Tilburg, February 17, 2022 – The 53 foreign companies that established in Brabant last year marks a slight rise over the record level of 50 in 2019. This figure demonstrates that the province has made a complete recovery from the 2020 Covid-related low of 35. Companies view Brabant as a strategic region in terms of further optimizing value chains in the European market. fDi Intelligence cited the manner in which Brabant is capitalizing on the decentralization trend as one of the reasons it was awarded the Strategy Award for Mid-Sized Regions 2022/2023.
Globally, winning this biennial competition, which is run by the Financial Times-owned fDi, is considered a validation of a market-oriented internationalization strategy, a strategy that the Brabant Development Agency (BOM) oversees in Brabant.
"The fDi Award affirms the course that we adopted in 2014," said Eelko Brinkhoff, Manager Foreign Investments at BOM. "That chosen path entailed us focusing in full on the unique product-market combinations available in Brabant, such as high tech systems and materials, agri-food, and life sciences and health, together with a focus on top innovation regions around the world." In the last year, the Agency's in-depth sector studies, which have been highly regarded internationally, as well as the actions in response to Buck Consultants International's report on reshoring were pivotal in that strategy. BOM moreover assisted international companies to become more sustainable, with the Coca Cola factory in Dongen serving as a great example of those activities.
Key figures for 2021
Prior to the de facto withdrawal of the UK from the EU, Brexit caused barely a ripple with respect to projects launched by foreign companies in Brabant. The Amsterdam metropolitan region was the setting for the largest Brexit-related migration of companies, especially those that had to remain domiciled in the EU because of the passporting system and active in finance, legal, media, and data or connected to the EMA (European Medicines Agency). However, towards the end of 2020, and in the first quarter of 2021 in particular, the number of leads for companies looking to move to Brabant as a result of Brexit skyrocketed. Most of these were in the fast-moving consumer goods market and logistics activities predominated. Over the course of the remainder of the year, the effects of Brexit gradually slowed.
Entrepreneurship is the driver of change. From sustainable food sources to a healthy future, climate-neutral energy, and developing promising key technologies – the Brabant Development Agency (BOM) ensures that startups in these fields get off to a flying start and grow into scaleups, that the right facilities are always available to Brabant-based companies, and that companies that aspire to go global can actually do so. Over the last four years BOM has worked with over 600 companies to achieve such an impact | www.bom.nl | www.brabantisbright.nl | prestaties.bom.nl
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