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11 - Mayor attends business opening

IPG official launch resized
From left to right: Mayoress Zabeda Khanam, the Mayor of Dudley Councillor Mohammed Hanif and from IPG, David Donohoe (office manager), Bhabinder Kumar (head of retail), Duncan Pritchard (managing director)

The Mayor of Dudley cuts the ribbon at a special event to mark the official opening of the first business to relocate as part of the DY5 initiative.

Councillor Mohammed Hanif today (April 11) visited the new premises of Insurance Protector Group (IPG) as they officially launch their new office space in Quay House on the Waterfront.

IPG is one of the country’s leading insurance brokers and is first business to relocate as part of Dudley’s new DY5 Business and Innovation Enterprise Zone.

The growing business employs 27 people but has ambitious plans to more than treble its workforce in the next five years and has chosen the Waterfront as the best location to expand.

In the last 12 months the business has developed a close working relationship with Stourbridge College to recruit five new apprentices and has big plans to recruit an additional 10 apprentices as the business expands.

Councillor Mohammed Hanif, the Mayor of Dudley, said:

“I would like to thank IPG for asking me to be part of their special event. It’s particularly great to see the work they are doing to help young people get into work and the positive impact of being part of an ambitious and growing business.  I wish the business and all the staff the very best moving forward.”

Bhabinder Kumar, head of retail at IPG, said:

“Today marks the start of a new chapter for us at Insurance Protector.  Being part of DY5 has given us the confidence and opportunity to expand and we’re very keen to drive forward our business and create new employment opportunities, including those for young people.  

“Providing apprenticeships is a big part of what we do. We believe it’s really important to give young people the opportunity to learn the business from the ground up and gain vast amounts of experience and knowledge that will give them a good grounding as they move forward in their career.”

Earlier this year, Dudley Council, Black Country LEP and West Midlands Combined Authority were given the green light to launch DY5 - Dudley’s Business and Innovation Enterprise Zone.

As a DY5 tenant, IPG will benefit from up to £55,000 business rate relief for five years.  Its new office is an open plan 8,000sq ft office, which they have signed up to occupy for a minimum of five years.

Any other businesses interested in relocating to DY5 or finding out more information can contact the DY5 team on 01384 812001 or email info@dy5enterprisezone.co.uk

Further details can also be found at www.dy5enterprisezone.co.uk

DY5 will officially launch on May 12.

Further details about IPG can be found here: http://www.insuranceprotector.co.uk

Ends

Notes to editors

Key facts about DY5:

  • It aims to become the high tech office hub of the Black Countries industry connecting advanced manufacturing to industrial sites via a new Metro link to Birmingham

  • The zone was awarded because of the significant amount of vacant office space at the Waterfront.  There is 18,000 m2 of low cost, high quality office space now available for rent with all of the incentives of an Enterprise Zone

  • It will also help to rejuvenate the Waterfront office complex at Merry Hill and create additional office, technology and industrial space in the surrounding areas of Brierley Hill, Harts Hill and Pensnett and is expected to deliver up to 7,000 new jobs and provide Gross Value Added uplift to the economy of £589million each year

  • It will look at how the manufacturing and technology in the region can help deliver new business, as well as broaden the region’s digital and professional base into existing manufacturing technology

News Release Contact Information

Press office, 01384 815219, pressoffice@dudley.gov.uk