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Government seeks global investment for £2bn portfolio

The government is seeking UK and global investment for seven major construction projects worth around £2bn.

The Department for International Trade will unveil the seven planned projects that make up the £2bn investment portfolio at Mipim UK today.

Projects will include a 2,000-home development in Liverpool’s Festival Park, a 12,500-seater stadium in Gateshead, and a new science and technology park in Burgess Hill, Sussex.

The list of schemes has been put together by the DIT’s capital investment team, which leads the government’s drive to attract investment into large-scale property, regeneration and infrastructure projects across the country.

The seven projects will be added to the list of 60 government-supported schemes available for overseas investors to fund and finance.

International trade secretary Liam Fox said: “It has never been easier to find opportunities for global investment in the UK and these seven projects worth £2bn give investors the opportunity to do just that.

“Not only will these projects promote our vibrant and successful real estate industry, they also create homes and jobs across the country.

“As an international economic department, our message is loud and clear: the UK is open for business, and we can help find the right investment for you.”

The £2bn projects

  • Liverpool - The construction of 2,000 homes at the city’s Festival Park site.
  • Liverpool – A new urban community known as the Knowledge Quarter in the city’s centre.
  • Gateshead – Logistics and distribution centre that aims to create 5,000 jobs for the city.
  • Gateshead – New 12,500-seater stadium at Gateshead Quays.
  • Edinburgh – Bo and life sciences development, Edinburgh BioQuarter, which aims to be a leading hub for stem cell research.
  • Belfast – 21,000 sq m of new Grade A office space for creative and technology sector in the city’s The Sixth development.
  • Sussex – A new science and technology park at Burgess Hill providing more than 90,000 sq m of commercial space.

 

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