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Invest in Fife’s success continues

A REPORT on the results and activities of Invest in Fife during 2010/11 was presented to the Enterprise, Environment & Transportation Committee on Thursday, 2 June.

Invest in Fife have proved their outstanding success by securing 951 jobs, compared to their annual target of 500 per annum, and increasing investment in the Fife Economy by £81,000,000. This is excellent progress following a period of national economic uncertainty.

Invest in Fife supports the Fife Economy Partnership objective of "Fife being the easiest place to do business" by providing improving local conditions for sustainable economic development and growth, and is helping Fife Council towards its aim of being the leading green council in Scotland. Working alongside Scottish Enterprise and Scottish Development International has given additional credence to their activities.

An end of year report revealed that 60% of their enquiries related to the renewable energy sector. This reinforces the need of focussed activity on key industry sectors, and emphasised the importance of development of Invest in Fife Renewables which focuses on the renewables and low carbon sectors, At a time where commercial development remains slow across the country, Fife has outperformed other areas.

Councillor Tony Martin, Strategic Chair: Environment, Enterprise & Transportation Committee said “This report reinforces the outstanding success of Invest in Fife and the importance the initiative has to the economic development of Fife. They will continue to work with other agencies to promote Fife’s unique capabilities and opportunities in order to generate more enquiries and ultimately more jobs and investment in the area”.

Invest in Fife successfully assisted in major investments made by Amazon, Shepherd Offshore, Fourstones Paper and BiFab. In the case of Amazon and BiFab it demonstrates the importance of Fife Council and Scottish Enterprise’s continued investment to ensure a development pipeline in strategically important areas in Fife.

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