The East of England Development Agency (EEDA) has opened an office in Silicon Valley in an attempt to lure technology firms to the region.
EEDA and Invest East of England have opened the office in San Joses International Business Incubator complex to attract greater hi-tech investment into the region and help its own businesses develop and trade in new markets in the US.
The value of goods exported from the East of England to the US is more than £3bn a year, in an economy worth £82bn pa.
Bill Samuel, EEDA’s chief executive, said: “The Greater Cambridge area with its established cluster of ICT and biotech companies is already known as ‘Silicon Fen’ and across the region there are many examples of businesses in these sectors which are located in areas such as Ipswich, Norwich and Luton.
“By opening this office, in addition to attracting new inward investment, we want to be able to support our existing businesses as they seek to break into lucrative US markets.”
EGi News 10/07/02
