The Institute of Export & International Trade (IOE&IT) today (7 February) opened its new office in Peterborough.
The new premises, known as Trade House, expands the IOE&IT footprint on Minerva Business Park, in the Lynch Wood area of Peterborough.
The previous office, Export House, situated directly opposite Trade House, has been the head office of IOE&IT for over three decades.
Rapid expansion
The IOE&IT has expanded rapidly over the past two years to meet the demands of British businesses looking to trade internationally.
The team has grown from fewer than 20 employees to over 120 people and more office space was needed to house the growing number of staff.
The IOE&IT has also moved to open new offices in London, Belfast and Nairobi over the past 12 months and the expansion of the Peterborough headquarters is an essential part of supporting its continued growth.
Local employer
Marco Forgione, director general of the IOE&IT said: “Peterborough has been and always will be where the Institute has its headquarters. The expansion into Trade House is another part of our story of phenomenal growth over the past two years.”
He continued:
“We employ many people from the Peterborough area and across the UK. Expanding our footprint here reaffirms our commitment to the local area and will help our staff to further support businesses and equip individuals with the expertise to trade effectively, sustainability and competitively.
“International trade is essential to our nation’s economic health, and the IOE&IT team will continue to support it. Today marks a great moment for us and we are proud to call Peterborough our home.”
Challenges
Kelly Rawles, head of operations at the IOE&IT added:
“The past two years have been very challenging for businesses across the globe dealing with the Covid-19 pandemic. We have had many challenges ourselves, rapidly growing our team during this period.
“We aimed to make the move late last year, but the pandemic delayed our plans to do so. We’re so pleased to be able to finally open Trade House and have the space to house our growing team in a brand-new office.”
This article was included in the February 2022 edition of the IOE&IT's Member Monthly. To read more articles from this bulletin, please go here (if you are a member) or here (if you are not).