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, , 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, , 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
