UK government unveils over £7 billion of Midlands Engine opportunities for international investors
- New portfolio of investment-ready projects launched at UK government’s first MIPIM pavilion
- Investment portfolio shows government commitment to Midlands Engine and builds on Midlands Engine Strategy and Midlands Engine Trade Summit
Launched at MIPIM, the largest international property tradeshow attended by over 5,000 investors from over 90 countries, the portfolio contains major infrastructure, regeneration and business development projects.
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.
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.
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.”
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.
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:
1. Birmingham Curzon – over £500million
2. Birmingham Smithfield – over £500million
3. Drakelow Park, Derbyshire – £360million
4. Friargate, Coventry – £700million
5. Grantham Southern Quadrant, Lincolnshire – over £200million
6. Heart of the City, Derby – £165million
7. Loughborough University Science and Enterprise Park, Leicestershire – £625million
8. Nottingham City Centre – over £1billion
9. Peppermint Park, Holbeach, Lincolnshire – over £150million
10. Redditch Eastern Gateway, Worcestershire – over £100million
11. South Kestevon Regional Offer, Lincolnshire – over £100million
12. Springfield Campus, Wolverhampton – over £125million
13. Stoke-on-Trent City Centre – over £310million
14. The Boots Enterprise Zone, Nottingham – over £100million
15. The National Space Park – over £75million
16. Tudor Cross, Bolsover, Derbyshire – £175million
17. UK Central Hub and HS2 Interchange, Solihull – over £2billion
18. Wolverhampton Canalside and City Interchange – over £155million
19. Worcester Growth corridor – up to £300million