UK government unveils over £7 billion of Midlands Engine opportunities for international investors
New portfolio of investment projects launched at UK government’s first MIPIM pavilion, showing government commitment to the Midlands Engine.
One Smithfield in the centre of Stoke-on-Trent (c) Make It Stoke-On-Trent and Staffordshire
The UK government has today launched a portfolio of 19 projects showcasing some of the most exciting investment opportunities across the Midlands region to international investors.
Launched at MIPIM, the largest international property trade show attended by over 5,000 investors from over 90 countries, the portfolio contains major infrastructure, regeneration and business development projects.
With a rich industrial and commercial history, the Midlands Engine Investment Portfolio promotes some of the most transformative developments across the region on a global stage. The exciting investment-ready opportunities includes the large-scale regenerations of thriving city centres in Birmingham, Derby and Nottingham, the National Space Centre in Leicester and the first purpose-built business district in Coventry.
Compiled by the Department for International Trade in partnership with the Midlands Engine, the portfolio was unveiled on the UK government’s first ever pavilion at MIPIM.
International Trade Minister, Mark Garnier, said:
MIPIM is the world’s leading real estate conference and exhibition and, through the first UK government pavilion, we are taking advantage of the opportunity to engage with this important sector.
The Midlands Engine Investment Portfolio will enable us to harness the strong potential and accelerate the growth of the region by showcasing some of the most exciting investment projects across the Midlands. It will also enable us to build on the region’s strong record of attracting foreign investment.
Commercial Secretary to the Treasury, Baroness Neville-Rolfe, said:
This is a significant moment in our work to make the Midlands a powerful engine for growth for the whole country.
On the back of the Midlands Engine Strategy published last week which set out our multi-million pound investment to boost jobs and skills, this £7 billion Investment Portfolio opens up huge opportunities for vital inward investment.
Sir John Peace, chairman of the Midlands Engine, said:
The Midlands Engine Investment Portfolio demonstrates our ambition. We have some truly incredible projects available this year; whether it is investments that have been borne as a result of HS2 or smaller projects that will deliver real change, economic growth and jobs for of our cities. Investors will not only be investing in projects that will deliver significant return on investment, but will be driving growth in our region and acting as a catalyst to create the environments where our businesses can thrive.
The work we are doing in the region is a clear sign to the international investor community that the UK is open for business and that the Midlands is at the heart of this offer.
The portfolio follows the publication of the Midlands Engine Strategy and the recent Midlands Engine Trade Summit, demonstrating the government’s commitment to the region.
Trade events like MIPIM are a huge opportunity for the government and UK businesses to engage with the global real estate investment and development sector to continue attracting inward investment and promote UK skills and expertise.
Over the course of 4 days, a full programme of events will take place at the pavilion bringing together city and regional leaders with private sector investors and developers. Sessions will be on HS2 Places, modular housing and garden cities amongst others, and nine regions will pitch investment-ready or pipeline schemes to an investor audience.
The projects included in the portfolio are:
- Birmingham Curzon - over £500 million
- Birmingham Smithfield - over £500 million
- Drakelow Park, Derbyshire - £360 million
- Friargate, Coventry - £700 million
- Grantham Southern Quadrant, Lincolnshire - over £200 million
- Heart of the City, Derby - £165 million
- Loughborough University Science and Enterprise Park, Leicestershire - £625 million
- Nottingham City Centre - over £1 billion
- Peppermint Park, Holbeach, Lincolnshire - over £150 million
- Redditch Eastern Gateway, Worcestershire - over £100 million
- South Kestevon Regional Offer, Lincolnshire - over £100 million
- Springfield Campus, Wolverhampton - over £125 million
- Stoke-on-Trent City Centre - over £310 million
- The Boots Enterprise Zone, Nottingham - over £100 million
- The National Space Park - over £75 million
- Tudor Cross, Bolsover, Derbyshire - £175 million
- UK Central Hub and HS2 Interchange, Solihull - over £2 billion
- Wolverhampton Canalside and City Interchange - over £155 million
- Worcester Growth corridor - up to £300 million
Notes to editors
- the full portfolio of projects can be viewed here
- the UK government pavilion will host more than 25 events providing delegates with the chance to discuss and debate key issues in the real estate sector. To view the full programme of events: www.events.trade.gov.uk/uk-pavilion-at-mipim-2017/agenda/mipim-2017
- for more information about MIPIM, visit: www.mipim.com
Further information
Contact the DIT Media and Digital Team on 020 7008 3333.
Follow us: @tradegovuk, www.gov.uk/dit.