The government is attempting to woo international investors with a £7bn pipeline of Midlands Engine projects.
Nineteen projects are being showcased to investors this week at a Department for International Trade pavilion at property conference Mipim in Cannes, France.
Construction partners are being sought for the £1bn regeneration of Nottingham City centre, the £75m National Space Park in Leicester and the £175m Tudor Cross development in Derbyshire.
The government is also looking for development and/or funding partners for schemes including the £500m Birmingham Curzon station and related development opportunities; the £500m regeneration of the Birmingham Smithfield area; and the £2bn UK Central Hub development and High Speed 2 Interchange at Solihull.
International trade minister Mark Garnier said the Midlands had “a strong record of attracting foreign investment” and aimed to “accelerate the growth of the region” though the investment portfolio.
Earlier this month, the government revealed its Midlands Engine Strategy report, outlining how it would spend £392m allocated to developing transport and infrastructure projects around the region.
The biggest investments into regional projects outlined were:
- £25m to tackle congestion and improve access to areas of employment in the Black Country region
- £25m for transport infrastructure in Coventry and Warwickshire
- £12m investment in transport connections around Loughborough.
International investors have already shown interest in the opportunities that the government’s flagship rail project can bring, with Chinese developer Country Garden signing a statement of investment commitment with Birmingham City Council in September last year.