Charnwood was visited by representatives of the Jianyang Municipal Government in China on July 30 and 31 as overseas interest in developing links for economic development and investment purposes has grown in recent months, following a visit to Loughborough College.
Areas of potential for collaboration include aerospace, high-end equipment manufacturing, the energy and intelligent automobile industries and tourism.
A Memorandum of Understanding has been drafted between the Council and the Jianyang Municipal Government, which sets out the framework in which the two authorities can work together to promote and encourage trade, investment, cultural links and tourism between the two localities. In particular they will work to develop projects that promote business and educational links and the sharing and development of research, skills and technical expertise.
Cllr Jonathan Morgan, leader of Charnwood Borough Council, said: “I’ve always said Charnwood has a lot to offer business at home and abroad so I am delighted that Cabinet recently agreed to sign a memorandum of understanding with the Jianyang Municipal Government in China as we look to encourage trade links overseas.
With our central UK location, world-class university and a global reputation for science and innovation, Charnwood is a prime commercial location.
However, we need to make sure we are appearing on corporate radars and one way of doing that is by building links with authorities in other countries, as we are doing in China.”
For more information on the proposed plans, you can read the Memorandum of Understanding from the Cabinet meeting on July 5.