Yesterday Property Week announced that Nestle were leaving Croydon after 47 years in the borough after signing a deal to relocate to City Place in Crawley, just outside Gatwick Airport.
This news was confirmed today by all parties and Cllr Mike Fisher, Leader of Croydon Council expressed his disappointment at this decision stating that:
“We are obviously very disappointed that Nestlé has decided to leave the borough after more than 40 years.
“We have done everything we possibly could to avoid this outcome, but ultimately we have to respect the fact that Nestle are a footloose global company and can choose where they locate their business.”
However current Nestle staff can take comfort in the fact that the location is not as far away as some previously predicted as most of them will be able to commute to the new offices. The Council has also pledged to offer Nestle any support that they need to ensure that staff can make a smooth transition. Another bonus is that relations between the two boroughs are positive as both are partners in the Coast to Capital Local Economic Partnership (LEP)
Whilst this is disappointing news if we continue to focus on regenerating the town centre then we will be able to attract potential investors, creating a place where people want to live and an economy that links outer London to Gatwick and the world.