Global review praises ‘excellent’ Midas

Midas, the inward investment agency for Manchester, has received an 'excellent' rating in the Global Investment Promotion Benchmarking (GIPB) review of such agencies which is published every two years.

Headed by Colin Sinclair, Midas was one of eight investment promotion intermediaries out of 213 to be acknowledged for excellent performance.

Others to receive the same top mark were Copenhagen Capacity, Scottish Development International, Invest Queensland, Think London, Stockholm Business Region, Invest in Bogotà in Columbia and Invest Hong Kong.

The review said these were 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 review index, which compares all IPIs, found that Midas' handling of manufacturing inquiries scored 93%, against a regional average of 55% and best in world average of 86%. The agency's website scored 80%, against a regional average of 86% and best in world average of 89%. Overall, MIDAS scored 81%.

Sinclair 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."

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