being offered and Kent County Council hopes the programme will help to create up to 5,000 jobs.

The council and Seven Hills Communication Group, which is behind the campaign, said office rental in east Kent was up to 80% cheaper than in London.

'Drive and resourcefulness'

Wages were on average more than 30% lower than in the capital, they added.

Mr Carter said: "We want to wake up Londoners to the unique opportunities that the east Kent economy presents to them, as well as a very attractive, low cost area to live in."

Business minister Michael Fallon, who was also at the launch, added: "East Kent is out in front as an area that is delivering on the potential of the Regional Growth Fund.

"I have had the chance to see for myself innovative, world-leading manufacturing companies such as HV Wooding and Aeromet, which are benefiting from the Regional Growth Fund to grow and create new jobs.

"The region has the drive, resourcefulness and companies to thrive in the coming years, and demonstrates why it's so important that areas such as east Kent are given the influence to determine their own economic future."

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