UK Companies Look to Expand in Irvine
Wednesday, March 04, 2020
The Greater Irvine Chamber economic development team led by the organization’s Executive Vice PresidentLinda DiMario visited London in February for scheduled meetings with expansion-ready U.K. companies looking to grow in the U.S. This visit was an extension of the Chamber-led foreign direct investment initiative underway for the last three years.
The goal of this most recent visit was to illustrate to more life science and technology companies that Irvine/Orange County is a smart choice for the expansion of their company into the U.S.
“We have signaled to U.K. life-science and technology sectors that Irvine and its innovation ecosystem are serious about encouraging successful companies to build their businesses here. Several such companies from those sectors agree; they have expressed interest and commitments for U.S. expansion to Irvine,” DiMario said.
Five companies already committed to expanding in Irvine before DiMario and her team set off for London, and 28 meetings were held over the four-day visit with companies at various stages of expansion. During those meetings—held at the London offices of K&L Gates next to the iconic St. Paul’s Cathedral—two companies joined in committing to expand to Irvine. Based on what they learned about the city and the Irvine Gateway soft-landing program, seven companies expressed a strong interest in Irvine for expansion.
Qualified, expansion-ready companies have been invited to experience individual site visits in Irvine or attend the Irvine/Orange County Life Science Showcase, scheduled for Oct. 27-30. This showcase features Octane’s Medical Technology Innovation Forum, a healthcare and hospital engagement breakfast, tours of global life science and technology companies, tours and interactions with incubators and accelerators, a VIP dinner, the Irvine Gateway Reception with business leaders, and one-on-one meetings with Irvine Gateway experts on matters including taxes, legal, accounting, regulatory and reimbursement, tax credits and incentives, real estate, and VISA assistance – all decision-making items important for an expansion to the U.S.
The Chamber continues its collaboration with London & Partners, specifically the Mayors’ International Programme initiative; two of the U.K.’s most prestigious associations in the life science field: One Nucleus and the Association of British Healthtech Industries; the U.K. Department of International Trade & Investment; and TechUK. Ian Fuller, manager, OCO Global—the Chamber’s representative in the U.K.—arranged the appointments.
The Chamber was joined in the meetings by Irvine life science and technology experts who took time from their European business schedule to join the mission. Sesha Neervannan,Allergan; Carlos Oregon, Thinkbox Technology Group; Lynn Stewart, Cal State Fullerton-Irvine Campus; and Leigh Volkland, Edwards Lifesciences, joined DiMario and the Chamber’s Business & International Development Manager Jessica Yip to promote Irvine as an ideal location for innovation and growth.
For more information on foreign and domestic direct investment in Irvine/Orange County, contact Linda DiMario.
Category: Chamber News, Life Sciences, International News, Foreign Direct Investment, Economic Development