Insurance company announces it will be moving to Croydon
By Ian Austen
ian.austen@essnmedia.co.uk
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DELIGHTED: Jon Rouse has welcomed Zurich's move
Insurance company Zurich is moving its south London operations to Croydon.
The town's excellent transport links and Croydon's reputation as an insurance centre have been cited as reasons for the move from neighbouring Sutton.
A location for the company's new home has not yet been decided but the plan is to move later this year.
A spokesman for Zurich said: "As a location, Croydon will deliver the least disruption for our 140 employees, while providing us with the advantage of being within a vibrant insurance market.
"Croydon has excellent transport links to the whole of the south, which will allow us to gain more access to our key partners who can visit our new environment, further cementing existing relationships and forging new ones."
No jobs will be lost in the move.
The move, coupled with the announcement this week that John Lewis is to open a new store on Purley Way, has been widely welcomed.
Jon Rouse, chief executive of Croydon Council, told the authority's scrutiny and overview committee this week: "This has been a week of great news for Croydon."
And a spokesman for the Croydon Economic Development Company, said: "Clearly these firms have recognised that Croydon has all the right elements for a successful move."
2 Comments
by Mark, Croydon
Monday, February 15 2010, 12:35PM
“Conservative Croydon Council have been working hard to make Croydon a place that appeals to companies. The URV (Urban Regeneration Vehicle) has been important in showing companies that it is in their benefit to move to Croydon. Under Labour none of this would have been possible.”
by Peter, Wallington
Sunday, February 14 2010, 3:38PM
“This is good news for Croydon where I work, but bad new for Sutton, where I pay my Council Tax.
There are plenty of empty office blocks in Croydon, so they won't be short of places to go.”