Government Reveals £5bn NPowerhouse Opportunities to Chinese Investors

Government Reveals £5bn NPowerhouse Opportunities to Chinese Investors

The government has revealed a portfolio of 13 projects to offer £5 billion of opportunities to potential investors from China in the Northern Powerhouse.

Chancellor Phillip Hammond presented the schemes to a delegation led by Chinese Vice Premier Ma Kai.

Hammond commented: “As we seek to take to take the golden era of UK China relations to the next step, we have a major opportunity to open up investment opportunities across the Northern Powerhouse.

“This portfolio, opening up billions of pounds of investment ready projects to Chinese investors, will support our work to grow and create jobs across the north, as well as underpin our ambitions to bring world class infrastructure to every corner of Britain.”

The Department for International Trade has also confirmed that they are working with 15 investors from China on property development and infrastructure schemes in the North of England.

Some of the projects within the Northern Powerhouse Investment Portfolio are:

AeroCentre, Doncaster: working with Sheffield Airport in the next phase of development to create new offices, logistic units and aviation hangars.

Future Carrington, Trafford: opportunities for investment in a large scale residential and employment development in a prime location, providing over 14,000 new jobs and contributing an additional £720m GVA per annum.

Kampus, Manchester: an exciting opportunity to create new city centre apartments and retail including bars, cafes and shops.
Kirkstall Forge, Leeds: an opportunity to develop a new neighbourhood of 1,050 new homes, office space, retail, leisure and community space.

Liverpool Waters, Liverpool: this offers sale of land to develop a full range of uses, as part of an overall £5 billion project which transform the city’s northern docks.

MediaCityUK, Salford, Greater Manchester: home to the BBC, ITV and more than 250 smaller creative and digital businesses, an investment would double the size of MediaCityUK, creating studio, office, residential and retail space.

Government Reveals £5bn NPowerhouse Opportunities to Chinese Investors
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Government Reveals £5bn NPowerhouse Opportunities to Chinese Investors

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Government Reveals £5bn NPowerhouse Opportunities to Chinese Investors
BDC 281. June 2021

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Government Reveals £5bn NPowerhouse Opportunities to Chinese Investors