UK government unveils over £7Bn of Midlands Engine investment in portfolio of 19 projects in UK.
The government has launched a portfolio of 19 projects at its first MIPIM pavilion, showing its commitment to the Midlands Engine, including £7Bn of opportunities over international investors.
The portfolio includes some of the most exciting investment opportunities across the Midlands region, including major infrastructure, regeneration and business development projects, which were showcased at the largest property trade show, attended by over 5,000 investors from over 90 countries.
The opportunities are some of the most transformative developments across the region on a global stage, including large-scale regenerations of 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.”
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 was compiled by the Department for International Trade in partnership with the Midlands Engine, following the publication of the Midlands Engine Strategy and the recent Midlands Engine Trade Summit, demonstrating the government’s commitment to the region.
A full programme of events will take place over four days, which brings together city and regional leaders with private sector investors and developers. Nine regions will have the opportunity to pitch investment-ready pipeline schemes to an investor order, and sessions will run on topics such as HS2 Places, modular housing and garden cites.
The projects included in the portfolio are:
- Birmingham Curzon – over £500M
- Birmingham Smithfield – over £500M
- Drakelow Park, Derbyshire – £360M
- Friargate, Coventry – £700M
- Grantham Southern Quadrant, Lincolnshire – over £200M
- Heart of the City, Derby – £165M
- Loughborough University Science and Enterprise Park, Leicestershire – £625M
- Nottingham City Centre – over £1Bn
- Peppermint Park, Holbeach, Lincolnshire – over £150M
- Redditch Eastern Gateway, Worcestershire – over £100M
- South Kestevon Regional Offer, Lincolnshire – over £100M
- Springfield Campus, Wolverhampton – over £125M
- Stoke-on-Trent City Centre – over £310M
- The Boots Enterprise Zone, Nottingham – over £100M
- The National Space Park – over £75M
- Tudor Cross, Bolsover, Derbyshire – £175M
- UK Central Hub and HS2 Interchange, Solihull – over £2Bn
- Wolverhampton Canalside and City Interchange – over £155M
- Worcester Growth corridor – up to £300M