MIDAS rated excellent in global benchmarking survey

02/07/2009 - Manchester

MIDAS, Manchester's inward investment and development agency, has been singled out for its excellent performance in a world ranking of investment agencies.

The Agency is one of just eight Investment Promotion Intermediaries (IPIs) out of 213 to be acknowledged for excellent performance in the respected Global Investment Promotion Benchmarking (GIPB) review.

The GIPB 2009 review, undertaken by the Foreign Investment Advisory Service (FIAS), is the second in a series of biennial reviews investigating the investment promotion capabillities of IPIs worldwide and includes the assessment of 213 IPIs globally.MIDAS, along with Copenhagen Capacity, Scottish Development International, Invest Queensland, Think London, Stockholm Business Region, Invest in Bogotà in Columbia and Invest Hong Kong were noted as the world’s most innovative and customer-focused sub national IPIs because they deliver uniquely detailed knowledge of their area and its assets and advantages.

The MIDAS website designed by the team here in Manchester scored 80%, against a regional average of 86% and best in world average of 89%. Overall, MIDAS scored 81%, representing a very stong performance.

Colin Sinclair, chief executive of MIDAS, said: “ We're obviously very proud of the fact that MIDAS has been internationally recognised as one of the best performing investment agencies. Our hard work in converting inquiries into investments has ensured that we beat our targets by creating and safeguarding 4,735 jobs and attracting more than 80 UK and foreign direct investments in the City Region in 08/09."

You can read the article in full on the MIDAS website.