MEDWAY Chamber of Commerce's accreditation by the British Chamber of Commerce has been described by Medway president Paul Waterhouse as "the highest accolade in our 111-year history". Only 52 out of 870 UK chambers have achieved the status.

Kent Thames-side also gained accreditation. The two chambers plan to merge within a year. The project was led by Medway chief executive, Tracey Manley and Kent Thames-side's Michael Pead.

Mrs Manley said: "This means our members are now one of the elite UK chambers, with substantial benefits in their membership. Already, considerable discounts are given on products and services, and we see that increasing."

It is likely that after the merger the chambers will still retain their regional character. Said Mr Pead: "The whole concept of the two chambers working together will give the business community a strong local identity. Our joining together adds to the momentum of the Thames Gateway development."

An interim board has already been formed drawing business talent from the two chambers and once merged, the organisation will benefit from a variety of government initiatives. Mr Waterhouse said: "Our geographical position along the North Kent corridor gives us an unequalled position, not only for the UK but to the rest of the world."