Midlands Engine Investment Opportunities 2 great.gov.uk | Midlands Engine Investment Opportunities great.gov.uk | Midlands Engine Investment Opportunities 3

Contents

Foreword 5 Introduction 7 DIT’s Capital Investment Directorate 8 Welcome to the opportunity 10 The Midlands Business Environment 12 Property and Infrastructure Strategic Market 14 Location and Economy 16 Investment Opportunities 19 Join Us 22 Why invest here 24 4 great.gov.uk | Midlands Engine Investment Opportunities great.gov.uk | Midlands Engine Investment Opportunities 5

Foreword

I have great pleasure in offering The success of the Midlands you the opportunity as investors Engine is being driven by to explore the many exciting private sector investment, with projects in this latest Midlands international investors creating Engine investment opportunity and securing over 13,000 jobs portfolio. My Department has in 2016/17. This is a trend which prepared this showcase of we aim to accelerate and this investment-ready projects portfolio is a vital part of those in collaboration with many plans. The Midlands is ready to organisations and individuals build on its long commercial and across the Midlands, including trading history as never before. city councils and the West The Midlands is very much open Midlands Combined Authority, for business and we encourage which stand ready to support you to become part of its and facilitate your investment in success story. the region. The UK is one of the leading destinations for large-scale property and infrastructure projects and the Midlands region Rt Hon Dr is no exception. As a globally Liam Fox MP significant and innovative Secretary of State advanced manufacturing for International Trade base it is no surprise that it and President of the offers commercially attractive Board of Trade opportunities, from space and automotive technology parks, to the transport infrastructure needed to support its ambitious growth plans. This includes a range of opportunities associated with one of Europe’s largest infrastructure projects, the HS2 high-speed railway, which will require three new stations across the region. 6 great.gov.uk | Midlands Engine Investment Opportunities great.gov.uk | Midlands Engine Investment Opportunities 7

Introduction

The Midlands region is home Since launching the first Midlands to some of the UK’s leading Engine Investment Portfolio businesses and offers an in 2016, we have seen strong enviable quality of life to those overseas interest in many of the who choose to invest here. As projects. We continue to host a Midlander and businessman, bespoke visits for investors from I know very well how much around the world, helping them this region has to offer. I am to find the best location within convinced that the UK’s future the Midlands. Supported by our economic prosperity can be West Midlands Mayor and City driven by the Midlands’ industry, Leaders, we make it easier for innovation and energy. investors who have chosen to invest in the UK to choose the The Midlands Engine Partnership Midlands. has brought public and private sector interests in our region The Midlands is open for together in an unprecedented business and we are very way to promote its assets, confident about our future. real-estate and infrastructure When the Midlands succeeds, investment opportunities and the UK succeeds. We invite you to make it easy to make those to join and share our success. investments. We have worked closely with the Department for International Trade to identify the many and varied exciting projects set out in this Investment Sir Portfolio, that I am delighted to John Peace introduce to you. Chairman Midlands Engine 8 great.gov.uk | Midlands Engine Investment Opportunities

DIT’s Capital Investment Directorate

The Department for International organisations across the country to Trade helps businesses export, drives understand their priorities and how investment, opens up markets and investable their offer is. champions free trade. We promote opportunities across the We are an international economic UK, often contextualised in the qualities department, responsible for: of places and regions. Demonstrating wider economic strengths • Bringing together policy, promotion and underpins confidence financial expertise to break down barriers in specific investment opportunities and to trade and investment, and help generates interest in places businesses succeed. with compelling offers that • Delivering a new trade policy framework international investors for the UK as we leave the EU. may be less familiar with. Matching investor priorities • Promoting British trade and investment with the characteristics of across the world. places and projects aids the development of valuable • Building the global appetite for British longer term partnerships goods and services. between investors, local institutions and businesses. The UK is a leading global destination We also work with investors who for investment into property and have already identified investment infrastructure development and high- opportunities to help navigate their growth firms. journey, speeding investment and encouraging repeat business in the The UK is committed to reinforcing this UK. Building these relationships offers position and DIT’s Capital Investment opportunities to highlight the UK’s team leads on this agenda. geographically and sectorally diverse We have a strong track record range of opportunities to organisations having attracted billions of pounds of that have successfully invested here. foreign investment. We work closely with commercial and governmental great.gov.uk | Midlands Engine Investment Opportunities 9

We work in the fields of

Large capital projects in property development, regeneration

1 and infrastructure.

Attracting growth capital into high potential businesses, for

2 example in the technology sectors.

Venture Capital, working to direct investment into high potential

3 start-up companies.

Assisting entrepreneurs to move to places where they can benefit

4 from the business networks and suitable economic environments.

We realise the value government can project finance, energy, transport, add to the investment process, using its regulated assets, venture capital and global network of international offices entrepreneurship. to manage relationships with investors, Our network of UK specialists includes large corporates, high net worth representation in the Midlands, ensuring individuals and families, private sector expert local insight into projects, local agents and other governments. government and businesses can be DIT’s Capital Investment Directorate quickly and reliably provided. We work acts as a one stop shop to align closely with our local partners, in the investors with a credible project public and private sector, who bring pipeline, helping them understand the additional regional endorsement and returns. We can introduce interested local expertise to each project. international parties to UK companies We look forward to working with you with a wealth of sectoral expertise or and showcasing the Midlands. blue-chip domestic investors interested in co-funding models. For further details or to arrange a meeting to discuss potential, We are able to offer expert advice, please email: utilising a range of specialists in [email protected] property development and finance, Quick Facts

Project Promoters: Hermes / Birmingham City Council

Scale: £550 million (Phase 2 & 3)

Mixed-use – commercial, retail, Sector: leisure and hotel

Location: Birmingham City Centre

Investment Type: Development partner or funder

Phase 2 will commence on site in late 2018 with completion in late 2021. All of the major off site Programme: infrastructure will be completed as part of the current Phase 1 works in October 2017. All Project Phases to be complete by Sumer 2026 Phase 1 is fully consented; the Paradise masterplan for all phases has outline planning consent with Planning Status: a Reserved Matters application for One Centenary Way being submitted in Autumn 2017

Website: www.paradisebirmingham.co.uk

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Welcome to the opportunity All images © Paradise, Birmingham

With an economy worth more than comprising the largest demographic £200 billion generating 13% of the UK’s group among its 10 million citizens. Gross Value Added (GVA), the Midlands 500,000 students come to the region Engine is at the heart of UK growth.1 each year adding to its great diversity. Plans to house this growing population w: www.gov.uk/ditThe Midlands is a region with ambitious plans, intending to build on the 18% include the need to build 600,000 e: [email protected] growth that has taken place over the new homes over the next 15 years in past five years to achieve an economy cities such as the UK’s second city – worth £260 billion and create 300,000 Birmingham – Nottingham, Coventry, more jobs over the next 15 years.2 Derby, Hereford, Leicester, Lincoln, Stoke-on-Trent, Wolverhampton and The region is home to 15% of the UK’s Worcester.3 population, with 20-24 years olds

1 The Vision For Growth, The Midlands Engine 2 The Vision For Growth, The Midlands Engine 3 The Vision For Growth, The Midlands Engine Quick Facts

Project Promoters: Hermes / Birmingham City Council

Scale: £550 million (Phase 2 & 3)

Mixed-use – commercial, retail, Sector: leisure and hotel

Location: Birmingham City Centre

Investment Type: Development partner or funder

Phase 2 will commence on site in late 2018 with completion in late 2021. All of the major off site Programme: infrastructure will be completed as part of the current Phase 1 works in October 2017. All Project Phases to be complete by Sumer 2026 Phase 1 is fully consented; the Paradise masterplan for all phases has outline planning consent with Planning Status: a Reserved Matters application for One Centenary Way being submitted in Autumn 2017

Website: www.paradisebirmingham.co.uk

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There are 391,000 businesses in the Midlands.4 According to HMRC regional trade in goods data, the Midlands contributes to 16% of UK goods exports5, and businesses are engaged in a number of innovative sectors providing the technologies for trains, planes and automobiles as well as life sciences and agri-food and drink. They are able to take advantage of the central location and international connectivity of the region, with access to 92% of the UK’s population in under four hours and the UK’s busiest pure cargo airport, East Midlands, handling over 320,000 tonnes of cargo a year.6 The Midlands is brimming with opportunity for investors. Coventry will be the UK’s City of Culture in 2021. Birmingham will host the 2022 Commonwealth Games. The region has Europe’s fastest improving rail network. All images © Paradise, Birmingham It is at the centre of HS2, the country’s new £55 billion high speed rail network. This will increase capacity and bring people and goods to and from London in less than 50 minutes to give global Midlands companies such as Rolls-Royce and Jaguar Land Rover the connectivity w: www.gov.uk/dit they need to continue to grow. e: [email protected]

4 UK business; activity, size and location: 2017, ONS 5 Regional Trade Statistics, HMRC 6 East Midlands Airport 12 great.gov.uk | Midlands Engine Investment Opportunities

The Midlands Business Environment

The region is home to a diverse range of global businesses and their associated supply chains. It is a magnet for inward investment, with foreign-owned companies creating and safeguarding almost 97,000 jobs since 2013.

Automotive: Life Sciences: Gearing up for the future. At the heart of medical research. • The Midlands accounts for 40% of all • The Midlands hosts the largest number UK automotive production. of medical technology companies in the UK. • £1.5 billion (over 60%) of UK based automotive R&D is spent in the region. • The sector employs over 500,000 people, selecting from a local talent The Midlands area is the driving force pool of graduates in medicine, behind the UK’s automotive sector, biochemistry and medical engineering. employing over 60,000 skilled workers. The region’s historic traditions in the The Midlands is at the cutting edge of sector have attracted the highest the UK life sciences sector. 50 NHS concentration of Tier 1 and 2 suppliers of Trusts and 50 major hospitals, the anywhere in the UK and it is home to 16 second largest medical school in the UK of the world’s top 20 global automotive and Institute of Translational Medicine brands including Jaguar Land Rover, in Birmingham along with BioCity, Toyota, Aston Martin, JCB, Morgan, Europe’s largest life sciences incubator Magna and BMW. in Nottingham form a great cluster. Companies like Walgreens Boots Alliance, Autonomous vehicles will soon appear 3M, Novartis, Pfizer and Bayer are quick on the streets of the Midlands, as to appreciate this. The Midlands is also a government has given cities such as leading region for clinical trials. Coventry the go-ahead to host trials of driverless cars. Midlands Engine Investment Opportunities 07

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Lincoln Immingham & Grimsby Manchester Airport HS2 Stoke-on-Trent Nottingham M6 Derby M1 East Midlands HS2 Airport

Shrewsbury M54 M6 M42 Leicester TOLL

Wolverhampton M5 M1 Birmingham Birmingham Solihull M6 Int. Airport Coventry M42 Northampton

M5 Worcester M40 London Heathrow, Gatwick, and Stansted Airports HS2

M50 M5 London Luton Airport

BeyondAgrifood: transport, the region’s 27 universities Advanced• 13% of theManufacturing: UK’s income from supportA hunger a world for classglobal science growth. and innovation Production goods and for services the 21st isCentury. generated base making the region a global centre in the Midlands Engine region of• excellenceThe Midlands in areas offers such the as completeadvanced • 20% of the UK’s manufacturing output manufacturing,package across engineering, the food low supply carbon chain • 31%comes of from the thepopulation region, providing is under one 25. technology,– from primary healthcare, production life sciences of first and thirdIts 27 of universitiesUK manufacturing produce jobs. over agri-foodclass andraw drink.materials to the engineering The100,000 Midlands graduates accounts each for over year 20% of excellence required for processing. • A high quality of life also attracts people to live, • 49England’s minutes exports, to the the centre majority of of this work,• Internationally study and invest recognised here, with centres the Midlands such comingLondon from once manufactured the HS2 high-speed goods. as Harper Adams University and the Engine region blessed with five Areas of Midlands expertise extends across National Centre for Food Manufacturing rail network is completed Outstanding Natural Beauty, 60 historic houses, advanced materials, machinery and two areUNESCO ensuring world the heritage region sites remains and aat thriving the • £200+ billion economy of the digital production. As the location of cultureforefront of sport, of musicfood innovation. and the arts. Europe’s Midlands largest Engine rail cluster is larger in Derby, than 130,000 workers are engaged in turning the countries region offers such huge as supplyEcuador, chain New the region’s reliable supply of materials opportunities Zealand and in this Croatia sector alone, with ranging from fruit and vegetables Bombardier having been awarded a to seafood into the diverse products contract worth over £1 billion to supply demanded by discerning consumers carriages for London’s Crossrail project. in the UK and further afield. Global 25% of the UK’s aerospace industry brands engaged in research, processing, also operates in the Midlands including distribution, packaging and agri- Rolls-Royce, the world’s second largest technology in the Midlands Engine include manufacturer of jet engines. Müller, Mondelez, Pepsico, Arla and ABP.

7 Midlands Engine strategy, 2017 & Midlands Strategy, Department for Communities and Local Government 2017 14 great.gov.uk | Midlands Engine Investment Opportunities

Property and Infrastructure Strategic Market

The UK remains highly attractive for Birmingham recorded the highest international real estate investment. take‑up of commercial office space of From residential to commercial, any of the UK’s nine largest regional industrial to leisure, the majority of cities in the last three months of 2017, property development schemes have almost doubling the five year quarterly both public and private partners and average, according to new figures.9 offer high value financial returns. This The demand for Grade A office space is especially the case in the Midlands, remains high particularly in the core where it comes down to one phrase – Midlands cities. 40% of property growth, growth, growth. investment in the West Midlands in the Demand for business and residential Autumn of 2017 was from overseas accommodation in the Midlands is investors, demonstrating the increased being driven by strong economic and profile that the region has earned on the demographic growth. The Midlands global stage.10 is the largest and fastest growing According to property consultancy JLL, economic area outside of London, urban locations such as Birmingham will experiencing 18% growth over the last continue to push house price growth five years.7 forecasts above the UK average of In the second half of 2017, commercial 13.1 per cent.11 property amounted to an exceptional 37,347 sq metres in Birmingham city centre, the strongest quarter for two years.8

7 The Birmingham Crane Survey, Delloitte, 2017 8 Midlands Engine Office Market Report, Lambert Smith Hampton, 2017 9 Insider Media Limited, commercial space boom in Birmingham, Jan 2018 10 Midlands Engine Office Market Report, Lambert Smith Hampton, 2017 11 JLL residential Feb 2017 great.gov.uk | Midlands Engine Investment Opportunities 15

The Midlands is experiencing 5–6% The Midlands is also the first region prime yields – amongst the highest in which will benefit from the £55 million the UK.12 Parts of the Midlands region HS2 high-speed rail project, gaining in 2017 recorded increases of 33% for new stations in the Birmingham area office take-up, compared to the 10-year and one in the East Midlands at Toton. annual average.13 This will significantly improve transport connectivity between towns and cities The Midlands Engine strategy identified across the Midlands and London, as well that the economy of the Midlands is as cities in the North, bringing economic on track to benefit more than most benefit for both the Midlands and the UK from the government’s significant as a whole. investment in transport infrastructure. This is underpinned by £17 million of government funding for the Midlands Connect transport partnership, which is driving economic growth and unlocking productivity across the region.14

12 Overseas Capital Flows, Cushman and Wakefield, 2017 13 Overseas Capital Flows, Cushman and Wakefield, 2017 14 Vision for Growth, Midlands Engine 2016 16 great.gov.uk | Midlands Engine Investment Opportunities

Location and Economy

£200 billion GVA economy – the fastest growing outside of London

Population of over 10 million

20–24 year olds are our largest demographic group

Home to 20 universities great.gov.uk | Midlands Engine Investment Opportunities 17

The UK’s second largest air cargo handler

Birmingham Airport handles over 10 million passengers annually

92% of the UK population within a four hour commute of the Midlands region

A region with a rich tourist offer – 60 historic houses, two UNESCO world heritage sites

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Investment Opportunities

The Midlands continues to be a New approaches across the region are destination of choice for International bringing forward housing sites around investors. Nearly a quarter of the many of the core cities. Successful joint overseas investment outside of ventures with public-private partners London and the South East came to sharing risk have unlocked the potential the Midlands between the end of 2016 for new homes on brownfield sites, and 2017.15 former coalfields and power stations across both the East and West Midlands. The two highest investments across With the public sector funding the the UK were recorded in the Midlands, initial infrastructure to open up new capturing over £330 million. The highest development sites, opportunities for was £227 million invested into Aston international investment are rapidly Student Villages in Birmingham by increasing. In 2016, more than 6,000 Singaporean Investor GIC, followed by people relocated to Birmingham from Hams Hall distribution development London and this trend is projected to which secured over £103 million from continue.18 KB Financial Group in South Korea. Both have yields of between 5% and 6%.16 Private Rented Sector (PRS) schemes are likely to become more popular for With over £200 million from Canadian investors across certain Midlands cities Pension Funds invested into Grand with returns predicted to be healthier Central and Birmingham Paradise than other parts of the UK outside of projects, there is clearly long term London.19 The demand in many Midlands confidence and recognition that returns cities for high quality, student housing is from Midlands markets will be strong. also outstripping supply, and stimulating Housing developments for international investors. Through its partners, the Midlands is Offices proposing to unlock housing growth, The demand for Grade A offices across enabling the building of at least the Midlands is continuing to increase, 600,000 new homes within 15 years.17 particularly within core city centres and also around future transport hubs such as UK Central and East Midlands.

15 Overseas capital flows, Cushman and Wakefield Research, Real Capital Analytics 16 Overseas capital flows, Cushman and Wakefield 17 Vision for Growth, Midlands Engine 18 Intelligence Report, GVA,2017 & Real estate, contributing to growth in the West Midlands 19 Intelligence Report, GVA,2017 & Real estate, contributing to growth in the West Midlands 20 great.gov.uk | Midlands Engine Investment Opportunities

Deloitte reports that in 2017 seven In the East Midlands car giant Toyota major new office developments were has announced investment of £240 started in the City of Birmingham, million in its manufacturing plant near matching the highest level seen in their Derby, whilst Rolls-Royce is investing survey history.20 £1billion across its aerospace and nuclear campuses in the city. A report by Lambert Smith Hampton identified the chronic shortage of Grade GVA also predict that the demand for A offices in many locations across the good quality industrial buildings within Midlands region. It also highlighted the Midlands will continue to exceed the the Coventry/A46 corridor as the supply of existing properties, increasing outstanding area for office take-up pressure to see more investment in new in 2017.21 development across the region.23 Industrial manufacturing / The Midlands is the UK’s premier Logistics location for logistics and distribution operations with the region offering The manufacturing sector in the UK attractive investment opportunities. increased its share of take-up in 2017 GVA’s Intelligence Report in 2017 to 28%, compared to 17% in 2016. GVA confirmed a cluster of well-located reported in 2017 that the automotive developments between the M6 and M1 sector was particularly active, including motorways, broadly around the logistics amongst major Midlands investors ’Golden Triangle‘ with Coventry, Rugby, such as Jaguar Land Rover, Toyota and Tamworth, Bardon and Leicester all 22 Aston Martin. featuring.24

20 Reaching new heights, Birmingham Crane Survey, Deloitte, 2017 21 Midlands Engine Office Market Report, Lambert Smith Hampton, 2017 22 Real-Estate: Contributing to growth in the West Midlands, GVA, 2017 23 The big Nine, GVA,2017 24 Intelligence Report, GVA, 2017 great.gov.uk | Midlands Engine Investment Opportunities 21 22 great.gov.uk | Midlands Engine Investment Opportunities

Join Us

The Midlands region has already had centred on the West Midlands and it considerable success in attracting will require thousands of new staff in investment. We invite you to come and the region to meet its growth plans, join us and enjoy what we have to offer. including over 1,000 to build the next generation of electric cars and batteries Our £200 billion economy is built on as it creates the UK’s first ‘smart city’. a strong industrial heritage base, but It has invested more than £4.5 billion today is focussing on solving the world’s in new plant, research and technology manufacturing problems through across the region in recent years. technology and knowhow, requiring production facilities and research parks Developing next generation transport to develop the cyber technology needed systems will require a young, educated to protect driverless cars for example.25 population to power this culture of creativity. The Midlands is well placed to Jaguar Land Rover is one of the meet this , with its main demographic country’s largest goods exporters. group being under 25 and its Its main global manufacturing base is

25 The Midlands Engine strategy, 2017 great.gov.uk | Midlands Engine Investment Opportunities 23

20 universities producing over 100,000 The cultural life of the Midlands is also graduates a year. It is no surprise that set to bring growth, with Coventry 600,000 new homes will need to be named the UK City of Culture for built in the next 15 years.26 2021 and Birmingham set to host the 2022 Commonwealth Games. This will Success stories of large scale investment involve £750 million of investment and by Midlands investors abound: represents the biggest sporting event Aerospace company Meggitt has to be awarded to an English city since committed to building a £130 million, London held the Olympics in 2012. 1.5 million sq feet technology and Deloitte has already identified plans innovation hub at Ansty Park in to provide over 800 new hotel rooms Coventry. within the city centre.28 In September 2017, dairy giant Müller The Midlands continues to be one of the announced that it will invest at least most desirable and attractive regions £100 million in its Midlands sites to for investment. We are, as ever, open to further expand its yogurt and desserts business, to new ideas and to welcoming range. the world. In the financial sector, Deutsche Bank has already relocated its core functions from London to Birmingham. HSBC UK will follow suit in 2018 and relocate 1,000 staff to new premises – on a 250 year lease – for its national HQ in Birmingham, citing availability of talent as its main driver. In 2019 PwC will move into 13,935 sq metres premises in the Paradise development.27

26 The Birmingham Report, Frank Knight, 2016 27 The Birmingham Report, Knight Frank, 2016 28 Reaching new heights, Birmingham Crane Survey, Deloitte, 2017 24 great.gov.uk | Midlands Engine Investment Opportunities

Why invest here

There are many reasons why the • We are home to high-performing Midlands region represents one of the universities producing 100,000 most exciting investment opportunities graduates a year. Our 20 universities in Europe. provide cutting-edge research and a rich talent pool for industry. • You’ll be in great company: Jaguar Land Rover, Rolls-Royce, Toyota, • We are a region with rich history and HSBC, Deutsche Bank and Pepsi Co, to potential for tourism – the birthplace name a few – are all major investors in of the industrial steam engine, the the Midlands. first fully mechanised factory and the greatest writer in the English We are the most connected region in • language – William Shakespeare. the UK: at the heart of the country’s motorway network and with the • The cultural life of the Midlands is busiest railway station outside strong with Coventry named the London, the Midlands Engine is within UK City of Culture for 2021 and a four hour commute of 92% of the Birmingham the host city for the 2022 UK’s population. Commonwealth Games. • 20-24 year olds are our major • The advanced propulsion centre is a demographic, driving the need for new £1bn 10 year commitment between homes and leisure opportunities. government and the automotive industry and is just one example of the strong government support for the region. great.gov.uk | Midlands Engine Investment Opportunities 25 26 great.gov.uk | Midlands Engine Investment Opportunities

Reasons to invest in the Midlands

1. Ambitious economic growth plans

2. Young, growing population

3. Innovative manufacturing base

4. Strong support from local leadership

5. Balanced opportunities, from stations to science parks

Our strategic location, sense of identity and reputation as the beating heart of the national economy will ensure the UK’s future as a global economic power.

great.gov.uk

DIT The UK’s Department for International Trade (DIT) has overall responsibility for promoting UK trade across the world and attracting foreign investment to our economy. We are a specialised government body with responsibility for negotiating international trade policy, supporting business, as well as delivering an outward- looking trade diplomacy strategy.

Disclaimer Whereas every effort has been made to ensure that the information in this document is accurate the Department for International Trade does not accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned.

© Crown copyright 2018 You may re-use this publication (not including logos) free of charge in any format or medium, under the terms of the Open Government Licence. To view this licence visit: www.nationalarchives.gov.uk/doc/open-government-licence or e-mail: [email protected] Where we have identified any third party copyright information in the material that you wish to use, you will need to obtain permission from the copyright holder(s) concerned.

Any enquiries regarding this publication should be sent to us at [email protected]

Published February 2018 by Department for International Trade.

Image credits: Front cover: © Leicester County Council. Project Promoters: Leicester City Council

Scale: £480m+ GDV

Sector: Housing-led mixed-use

Location: Leicester Ashton Green Investment Type: Development partner / investor; Leicester forward funding for occupiers Opportunity Programme: 2018 with phased development There are investment opportunities in retail, over 15–20 years commercial, public transportation, leisure as well as residential. This is a strategic opportunity for Planning Status: development partnership and a range of funding Outline planning for the first opportunities over a long term, including forward residential development parcels funding for occupiers and development finance. www.leicester.gov.uk/your- The project is a housing-led mixed-use sustainable urban council/policies-plans-and- extension of up to 3,000 new homes on a 130 hectare strategies/planning-and greenfield site. Ashton Green is located to the north development/ashton-green- west of Leicester city centre on the edge of the principal development-project/ urban area. Overview

Background Economic and population growth is driving the demand for new housing. With an outline planning permission secured, an infrastructure delivery plan and phasing strategy in place, and the first enabling infrastructure completed, the City Council is bringing the site forward for a phased release of development.

Project Description The first phase of a large scale employment land development was Project Promoter and Partnerships completed by Samworth Brothers in The promoter is Leicester City Council late 2014. Morris Homes commenced supported by Leicester and Leicestershire construction on the first residential Local Enterprise Partnership. development in early 2017 with new homes ready for occupation from 2018. The City Council is working in partnership with the first housing developer on site and Kier Living have been secured as the City a second developer through the planning Council’s development partner for another process. Leicester and Leicestershire LEP parcel of 300 new homes and further and Homes England have provided on- parcels of opportunity are available from going support for the development project 2018 onwards. Ashton Green is seen as one over recent years. C. £25 million of public of the most innovative and sustainable new sector funding is committed to enable development in Leicester in more than 30 infrastructure and help accelerate delivery. years. The future development opportunities Local employers such as Samworth Brothers will help progress towards delivering the have also invested in the creation of new 30,000 new homes needed over the next employment with future opportunities 20 years. Ashton Green will also make a to follow in later phases. The advisors to significant contribution towards raising the project include Arcadis and G L Hearn Leicester’s profile as a place to do business Property Consultants and Freeths LLP as in the East Midlands. Legal advisors. Project Promoters: Urban Growth Company (on behalf of Solihull MBC)

Scale: Phase 1: Up to £3m Birmingham Phase 2: £7m - 1.4bn International Sector: Phases 1 & 2: infrastructure and Station commercial Location: Integrated Transport Exchange Solihull, West Midlands & International Quarter Investment Type: Phase 1: infrastructure, Solihull, West Midlands construction Opportunity Phase 2: equity investor, developer & development This is an opportunity for a sophisticated investor funder or developer to become involved at an early stage in one of the UK’s most exciting transport related real Programme: estate developments. Phase 1: 2018-2025 Phase 1 is to redevelop Birmingham International Station Phase 2: part of The Hub’s four- and create a world-leading, multi-modal transport phase programme up to 2032 exchange. A construction partner will be sought for the station redevelopment within the next 36 months. Planning Status: Capital commitment requirement: £200-£300 million. Schemes subject to planning consent expected during Phase 2 provides further potential commercial 2018/2019 development at an adjoining site to create a new ‘International Quarter’ within The Hub. Partners are www.ugcsolihull.uk sought to influence and be involved with the wider commercial opportunities around the station. Overview Since the publication of the Hub Growth & Infrastructure Plan in early 2017, the UGC has published a number of supporting Background documents which lay the foundations for Birmingham Interchange will be the first attracting investment including; a Hub stop outside London on the UK’s flagship Framework Plan which details the primary £50 billion High Speed 2 rail scheme. and secondary infrastructure requirements This project will link planned and existing and timings to deliver sustained and local and regional transport to HS2 and coordinated growth across The Hub; and a has the potential to facilitate significant, Value Capture Framework & Toolkit outlining wider mixed-use commercial development how investment in infrastructure can be in and around the current Birmingham recovered and reinvested. International Station. The UGC has also agreed a schedule of The Hub is an international gateway at the changes with HS2 Ltd to upgrade previous heart of the UK, bringing together air, road plans for the HS2 Hybrid Act parkway-style and the rail network. As well as being home station at the Arden Cross site, which will to Birmingham Airport and providing direct deliver the infrastructure needed to develop access to the UK’s motorway network, The a new, fully-connected, urban quarter with Hub will also bring together future high the HS2 Interchange Station at its heart. speed rail alongside the current West Coast Project Promoter and Partnerships Main Line through Birmingham International Station. Forecasts suggest the number of The Urban Growth Company (UGC) is a passengers using Birmingham International local delivery vehicle formed by Solihull Station is set to triple, with over 15 million Metropolitan Borough Council and customers per year using it by 2036. supported by the West Midlands Combined Authority and Greater Birmingham & The Urban Growth Company – a special- Solihull LEP. The UGC will oversee the purpose delivery vehicle set up to coordinate investment into UK Central Hub area and and deliver infrastructure and development will realise the economic impact of the across The Hub more widely – is leading High Speed 2 Interchange site located a two-phase plan at the Birmingham at Arden Cross triangle site, the first International Station site. planned HS2 site north of London. The plan to create a fully-integrated transport exchange at Birmingham International Station – bringing together future high speed rail, existing rail, air, trams, buses, private vehicles and bicycles by 2025 – is one of a number of initiatives and projects being led by the UGC at The Hub. The UGC’s Hub Growth & Infrastructure Plan predicts that there is potential to create up to 77,500 new jobs, 775,000 sqm of commercial space, 4,000 homes and £4.1 billion GVA per year. Project Promoters: Walgreens Boots Alliance

Scale: £100m+ GDV

Sector: The Boots Mixed use Location: Enterprise Zone Close to Nottingham City Centre Nottingham Investment Type: Equity, debt and forward Opportunity funding investment for The Boots Enterprise Zone has opportunities for identified occupiers commercial and residential development, and seeks Programme: investment and development proposals including equity, debt and forward funding investment for 2018–2027 identified occupiers. Planning Status: The site offers a unique opportunity to co-locate next Outline permission granted to one of the World’s leading brands, The Walgreens Boots Alliance. The driver is to secure new occupiers and end-users through flexible investment structures. A new housing development on the site will provide an unprecedented place to live, work and play. Overview

Background Boots has a long and illustrious history with Nottingham – since humble beginnings when John Boot opened a store in the City in 1849. The current 279 acre site was purchased in 1927 to expand the business. The promoter Walgreens Boots Alliance are looking to share their MediCity offers the ideal environment for values to help encourage healthier and both start-up and established companies happier lives across the world. to develop. Businesses will not only benefit from BioCity’s experience of successfully The Boots Enterprise Zone project involves growing businesses in specialised incubator the redevelopment of c. 35 hectares of environments but also from Boots surplus land at the Boots site to create a expertise in the global healthcare sector, centre of Health, Wellbeing and Beauty. including access to innovation and product Outline Planning Consent was granted development knowledge, as well as supply in December 2014 for 82,000 sqm of chain expertise. The existing Boots operation commercial space. In addition there are will remain on site. plans to build up to 675 residential units, creating a new urban village on the site. In early 2018 a new road bridge and spine road was completed providing excellent Project Description access to the development land. In addition, The site sits on the border of the site entrance at the Beeston end of the Nottingham City and Broxtowe Borough development has also been re-modelled - approximately 3 miles to the West of and is now operational. Land has been Nottingham city centre. The site offers remediated and advanced talks are taking a unique opportunity to build a complete place with the first housing and commercial lifestyle option – live, work, enterprise and delivery partners. innovation all fully integrated in one place. Project Promoter and Partnerships At present the campus provides a Data The project is being promoted by Innes Centre, Research and Development Facilities, England in partnership with Nottingham Manufacturing, Pharmaceutical Wholesale City Council and D2N2 Local Enterprise and Logistics functions. The site also houses Partnership. MediCity – a joint venture with BioCity. Project Promoters: Birmingham City Council and multiple private landowners

Scale: £1 bn+ GDV

Birmingham Sector: Office, Residential

Curzon Location: Birmingham City Centre Birmingham City Centre Investment Type: Opportunity Development partner / funder; A number of major investment opportunities Equity investor exist centred around a new high speed (HS2) Programme: terminus station for parties interested in exploring development partner / funder and equity investment 2018–2036 on sites ranging up to 3.3 hectares and covering a Planning Status: selection of commercial and residential uses. Curzon Masterplan and Birmingham City Council as promoter is working with Investment Plan published and the Homes England as well as private sector landowners available to identify investable development projects within the Curzon Masterplan area. There is a strategic opportunity www.birmingham.gov.uk/ to help shape projects at an early stage, as these are birminghamcurzonhs2 expected to come forward over the next 18 months. Overview

Background Birmingham will be at the heart of the UK High Speed Rail network providing a once in a century opportunity to radically enhance the city’s national rail connectivity, and accelerate its economic Project Description growth potential. A brand new city centre HS2 station, Birmingham Curzon, will The Masterplan area covers 141 hectares be the catalyst for a major mixed use and comprises over 30 strategic regeneration scheme in a prime location. development opportunities within the extended City Centre Enterprise Zone. The Birmingham Curzon Masterplan sets out These sites can provide around 4,000 new the City Council’s aims for the station and homes and 600,000 sqm of commercial, demonstrates the regeneration potential leisure and retail floorspace. of the surrounding 141 hectares Masterplan area that could result in a £4 billion With preparatory work underway the station economic uplift. will be operational by 2026, and there are already opportunities to bring forward The Masterplan establishes the following: development across the wider Masterplan regeneration area. • The aspiration for the delivery of an integrated world class station A £724 million investment programme has • A series of project milestones to achieve been agreed with Government for Curzon. this and to support wider growth and This programme will integrate the station regeneration of the area into the city centre, lead to the expansion of the Midland Metro network and provide the The project milestones include: necessary infrastructure to unlock key sites • Station design to create a landmark bringing growth and development forward terminus building and visitor arrival within the city and beyond. experience • Creation of a high quality public realm Project Promoter and Partnerships and shared space within the city centre Birmingham City Council as promoter is terminus working in partnership with the Greater Birmingham Solihull LEP and West Midlands Combined Authority. Project Promoters: Drakelow Developments Limited

Scale: £360m GDV

Sector: Mixed use – commercial, residential and small-scale retail Drakelow Park Location: Drakelow, Derbyshire Derbyshire Investment Type: Equity, investment partners, Opportunity including future funding The promoter seeks a range of investment including opportunities forward funding for identified occupiers, equity and Programme: investment partners. Outline permission granted Opportunities also exist to give potential investors (Hybrid Approval) strategic opportunity to shape the realisation of the site masterplan, incorporating commercial, residential Planning Status: and small-scale retail. Further phases are planned with 2017-2032 (Phase 1 is underway) Drakelow Park offering serviced plots for residential and commercial development. This includes the option of www.drakelowpark.com using associated/owned construction companies. Overview Trent and a nature reserve. Drakelow Park is well connected, lying adjacent to Burton upon Trent in The National Background Forest, and a new bridge will link it to the South Derbyshire is one of the fastest A38 main highway. Adjacent land hosts growing areas in the UK. Centrally located a National Grid sub-station and a large with unrivalled transport links, it is one area anticipated for further employment of the best connected locations in the opportunities in the future. country. The convergence of the A38 and Drakelow Park can be progressed very A50 to the north of Burton upon Trent quickly, with Drakelow Developments Limited provides easy access to motorways, while having secured the necessary permissions a direct rail link from Derby to London St and control of land. It has also undertaken Pancras takes less than 90 minutes. groundworks for the enhanced link between East Midlands Airport, the second largest the site and the A38 at Barton Turn. freight handling airport in the UK, is within The construction of the first 99 dwellings minutes, whilst Birmingham International and associated infrastructure has been Airport is only a short distance away. undertaken with all of the units sold. The The area has one of the fastest growing sale of the next phase of land for 94 homes populations in the country and is home to has been completed, again with David Wilson businesses such as Bombardier, JCB, Nestlé, Homes. Discussions have commenced on Rolls Royce and Toyota. bringing forward the Walton Bypass which will greatly enhance access to the site. Project Description Project Promoter and Partnerships Drakelow Park is a new mixed use development in South Derbyshire that will The promoter and principal land owner include 12 hectares of employment land, Drakelow Developments Limited is up to 2,239 homes and two mixed use working in partnership with South centres with retail, leisure and education Derbyshire District Council and advisors facilities. It is bounded by the River Hawksmoor Property Services. Project Promoters: Friargate Coventry LLP

Scale: £700m+ GDV

Sector: Friargate Coventry Office led mixed use Location: Coventry city centre Coventry, City Centre Opportunity Investment Type: Range including partnership, The promoter, Friargate Coventry LLP, is ready and direct development or open to discuss possible investment structures co‑investment in the form of partnership, direct development or co-investment to accelerate the delivery of future Programme: phases which will include offices, residential, retail, Under construction, phased leisure and hotels. over a 15 year period Friargate is a multi-phase, multi-use development Planning Status: project that can provide many options for investment. Friargate Masterplan approved, It can build on the track record that has already first building built, second delivered a framework of new infrastructure, new public building with detailed approval spaces and the first high quality office building, now occupied by Coventry City Council and the The Financial www.friargatecoventry.co.uk Ombudsman Service. Overview Planning Consent for a second office building Two Friargate, has been granted, extending to 12,635 sqm net. Detailed Background construction design is about to commence Less than an hour from London, in order to deliver a contemporary Grade A Friargate is one of the largest mixed- office building, perfect for modern business, use developments in the Midlands. An for occupation by 2021. ambitious new business destination, Friargate benefits from direct access to Friargate is delivering prime new office London in under an hour and is only 10 space, hotels, homes, shops, restaurants minute train journey from Birmingham and public space – all next to Coventry Airport – with connections to Dubai and the railway station and only a five minute USA. There are few developments, anywhere walk from the city centre. in the country, that are as well connected as Selected as UK City of Culture in 2021 and Friargate. taking part in the 2022 Commonwealth Project Promoter and Partnerships Games, Coventry is a city very much on the rise. Friargate Coventry LLP is a UK registered limited partnership that was established Coventry City Council’s building One to deliver the Friargate project. It is owned Friargate was completed in September and controlled by the Cannon Kirk Group, 2017 and is now fully occupied. Part of the a Dublin-based development and property 11,613 sqm building is let to The Financial investment business that includes Ombudsman Service an inward investor US venture capital, Oaktree Capital that acquired 2,323 sqm in Coventry with a Management, among its shareholders. view to future possible expansion as further buildings are brought forward. The promoter has a long-standing formal working arrangement with Coventry Project Description City Council to formalise strategic and The whole development will provide political support and to help accelerate 297,290 sqm and generate 15,000 project delivery. It is also working closely new jobs. In total, Friargate will deliver with Coventry and Warwickshire LEP, 25 sustainable new buildings including West Midlands Combined Authority and 213,677 sqm of Grade A offices, two hotels, advisors GVA. 19,974 sqm of retail, up to 400 new homes plus 10,219 sqm of leisure space. Project Promoters: Buckminster Estates, Lincolnshire County Council, South Kesteven District Council Grantham Scale: £200m+ GDV

Southern Quadrant Sector: Lincolnshire Mixed use of Housing and Retail Location: Opportunity Grantham, Lincolnshire

An opportunity to shape the delivery of the project Investment Type: at an early stage, with a range of direct developer and investment options including development Development partner/investor; partner/investor and forward funding for identified forward funding for identified occupiers. occupiers An ambitious project to deliver a high quality, Programme: sustainable development of new homes, employment 2018 onwards and retail space stretching from the A1 eastwards around the southern side of the town of Grantham. The Planning Status: opportunity is focussed on the new Garden Village of Allocated in the local plan Spitalgate Heath, one of only fourteen designated by the Government, and a Designer Outlet Village which has www.southkesteven.gov.uk recently been approved through planning. Overview With planning permissions for the employment land and construction of the road infrastructure having been granted Background and decisions to grant consent for the retail Grantham is the largest town in South space and residential properties in place the Kesteven District and is a sub-regionally development opportunities are becoming significant centre with excellent transport immediately investable. links to London and Nottingham. The Existing schemes are in the final stages Southern Quadrant to the south of the of the planning process with further site town is the largest of the development allocations coming forward through the sites identified in the Councils Core South Kesteven Local Plan creating longer Strategy. term investment opportunities The development of the Southern Quadrant The approximate number of units for each will deliver a sustainable new community in phase is: a high quality landscape setting, providing much needed new homes and jobs whilst • Phase 1: 1,212 homes including contributing to the wider regeneration of c. 250 homes in phase 1A Grantham Town centre. • Phase 2: 1,221 homes The Grantham Southern Quadrant is • Phase 3: 1,266 homes just 1 hour from London by rail and has In terms of employment space, the promoter direct connection to the A1 Trunk Road expects that 3,500 sqm will be taken up and and onwards to the national motorway developed annually. network. These connections open up a large catchment area for housing demand from Project Promoter and Partnerships across the East Midlands, South Yorkshire The project is promoted by Buckminster and Cambridgeshire. Estates, a land-holding trust that is circa 400 years old, together with a Project Description public sector consortium comprising The essential highway infrastructure Lincolnshire County Council, South linking the A1 to the A52 is being Kesteven District Council, Greater delivered by Lincolnshire County Lincolnshire LEP and Homes England. Council funded by the Local Enterprise Advisors for the project include Mills Partnership, the County Council and and Reeve, legal and Strutt and Parker, developer contributions and opens the property. way for initial development of a 25 acres designer retail outlet village, 3,700 new houses and in excess of 139,355 sqm of employment space. Project Promoters: City of Wolverhampton, Staffordshire County Council, South Staffordshire Council and Severn Trent’s property vehicle Midlands Land Portfolio Ltd.

Scale: £600m+ GDV

Sector: Advanced Manufacturing – i54 Western Aerospace, Automotive, Technical, Research & Extension Development. Location: Innovation Drive, Coven, i54 South Staffordshire Wolverhampton (Junction 2 of M54) Opportunity Investment Type: Developer partner; forward The Western Extension at the i54 development is funding with an identified seeking a development partner and investors for occupier the forward funding of new development with an Programme: identified occupier. 2018–2025 The opportunity to shape a highly significant public Planning Status: and private sector led employment project which will deliver up to 100 acres of land for development and Formal adoption and outline consent 2018 help continue the expansion of the growing cluster of advanced manufacturing businesses around i54/ http://www.i54online.com Junction 2 of the M54 motorway. Overview Construction of the access road and services infrastructure will be undertaken during 2019 with platform preparation works Background following on in 2020. The i54 Business Park, South The site’s location with excellent accessibility Staffordshire is home to Jaguar Land makes i54 highly desirable. Further Rover’s Engine Manufacturing Centre, Investment in land and Infrastructure is Moog Aerospace and other global planned for the wider M54 Junction 2 area businesses and with its own direct access including the potential West Midlands Rail to J2 of M54 motorway the scheme is Interchange at Four Ashes c. 4 kilometres highly accessible to the national road and north of i54. rail network. Marketing of the i54 Western Extension site Local Authority partners, City of to developers and end users on a design and Wolverhampton, Staffordshire County build basis will be targeted for occupation Council and South Staffordshire Council who specifically by the Advanced Manufacturing delivered the successful i54 business park Sector. are progressing plans to extend the park by a further 100 acres (40 hectares). Project Promoter and Partnerships The City and County Councils will be Project Description working as a Joint Venture and are fully 60 acres are owned by City of supported by the Black Country and Stoke Wolverhampton Council which worked in and Staffordshire Enterprise Partnerships partnership with Staffordshire County and West Midlands Combined Authority. Council and South Staffordshire Council The project scheme will help address the to deliver i54. 40 acres are owned by regional shortfall in strategic employment Severn Trent’s property vehicle, Midlands land specifically targeting high value Land Portfolio Ltd and all parties are manufacturing. collaborating to realise the full potential of the 100 acres. The 60 acres providing Advisors to the project include AECOM, up to 100,000 sqm of floor space and the Ancer Spa, Pick Everard, JLL and further 40 acres up to 60,000 sqm of Staffordshire County Council. floor space. Working with the two relevant Local Enterprise Partnerships, Black Country LEP and Stoke and Staffordshire LEP the partners are securing outline planning consent programmed for later in 2018. Project Promoters: Conygar Investment Company PLC

Scale: £500m GDV

Sector: Mixed use – Offices, Residential, Retail, Food & Beverage, Hotel

Location: Nottingham City Centre

Investment Type: A range of investment types and development partner Island Site mechanisms Nottingham City Centre Programme: 2018–2025 Opportunity Planning Status: Opportunities exist for Investors, developers, Planning application to be occupiers, end-users, construction partners with submitted April 2018 debt-finance, co-investment, direct development, equity, and development partner mechanisms. https://www.nottinghamcity. gov.uk/planning-and- This is a 34 acre multi-phase major project in a prime building-control/building- City Centre location. Each phase presents development a-better-nottingham/ opportunities for investors and developers working major-regeneration-projects/ with private sector partners and landowners, offering major-regeneration- an opportunity for early discussion about potential documents/ investment structures. To support this process the developer and Overview their consultants have completed a number of detailed ground investigation works and technical studies. The results of these Background documents have informed the submission The site is being developed as a new urban of an Environmental Impact Assessment business and residential community Scoping Report, in December 2017. within the City’s Creative and Canal Quarters, creating a safe, attractive, high With the support of their specialist quality and mixed neighbourhood with its advisors, Conygar Developments Ltd have own identity and character. The economic entered into a formal pre-application with development of the site will contribute Nottingham City Council and have submitted significantly to the economic growth of a scoping report as part of the formal the City, helping to maintain its status as Environmental Impact Assessment required a top ten UK city for growth. in advance of submitting an outline planning consent, expected in April 2018. Island site is also providing for the further expansion of the life sciences cluster centred By creating a new urban neighbourhood on BioCity, complementing the City’s Science there will be a variety of high quality City designation. New office space will help housing, attractive to a wide range of to address the City’s identified shortage of households. It will be well connected to new Grade A office space, and provide a first public realm and open space, and to the class business location for indigenous and network of routes within and beyond the site. inward investing companies alike. Project Promoter and Partnerships Project Description The promoter, Conygar Investment The project will deliver known demand for Company is working in partnership as site a range of uses including Grade A offices, owner and lead developer, supported by residential (including build to rent), retail/ advisors including Lavignac Securities Food and Beverage, hotel and leisure. as project consultant, Leslie Jones Architects and Axis Planning as planning and environmental consultant. Loughborough Project Promoters: Loughborough University

University Science Scale: £625m GDV and Enterprise Sector: Specialist commercial Park development for knowledge- based industries Loughborough, Leicestershire Location: Opportunity Loughborough, Leicestershire The opportunity is to partner with one of the UK’s Investment Type: leading universities in the major extension of a Equity and development successful science park. The project is of particular funding; long-term partnerships interest to long-term investment partners, who will have the potential to shape its development. Programme: 2018 onwards With its prime location and research and innovation focus, Loughborough University Science and Enterprise Planning Status: Park will drive increasing values and returns. The Outline (Phase 2) Local plan existing site hosts more than 70 organisations. The 84 allocation (Phase 3 and 4) hectare expansion will house clusters of knowledge- based, high growth businesses across a number of www.LUSEP.co.uk sectors on an extremely attractive site on the edge of the National Forest. Overview There is on-going commitment to providing improved access to the Park with a £28 million investment agreed for major Background infrastructure improvements at J23 of the The Park is adjacent to Loughborough M1 motorway/A512 which commences in University, a pre-eminent research-led April 2019. university with particular strengths in In addition further investment into a 35 engineering and advanced technologies. hectares expansion of the Loughborough It has access to a highly skilled graduate and Leicester Science and Innovation workforce as well as excellent accessibility Enterprise Zone will see several major new with 1 million potential employees within a developments underway. These include 45 minute drive. a 9,290 sqm development for a leading Located on the west side of Loughborough, software development company and a £12 the Park is just one mile from the major million investment for the National Centre in north-south M1 motorway, with good rail Combustion and Aerothermal Technology, connections and 15 minutes from East which will be operational by Summer 2018. Midlands Airport. The Advanced Technology Innovation Centre, which welcomed its 40th occupier Project Description in January 2018, is close to capacity with One of the UK’s largest science parks, several of its largest occupiers looking to the existing Park comprises 19 hectares expand further on the site. (68,000 sqm). Designated as part of the Loughborough and Leicester Science Project Promoter and Partnerships and Innovation Enterprise Zone, the The project promoter Loughborough development offers further phases of high University is working in partnership valued opportunity. with Enterprise Zone project partners Phase 2 has 7 hectares (20,000 sqm) of Charnwood Borough Council, development plots with planning and services Leicestershire County Council, Leicester included. Phase 3 incorporates a further 27 and Leicestershire Local Enterprise hectares (80,000 sqm) of opportunity and Partnership and Wilson Bowden. Phase 4 an additional 42 hectares (100,000 Developments. sqm) of development land. Project Promoters: HORIBA MIRA Ltd

Scale: £150m GDV MIRA Technology Sector: Industrial with focus on automotive manufacturing and Park Southern R+D Location: Manufacturing Nuneaton, Warwickshire

Investment Type: Sector Forward funding for identified Nuneaton, Warwickshire occupier(s) Programme: Opportunity 2018-2020

A £150 million funding opportunity for occupier-led Planning Status: investment in the industrial sector with potential The site is identified in the draft also for a multi-phased development approach. local plan associated with MIRA The Southern Manufacturing Sector provides a and the automotive industry. rare opportunity for a strategic automotive-related www.miratechonologypark.com manufacturing facility with associated links to the extensive R+D facilities at MIRA. Overview comprises an additional 90 acres linking directly into the existing MIRA Technology Park site. It provides a highly complementary Background opportunity for approximately 139,355 MIRA Technology Park is one of the sqm of automotive related advanced UK’s leading Enterprise Zones, and with manufacturing facilities, and benefits from over 40 major international automotive the recent delivery of major power and engineering companies such as Bosch, road infrastructure investment to facilitate Toyota and Bharat Forge as occupiers on development. the Park, it comprises Europe’s largest The site benefits from the off-site and fastest growing automotive R&D infrastructure already delivered for MIRA cluster. Technology Park. Whilst progressing through The Technology Park lies at the centre of planning an early application would enable the UK’s automotive heartland, within an delivery of the development by mid/late economic growth corridor accessed from the 2020. newly upgraded A5 between Atherstone and Project Promoter and Partnerships Hinckley in Warwickshire. The Technology Park development is being Project Description promoted and delivered by HORIBA MIRA The Technology Park contains 40 major who are both owners and operate their test facilities and over 106 kilometres of facilities from the Park. They work closely test tracks making it a world class facility with key stakeholders in the Enterprise and a global attraction for companies to Zone and Southern Manufacturing the UK. The synergy between the industry Sector which includes Leicestershire and cluster and facilities at the existing MIRA Coventry & Warwickshire LEPs, West Technology Park provides an opportunity Midlands Combined Authority, Hinckley for companies at the forefront of new and Bosworth Borough Council and North transport technologies to capitalise on Warwickshire Council. this centre of technological development Advisors to the project to date include in the transport industry. legal Winckworth Sherwood, Cushman Whilst the Technology Park benefits from and Wakefield, planners Barton Wilmore, an existing planning consent for 185,806 architects Geddes, engineers Waterman sqm, on completion will comprise 325,160 and Hoare Lea, QS Quantem and highways sqm. The Southern Manufacturing Sector Milestone. Project Promoters: Nottingham City Council

Scale: £340m GDV

Sector: Residential/Retail/Leisure

Location: Close to Nottingham City Centre

Investment Type: Forward and development Waterside funding including PRS

Nottingham Programme: Opportunity 2018–2033 Planning Status: Nottingham Waterside provides strategic investment and development opportunities, to help shape the Various sites with full and early stages of the project and the wider Waterside outline planning permission Regeneration Area within the city of Nottingham. https://www.nottinghamcity. The Waterside Regeneration Area covers 27 hectares gov.uk/planning-and- and presents a number of residential and commercial building-control/building- development opportunities for investors and developers a-better-nottingham/ working alongside private and public sector partners housing-developments/ and land owners. This includes Prvate Rented Sector waterside-trent-basin- (PRS) and the need to satisfy the demand for family development/ housing. Overview

Background Nottingham is centrally located in the East Midlands and well connected within the UK. The Waterside Regeneration Area is located to the Southeast of the city centre to the North of the River Trent. It is less than a mile from the city centre and a long-standing regeneration ambition for the city. The City Council is a principle land owner together with private land and The ambition for the Waterside Regeneration lease owners. Area is for it to become an aspirational, thriving neighbourhood complete with Waterside will become a major new mixed waterside living, family homes leisure and use riverside sustainable community with retail opportunities as well as providing new its own identity and character. Located close green infrastructure. The project will deliver to the city centre, it will provide a unique up to 1200 new homes, retail and leisure urban environment, providing the best of uses. urban lifestyle in a modern, safe, vibrant and attractive riverside setting. As a residential- Redevelopment of the area is underway led development, with a large proportion of with new homes being built at Trent Basin. family housing to attract families back to the Phase 1 has seen 35 new houses and 10 city, it will provide homes in a high quality new apartments completed. Phase 2 will waterside environment. be complete by 2019 and see a further 21 houses on site. High quality public realm will create an appropriate setting for new development A further 3 sites across the area have now and this will be crucial to the success of the secured planning permission. The wider regeneration of the Waterside. Central to development will see a large proportion of this will be the new Riverside Path and its family housing along with apartments, retail associated green infrastructure, providing and leisure uses. an attractive and continuous open space for Elevate as developer have acquired walking and cycling along the north bank of additional land and planning permission has the River Trent. been submitted at Trent Keyes (Meadow Lane) for 95 units, including both housing Project Description and apartments. Nottingham City Council’s vision is to turn what is a predominately light industrial Project Promoter and Partnerships and commercial area into an attractive Nottingham City Council are the principle and thriving neighbourhood. The Council project promoter working in partnership is developing a Supplementary Planning with Developer, Blueprint at the Trent Document to support the development of Basin area of the development, and the area and for developer guidance. Elevate Property Group at Trent Keyes for part of the site to deliver new homes and apartments. Project Promoters: Hermes/Birmingham City Council

Scale: £550m GDV (Phase 2 & 3)

Sector: Mixed-use including Paradise commercial, retail, leisure and Birmingham hotel Location: Opportunity Birmingham City Centre The opportunity for investment is available in Investment Type: partnership with Hermes Investment Management, Development partner or funder including co-investment/development finance to support Phases 2 and 3 or on a building-by-building Programme: basis. 2018–2021 (Phase 2) Argent and Hermes enjoy a strong track record for Phase 3 and project completion delivery with a particular strength in the creation of 2026 successful city-scale, mixed use developments. Paradise will benefit from the continuity and commitment of Planning Status: this working partnership which has already delivered Paradise masterplan for all 408,770 sqm of development through some of the most phases has outline planning significant and challenging regeneration projects in the consent UK including Brindleyplace in Birmingham, the Piccadilly www.paradisebirmingham.co.uk area in Manchester and the redevelopment of King’s Cross in London. Overview

Background Located on a seven acre site at the city’s heart, Paradise links Birmingham’s civic and cultural quarters. Comprising ten individually designed buildings across three phases, the £1 billion development is one of the largest and most strategically important city centre schemes outside of London. Paradise comprises almost two million square feet of high quality includes new public realm to include a new commercial, retail, leisure and hotel space, square, in addition to that being delivered as all set in superbly crafted public realm, part of Phase 1. truly befitting its exemplary historical Phase 3 has outline planning permission setting. to deliver a further five buildings and a International professional services firm PwC new large public square, completing the has taken all the 13,935 sqm of commercial improvements in pedestrian connectivity and space in One Chamberlain Square and will space across the city. This will encompass be relocating its 1,400 strong Birmingham c. 64,855 sqm of grade A office and ground team in 2019. It will have the potential to floor retail space. The project is within the accommodate a further 1,000 people for its Birmingham City Centre Enterprise Zone planned regional expansion. (EZ) and has delivered infrastructure works with EZ funding. Project Description Due for completion in 2019, construction Project Promoter and Partnerships of Phase 1 is well underway and includes The project promoter is a joint venture One Chamberlain Square and Two between Hermes and Birmingham City Chamberlain Square that comprise Council. 15,980 sqm and 17,000 sqm of Grade The Paradise redevelopment is being A office and ground floor retail space brought forward through Paradise respectively. Phase 1 also incorporates Circus Limited Partnership (PCLP), a the much improved and enhanced private-public joint venture between Chamberlain Square and connected British Telecom Pension Scheme (BTPS) public realm, together with associated and Birmingham City Council; Hermes highways alterations and a basement car Investment Management manages the park that initially provides c. 300 car investment on behalf of BTPS. PCLP is park spaces. Phase 1 completion links delivering the enabling works including the with the completion of other significant creation of serviced development platforms neighbouring projects such as the Midland for the Building Developers. The private Metro extension to Broad Street, the sector funding for the specific buildings £13 million refurbishment of Centenary is being managed by Hermes Investment Square and HSBC’s relocation of its Management, which has partnered business and personal headquarters from with Canada Pension Plan Investment London to Arena Central. Board (CPPIB) on the first phase of the Paradise Phase 2 includes One Centenary development. Advisors to the project to Way, a c. 26,010 sqm office building, with date include Legal BLP, Hogan Lovells space for shops and restaurants at the and Eversheds; Engineers Arup and PBA; ground and upper ground level; a new 4* Architects Glenn Howells and Eric Parry; plus hotel with approximately 250 bedrooms Landscape Architects Grant Associates; QS and Three Chamberlain Square, offering Faithful & Gould Atkins and Planners Deloitte 13,006 sqm of Grade A Offices/Retail. It also and Turley. Project Promoters: Birmingham City Council

Scale: £285 million GDV

Sector: Birmingham Industrial, logistics

Location: Peddimore North Birmingham

Sutton Coldfield, Birmingham Investment Type: Opportunity Equity investor/funder Programme: The appointment of a Development/Investment Partner has commenced under the OJEU Procurement of delivery competitive dialogue route. This is a major mixed partner underway use scheme in a prime location that will be brought forward in two phases. Planning Status: Phase 1 development partner Following the appointment the City Council will also March 2018, full planning be open to enquiries from companies looking to invest application within 12 months in units in excess of 80,000 sq feet of production, manufacturing and logistics accommodation. Further https://www.birmingham.gov. investment and/or development opportunities will flow uk/peddimore from the development of the second phase of the site. Overview Phase 2 will commence at a later date and will be targeted at major investors and occupiers who can generate significant Background employment and drive economic growth in a Peddimore will be an exemplar industrial highly sort after central UK location. development in the heart of the West The development of Peddimore is a once in a Midlands, creating up to 10,000 jobs and generation opportunity to deliver a new and making a £350 million contribution to the truly outstanding destination in the City for local economy. At 71 hectares, the site high-growth companies. is one of the most significant industrial opportunities in the UK. Project Promoter and Partnerships Occupying a strategic and highly accessible This unique development opportunity has location on the north-eastern edge of been actively marketed via the OJEU Birmingham the Peddimore site forms process to select a development partner part of the main industrial corridor in the to bring forward the site. Expressions city, extending eastwards along Heartlands of interest have been received and Parkway to the Midpoint Park industrial organisations shortlisted to participate development. This key corridor is home to in the tender process. The selection of some the city’s major industrial occupiers a ‘Preferred’ Investment/Development including Jaguar Land Rover’s assembly Partner is anticipated to take place in plant at Castle Bromwich, GKN and Webasto. March 2018. Due to the site’s size delivery will take place Project Description across two phases. The City Council and the The 71ha site will come forward in 2 selected private sector partner will create a phases. Phase 1 will be 30ha and will partnering structure through a contractual deliver the infrastructure improvements Joint Venture Agreement (JVA) that will needed to service the whole site, including provide a mechanism for the development to a new access from the A38 and utilities be delivered. and services. Add promoter details and advisors Phase 1 will benefit from an unrestricted consent for Light Industrial, and General The promoter Birmingham City Council is Industrial, with the potential to also working with Greater Birmingham & Solihull accommodate Research and Development LEP and West Midlands Combined Authority. and Warehousing and Distribution uses. The project advisors include property/ commercial GVA and legal Pinsent Masons. Project Promoters: Stoford Developments

Scale: £100m+ GDV

Sector: Commercial

Location: Redditch, Worcestereshire

Investment Type: Development finance and Redditch Gateway forward equity funding

Redditch, Worcestershire Programme: 2018-2023 (8 phases) Opportunity Planning Status: Development finance and forward funding based on identified occupiers is sought from investors, to Outline application approved deliver one of Worcestershire’s priority and much January 2018 sought after development sites. www.stoford.com/site/ redditchgateway Redditch Gateway offers opportunities on a multi phased mixed commercial development. Overview

Background Redditch is located adjacent to the M40 / M42 corridor, which represents an important sub-regional focus for economic growth. The M42 is seen as an economic gateway and has been identified as a priority by the Greater Birmingham and Solihull LEP, and its potential significance for North Worcestershire is recognised at a strategic level. Redditch Gateway extends to circa 78 acres The corridor offers immediate access to both and is strategically located on the eastern existing and planned infrastructure including fringes of Redditch 2.5 miles from the town Birmingham International Airport, the centre. The development site is accessed via National Exhibition Centre and potentially the A4023 which good links to the A435 and High Speed 2 and accommodates a number the Midlands motorway network at J3 of the of key businesses with strengths in advanced M42 2.5 miles north. The site is therefore manufacturing and business services. in easy reach of Birmingham International Airport and links to London via the M40 The Redditch Gateway development is an motorway. exciting opportunity to build on the town’s wealth of engineering and manufacturing Strong growth in the area alongside supply expertise. The new development aims to constraints mean this is an excellent promote and enhance supply chain links opportunity to invest in a major commercial and to further develop the skills of the local development at the heart of the country that labour market. seeks to strengthen the UK’s industrial and distribution sector. Located in North Worcestershire its employment catchment area covers part The project has also secured funding from of South Birmingham, Solihull and the Worcestershire Local Enterprise Partnership Black Country with more than 6 million and Homes England. people within commutable distance of the development. Project Promoter and Partnerships Worcestershire County Council, Redditch Project Description Borough and Bromsgrove District The Redditch Gateway development is set Councils are working in partnership to to deliver up to 2,300 jobs to the area as bring the site forward which includes well as an increase in economic growth, the developer Stoford, Warwickshire through the development of high-quality County Council, Strafford on Avon headquarters-style manufacturing and Borough Council and key economic distribution facilities. partners including Worcestershire LEP, Greater Birmingham and Solihull LEP and Coventry and Warwickshire LEP. Project Promoters: Skylon Park, Hereford Enterprise Zone on behalf of Herefordshire Council

Scale: £105m GDV Skylon Park Sector: Commercial Hereford Enterprise Zone Location: Hereford City, Herefordshire Hereford City, Herefordshire Opportunity Investment Type: The promoters’ preference is for a long term strategic Long term, strategic developer partnership with landowner Herefordshire Council. / investor partnership with Both Skylon Park, Hereford Enterprise Zone and the landowner landowner are open to discussions about investment Programme: type and structure, with phasing of the investment opportunity as an option. 2018 onwards Skylon North Magazine and Skylon South are the Planning Status: premier development locations on the Park and are Outline permission granted conducive to larger scale Commercial development opportunities for investors, with particular interest in www.skylonpark.co.uk defence, security and advanced manufacturing. Overview The North Magazine comprises 10 Ha and by summer 2019 will be home to a £7 million Business Incubation Centre including Background development space for businesses to Skylon Park, Hereford Enterprise Zone interact with a new University being created is a 70 hectare business park focussing in Hereford, specialising in engineering. on regional business sector strengths Skylon South comprises 4 hectares as a next notably defence, security and advanced phase development with immediate access manufacturing. onto the dedicated access road linking to Major investment is already underway the trunk road network. It will be adjoining on infrastructure, services and ground a new £9 million Centre dedicated to Cyber preparation to provide development ready Security business and research, sponsored areas, including an ultrafast broadband by the University of Wolverhampton and due network. Outline planning permission is to be opened in 2019. already in place as part of a simplified, Due to the proximity of the UK Special Forces speedy and free process. base, Qinetiq at Malvern Science Park and Current investors in the Park include GCHQ at Cheltenham, the area is known for KGD operating in the offshore oil and gas its specialism in defence and security, and the industry and Techtest/HR Smith, an avionics Cyber Centre will add to that asset base. manufacturing company, manufacturing Project Promoter and Partnerships advanced airborne antenna systems for commercial and military application. The project promoter is Skylon Park, Hereford Enterprise Zone acting on behalf Project Description of the landowner Herefordshire Council. There is already considerable business Hereford Enterprise Zone Ltd is a specific interest in Skylon Park, with 55,000 public/private partnership company sqm of development space built, under created to facilitate the development of construction or in advanced negotiation Skylon Park and to enhance the local with 34 new businesses already in economy. occupation. Private sector investment in land and buildings is already well in excess of £30 million. Project Promoters: Birmingham City Council Scale: Circa £1 billion GDV Sector: Birmingham Leisure, Retail, Office, Residential Smithfield Location: Birmingham City Centre Birmingham City Centre Investment Type: Opportunity Equity investor/funder Programme: The appointment of a Development/Investment Procurement of delivery Partner has commenced under the OJEU competitive partner underway dialogue route. Following the appointment there will be potential for a range of sub-contracting, equity Planning Status: investment, development funding and occupancy Masterplan in place opportunities. http://www.birmingham- Birmingham Smithfield is a major multi-phase mixed use smithfield.co.uk/ scheme in a prime city centre location. Overview family leisure, cultural buildings, a residential neighbourhood, public squares and transport facilities. The site has capacity to Background deliver 300,000sq. metres of new floorspace Birmingham is currently experiencing an and 2,000 new homes, with an investment unprecedented period of change as billions value of £1BN. of pounds of investment is transforming The site is within an Enterprise Zone (EZ), the City’s economy, in part by being at the with EZ funding allocated to support the heart of the future UK High Speed Rail sites development. The relocation of the network. wholesale markets from the area to new Over the next decade this will continue facilities within the city marks the beginning at a dramatic pace as new jobs, transport of a new era and the opportunity to realise facilities and residential communities the transformational potential. are delivered. The impact of this will see Project Promoter and Partnerships Birmingham realise its full potential, The selection of a ‘Preferred’ Investment/ becoming a truly international city at the Development Partner is anticipated to centre of a successful West Midlands region take place in late 2018 with the formal and a driving force of the UK. appointment of the Partner being made in As one of the largest and most attractive 2019. city centre development sites in the country, Due to the site’s size a phased approach to Birmingham Smithfield will be a key part of delivery will occur. The City Council and the this evolving growth story. selected private sector partner will create a Project Description partnering structure through a contractual Covering 14 hectares Birmingham Joint Venture Agreement (JVA) that will Smithfield has all the ingredients to provide a mechanism for the development to become a hugely successful and vibrant be delivered. place. It will be able to capitalise on Birmingham City Council as promoter is the rich history of the area as well as working in partnership with the Greater proximity to the major retail offer and Birmingham Solihull LEP and West Midlands High Speed 2 terminus. Combined Authority, and advisors Cushman The future vision for Birmingham Smithfield & Wakefield. includes new vibrant retail markets, exciting Project Promoters: University of Leicester Scale: £100m GDV Space Park Sector: Research & Development, Leicester Commercial and Industrial Location: Waterside Waterside, Leicester Opportunity Investment Type: Development funding, equity, The promoter is open to discussions about possible debt finance, co-development investment structures to include equity partners, development funding, debt finance and co- Programme: development opportunities. 2019 onwards Space Park Leicester is an ambitious initiative to develop a global hub and collaborative community based on Planning Status: space and space-enabled technologies. It will be a new Outline Pre-application Local centre for the analysis and commercialisation of space- Plan Allocation enabled data and space mission development. Space Park www.le.ac.uk/spacepark Leicester offers an exciting and strategic opportunity to investors to shape this project at an early stage. Overview Soar and Grand Union Canal. The site is already home to the National Space Centre and presents a significant The key themes of the Space Park include opportunity for development around this Research and Development, supporting iconic building. world-leading UK capability in satellite The creation of the Space Park on manufacture and use, and recognising the Leicester’s Waterside is an exciting vision status of satellites as one of the eight that reflects the city’s ambitions for growth. emerging technology sectors. It will play a key part in realising the ambition The Park will facilitate access to, and analysis of cutting-edge translational research and of, space-enabled data including ‘Big Data’, enterprise enriching the local and regional the ability to combine vast sets of data in economy and fuelling the Midlands as an new ways to create new linkages, patterns engine of future growth. and ultimately new knowledge. It will also The initial phase will focus on data provide education and training for the interpretation and Earth Observation. It space sector and related high technology will allow access to specialised computer sectors, including traditional University facilities and a pop up laboratory. University undergraduate and postgraduate courses, of Leicester students will be working on site, and apprenticeships. engaging in industry related projects. Located at the heart of the UK, Leicester is Phase two will focus upon Space Engineering the largest economy in the East Midlands with additional clean room facilities and high and one of Britain’s most attractive and tech equipment. cost-effective places to develop, own or lease commercial property. Compared Project Promoter and Partnerships with London and many other UK cities, The University of Leicester has a long and Leicester has a remarkably low operating distinguished record of discovery in space cost-per-head. The multi-million pound and Earth observation science. Every year regeneration of Leicester is making the city since 1967 a Leicester-built instrument an outstanding investment destination. has been operating in space. Project Description The University is working in collaboration Space Park, Leicester is being developed with funding, business and local on the Waterside zone just north of stakeholders, to launch Space Park Leicester. Leicester city centre, next to the River Project Promoters: Stafford Borough and Staffordshire County Councils Scale: £381m GDV Overall Masterplan £51.5m+ GDV (Phase 1 Gateway North) Sector: Stafford Gateway Mixed use, residential and commercial North Location: Stafford Town Centre Stafford Town Centre Investment Type: Equity investment, forward Opportunity funding, joint venture developer The promoter is open to discussions regarding partnership possible investment structures, however these Programme: should include equity, forward funding and joint 2018–2024 venture developer partnership with the local authorities. Planning Status: Stafford Gateway North is an opportunity to help Gateway North Local Plan deliver the first phase of a dynamic town centre allocation residentially led development, within a larger master- www.staffordbc.gov.uk/ planned opportunity for new business/commercial and staffordregeneration residential districts with direct access to future High Speed 2 (HS2) rail services at Stafford Station. Overview

This is a unique opportunity to deliver the first phase of development in one of the Constellation Partnerships flagship projects. The Stafford Station Gateway Masterplan is located in one of the regions fastest growing areas and will deliver 3 principle phases of development; Gateway North (predominantly residential), Gateway Central (a mix of residential and commercial) and Gateway South (predominantly commercial). Background The investment is at the heart of the wider development of Stafford as a sub- Access and connectivity are key to the regional growth area within the West project and to Phase 1. Hence delivery of the Midlands. Stafford has already seen £60 million Stafford Western Access Road, £100 million investment in a new retail integral to the vision to unlock the Stafford offer as part of a £1.2 billion investment Station Gateway Masterplan and HS2 rail programme which includes a minimum station, will be in place by 2021. of 10,000 new homes. The arrival of HS2 With an Outline Planning application rail services to Stafford will significantly submitted by mid-2018, and following the enhance the County Towns already proposed completion of remediation and excellent connectivity to national rail and access/services infrastructure by autumn motorway networks. The investment takes 2019, phased construction over a 5 year advantage of a high skills base and the period is expected to commence in late 2019. growth of digital, advanced manufacturing and professional services in the area. Project Promoter and Partnerships The Stafford Station Gateway Masterplan Overall, the wider Stafford Station Gateway is being managed and promoted by a Masterplan includes 75,000 sqm of offices, partnership between Stafford Borough 800 new homes, 120 bed hotel/conference Council and Staffordshire County Council facility, 2,000 sqm of retail/leisure, 3,000 and has been supported by a specialist sqm of industrial, 1500 multi-storey parking advisory team led by the Building spaces, and railway station upgrades Design Partnership (BDP). The project together with 6.5 hectares of urban green is supported within the Constellation and civic space. Partnerships Growth Strategy and aligned Project Description with the “Make it Stoke-on-Trent & Station Gateway Masterplan provides a Staffordshire” LEP Major Projects new Central Business District together & Strategic Sites portfolio. with new residential neighbourhoods in two further phases to the south of the Gateway North sites. Stafford Gateway North is a residential led project located on 7.7 hectares of prime town centre land, and is the first phase of the Station Gateway Masterplan. Phase 1 is proposed as an urban residential development of up to 250 homes including 100 apartments and 1.2 hectares of commercial development. Project Promoters: Bluefield Sandbach, Genr8, Realis Estates Ltd & Stoke‑on‑Trent City Council Scale: £310m+ GDV Sector: Mixed use – retail, leisure, commercial and residential Location: Stoke-on-Trent Stoke-on-Trent City Centre Investment Type: Forward funding, equity, City Centre development partner, City of Stoke-on-Trent co‑developer Programme: Opportunity 2018-2023 A range of opportunities are potentially available to Planning Status: investors across the three sites within the Stoke-on- Outline and detailed planning Trent City Centre project including forward funding, consents equity, development partner and co-developer. www.smithfieldstoke.com Bluefield Sandbach are developing Century Street whilst Genr8 and Realis Estates Ltd are developing Smithfield www.unitywalk.co.uk and Unity Walk respectively. Overview Century Street, being developed by Bluefield Sandbach, is a prime 5.3 hectares residential development opportunity on the edge of Background the City Centre with capacity for up to 350 The nature and scale of recent homes. An outline planning application for investments have the potential to up to 350 residential units of various sizes transform the Stoke-on-Trent and has been submitted, providing a mix of unit Staffordshire economy into a regional sizes and lifestyle choices. force with national and global importance. Smithfield is a 62,000 sqm commercial- Some of the world’s biggest companies led development by developer Genr8 that like JCB, Jaguar Land Rover and Amazon includes two 10,000 sqm office buildings are investing millions locally. already completed and largely occupied. Stoke-on-Trent is the main urban area in The next phase of the project is delivering North Staffordshire with a population of just a 4-star Garden Inn 140 bed hotel, detailed over 250,000 people, and is part of a larger planning for which has been secured along conurbation with approximately 400,000 with a detailed planning consent for the inhabitants known as “The Potteries”. With Smithfield Private Rented Sector (PRS) its rich industrial heritage and history, Stoke- scheme for 277 units. on-Trent has respectfully claimed the title of Unity Walk received full detailed planning World Capital of Ceramics. consent earlier in 2017, for a 40,000 sqm As the retail, cultural and commercial retail-led development by developer Realis destination for the wider sub-region, Stoke- Estates Ltd that includes a cinema, café and on-Trent’s economic growth rates per capita restaurant opportunities, a 90 bed hotel and have outpaced national growth rates for the over 600 car park spaces. last seven years. The City is undergoing an Project Promoter and Partnerships economic transformation, facilitated by a local investment in infrastructure which is Stoke-on-Trent City Council as a driving cross-sector regeneration schemes, landowner in the city centre is working job and wealth creation. with the developers for each of the three schemes. The project as a whole Project Description incorporates a number of advisors Three significant development including CBRE on Unity Walk, GVA and opportunities are currently available in Jones Lang Lasalle on Smithfield and Stoke-on-Trent City Centre which will Wardell Armstrong on Century Street. continue the City’s transformation. Project Promoters: Telford Council Scale: £105m GDV Sector: Telford Investment Industrial and Advanced Manufacturing Cluster Location: Telford, Shropshire Telford, Shropshire Investment Type: Developers, equity investors Opportunity and forward funding for This project is an immediate investment opportunity identified occupiers for developers, equity investors and forward funding Programme: for identified occupiers, with no barriers preventing 2018 onwards development in Telford. Telford Investment Cluster is an industrial opportunity Planning Status: on 50 hectares of prime development land, and part of Allocation in the recently the regions Advanced Manufacturing and Innovation adopted local plan Corridor. The sites available for purchase provide the http://www.enterprise-telford. ability to deliver a mixture of industrial units to meet co.uk/ demand from national and international firms in a highly skilled employment location. Overview The delivery of the sites in underpinned by a multi-skilled consultancy service BIT-Group wholly owned by Telford Council Background who provide a full turnkey solution. Telford located west of Birmingham on Therefore as a developer/investor there is the M54 was created as a New Town in the ability to deliver a range of industrial 1968 and retains a legacy of publicly units to meet demand and spread risk in owned land for commercial development, already established employment locations predominantly in the ownership of along the northern edge of Telford. Government, Homes England. Each development within the cluster can Already boasting a central location, access be delivered in phases and therefore the to a skilled workforce and affordably priced opportunity exists for positive return for land, the town is transforming the land offer longer term investment over the phased into immediately deliverable opportunities construction period. free from constraints. The Telford Land Deal, All the sites that form the investment conceived in April 2016 differentiates Telford opportunity benefit from allocation in the from its rivals. recently adopted local plan. In addition a Since its launch, the Telford Land Deal has large proportion of sites are also subject attracted £236 million of investment to the to detailed planning applications that have area and prompted the sale of £23 million been submitted in February 2018 and are worth of land. It has created 988 new jobs due for determination in April 2018. as well as stimulating the construction of over 86,000 sqm of commercial floor space. The Telford Investment Cluster is particularly Investors include Magna International, a attractive at a time, and in support, of supplier to nearby Jaguar Land Rover, the drive for growth though the UK Polytec a reinforced plastics supplier and Governments Industrial Strategy. German plastics and polymer specialist Project Promoter and Partnerships Craemer Group. The project is being promoted by Project Description Telford Council in partnership with Whilst significant investment has already Homes England and The Marches Local been secured there remains a strong Enterprise Partnership. Advisors to continuing demand for industrial floor the project include the commercial and space. property firm Lambert Smith Hampton. Project Promoters: Derby City Council Scale: Heart of the City, £165m GDV Sector: Performance Venue/Retail/ Derby Leisure/Residential/Office Derby City Centre Location: Derby City Centre Opportunity Investment Type: A range of investment opportunities are available Equity investment/development from equity funding for strategic assets through funding to potential partnership and development funding opportunities to revitalise the cultural and historic Programme: quarter of the city for the future. Derby City Council 2018-2025 is open to discussions about potential investment Planning Status: structures and there is an opportunity to shape the development process. Pre-application consultation early 2019 Heart of the City is Derby’s flagship regeneration programme for the city centre, led by its new http://www.derby.gov.uk/ performance venue. It therefore offers a unique range environment-and-planning/ of investment opportunities in and around the centre of regeneration/regeneration- this historic cathedral city. projects/ccmp_2030/ Overview

Background Derby is home to the global headquarters of Rolls-Royce, Toyota UK Manufacturing and the world’s largest rail tech cluster including Bombardier. The city sits at the heart of the UK transport networks and is a top UK city for start-ups, hi-tech business and economic performance, whilst salaries are the highest in the UK outside of the South East. There is a direct rail link from Derby to London St Pancras which takes less than 90 minutes. East Midlands Airport, the second largest freight handling airport in the UK, is it will host 420 events per year, bringing within easy reach of Derby, as is Birmingham 322,000 people to the city centre, boosting International Airport. the economy by £10 million. Based in and around Derby’s award-winning, The project is the first delivery phase of historic Cathedral Quarter, the Heart of the Derby’s City Centre Masterplan to boost City scheme is the linchpin of a dramatic regeneration and economic development. rejuvenation of Derby’s city centre. The scheme also includes opportunities Derby has seen over £4 billion invested for regeneration at Becket Well. This into the city since 2005 from the public scheme is expected to offer new residential and private sectors. The Heart of the City development and Grade-A offices with retail scheme is seen as the major regeneration and leisure development. project to transform the city centre Refurbishment works will get underway in economy. February 2018 on the Market Hall. A detailed planning application is due to be lodged by Project Description early 2019 for the Performance Venue whilst The development will include a new early discussions have been held regarding performance venue, regeneration of the the future of Becket Well. Market Place and refurbishment of the Victorian Guildhall Market, to become the Project Promoter and Partnerships cultural heart of the city. Derby City Council, as promoter, are The Performance Venue will be a working with the private sector through 3,000-capacity space, capable of hosting live the Derby Renaissance Board, made up music, comedy and touring productions, with of business leaders in the city. Cushman the flexible design also offering significant & Wakefield have been appointed as conferencing facilities. Costing c. £32 million, Strategic Property Advisors to the project. Project Promoters: Bolsover Land Ltd Scale: £175m GDV Sector: Commercial Tudor Cross Location: Bolsover, Derbyshire Bolsover, Derbyshire Investment Type: Opportunity JV development partners; forward funding for identified The promoter seeks forward funding for identified occupiers occupiers for the first phase of this prime Industrial and Logistics Park where plots will be available from Programme: late 2018. Tudor Cross is ideally situated on the busy 2018 onwards M1 motorway corridor. Planning Status: Opportunities also exist for potential investors and Outline planning consent for investment partners in the promotion and development Phase 1, Phase 2 subject to of the second phase of the employment park which is future planning intended to attract innovators in manufacturing and distribution from a range of sectors. Interested parties www.tudorcross.co.uk may include higher education establishments seeking facilities linked to specific industrial sectors. LEEDS M621 M1 43 HULL 27 29/42 M62 A63 41 32A 33 40 35 Overview 39 IMMINGHAM 38 5 SCUNTHORPE A180 37 DONCASTER GRIMSBY M180 M1 M18 A1(M) 36 35

35 2 Background ROBIN HOOD M1 34 1 Shuttlewood Road 33 J29A To the North 32 B6418 SHEFFIELD Junction 29a of the M1 motorway and the Chesterfield Road 31 A6192 Markham 30 Markham Vale Enterprise Zone is a sought CLOWNE Lane A6419 CHESTERFIELD 29A Buttermilk Lane BOLSOVER Shuttlewood Road after location for businesses, particularly The Site 29 M1 in the warehousing, distribution and 28 A632 STOKE-ON-TRENT A38 27

26 NOTTINGHAM Chesterfield Road Station Road logistics sector. The Tudor Cross project To the South A50 DERBY 25 M1 EAST MIDLANDS 24 Bolsover will deliver a 47 hectare commercial 23A business park up to 146,000 sqm of floor A632 space for high-quality growth businesses in targeted sectors. commercial plots and will be available from Project Description late 2018. Demand for well-located employment land On the remaining 20 hectares of land within in the region far outweighs the supply North East Derbyshire District Council, Phase as proven by the adjacent development 2 will deliver 72,000 sqm of employment at Markham Vale which has very little land which will be available from 2019. remaining land. Tudor Cross, therefore, represents significant opportunities for Project Promoter and Partnerships industrial and business growth for the The promoter is a successful joint district and the surrounding areas. venture between London based private equity investor Marcol and St Francis A new master plan has recently been Group, a Midlands based contractor / developed which accommodates the impacts developer with a proven track record of High Speed 2 (HS2). The first phase of in the remediation and regeneration remediation within Bolsover District Council of brownfield land. The two parties are on the former Coalite Works site was currently working together on a former completed in 2017, and infrastructure works Rolls Royce site in Bristol (Horizon 38) are planned to commence later in 2018. which has been fully remediated and Phase 1 of the development which occupies enabled to create a 65 acre mixed use 27 hectares of the site within Bolsover business park that is due to be completed District Council, will deliver 74,000 sqm of in 2019. Project Promoters: Urban Growth Company (on behalf of Solihull MBC) Scale: UK Central Hub and £2bn+ GDV Sector: Mixed use – infrastructure, HS2 Interchange commercial and residential Solihull, West Midlands Location: Solihull, West Midlands Opportunity Investment Type: With multiple phases leading up to 2032 and Equity investor, developer beyond, The Hub presents a wide range of equity and & development funder development partner opportunities. There is also a Programme: strategic opportunity to shape the project at an early stage, as the The Hub becomes a major engine for Phase 1 (2018-2022) growth at a national level. Planning Status: Set at the heart of the UK’s transportation network Proposed within Solihull Draft with direct access to future high speed rail, national rail, Local Plan Birmingham Airport, the NEC and Jaguar Land Rover, www.ugcsolihull.uk and with plans to create a new urban quarter, The Hub will become Europe’s best connected destination for business, leisure and living. Overview Coast rail line. Plans to create a fully- integrated transport hub at Birmingham International Station – bringing together Background future high speed rail, existing rail, The Hub is a unique concentration of air, trams, buses, private vehicles and bicycles by 2025 – will also provide global businesses and strategic economic significant investment opportunities. assets. It has a wide range of development opportunities, including the 140 hectares The UGC’s Growth & Infrastructure Plan Arden Cross development site which predicts that The Hub has the potential to will be home to the HS2 Interchange create up to 77,500 new jobs, 775,000 sqm Station, Birmingham Airport, Birmingham of commercial space, 4,000 homes and Business Park, the National Exhibition £4.1 billion GVA per year. Centre (NEC) and Jaguar Land Rover. Since the publication of the Hub Growth & The Hub is being developed around a Infrastructure Plan, the UGC has published a contemporary set of place making principles, number of supporting documents which lay the foundations for attracting investment creating a compelling place to live and work. including; a Framework Plan which details Led by the Urban Growth Company (UGC) the primary and secondary infrastructure – a special-purpose delivery vehicle tasked requirements and timings to deliver with realising the full economic potential of sustained and coordinated growth across the infrastructure investment and growth The Hub; and a Value Capture Framework plans of all stakeholders involved - The Hub & Toolkit outlining how investment in has already secured investment from the UK infrastructure can be recovered and Government, the West Midlands Combined reinvested. Authority, HS2 Ltd and Highways England. The UGC has also agreed a schedule of Over £925 million of direct investment has changes with HS2 Ltd to upgrade previous been allocated for infrastructure investment plans for a parkway-style station at the in and around The Hub, with further growth Arden Cross site, which will deliver the planned in five year tranches. infrastructure needed to develop a new, fully-connected, urban quarter with the HS2 Project Description Interchange Station at its heart. As an international gateway located at the centre of the UK, The Hub is Project Promoter and Partnerships at the heart of the air, road and rail The project promoter UGC, on behalf of network – home to Birmingham Airport Solihull MBC is working in partnership offering direct connections to 140 with Greater Birmingham and Solihull destinations and alongside direct access Local Enterprise Partnership and West to the M42 motorway and the West Midlands Combined Authority. Project Promoters: City of Wolverhampton Council / Canal & River Trust Scale: Interchange £150m+ GDV Sector: Commercial District Mixed-use Location: and Canalside Living Wolverhampton Investment Type: Quarter Developer partner / funding; Wolverhampton City Centre equity. Programme: Opportunity The City Centre regeneration programmes identifies a range The promoters would welcome the interest of of sites for delivery across 0-3, developers and investors to discuss a range of 3-6 and 6-10 year programmes investment opportunities around the Canalside / with associated infrastructure. Interchange area, and are open to discussions about possible investment and delivery structures. Planning Status: The plots across the Canalside and City Interchange Planning certainty provided by offer investment opportunities suitable for residential, recently adopted Area Action leisure and commercial developments. The potential Plan and Masterplan signalling exists for up to 92,903 sqm of commercial and leisure use-type but remaining flexible floorspace aligned to the excellent locational advantages on detailed design. of the City Interchange as well as 250 new homes as www.investwolverhampton. part of the first phases of the Canalside Quarter. com Overview use regeneration programme. Around the transport interchange there exists potential for Wolverhampton to grow its Background office offer by up to 93,000 sqm over ten The Wolverhampton Canalside and City years. This potential capitalises upon the Interchange project is the next phase of locational advantages and connectivity a highly successful city centre mixed use of Wolverhampton to offer the potential regeneration programme. for a Commercial Gateway of regional The Interchange area is undergoing a significance. The centrepiece of this office £150 million transformation to create an offer is i9 – a distinctive new landmark integrated commuter hub with a modern building within two minutes’ walk of the railway station that will handle more that railway station and five minutes from the 4.7 million passengers a year, improved city’s retail centre. facilities for motorists and cyclists and The construction of the new station extended Metro services. Works to redevelop building began in December 2017. This the station began in December 2017 and is a major milestone and the work is due enabling works for the tram extension are to be completed in 2020. Alongside this underway. a new multi-storey car park completed in Less than 5 minutes’ walk from the City 2017 will serve Interchange with associated Interchange, the new Canalside Quarter will reconfigured access arrangements enabling represent an extension to the city centre and the tram line extension to come forward. will offer residential, leisure and commercial There has also been a funding application opportunities within a historic setting. The submitted for i9 – the next commercial phase historic infrastructure of the canal, railway of the Interchange masterplan comprising viaduct and the associated heritage 6,503 sqm of Grade A office space. buildings from the Victorian era provide a Project Promoter and Partnerships rich multi-layered canvas within the site. The Canalside and Interchange Improvements to the City of Wolverhampton programme is promoted by City of Station will provide direct access into the Wolverhampton Council in partnership High Speed 2 (HS2) network. with Canal and River Trust, Ion Project Description Development, West Midlands Combined Authority, Homes England, Network Rail, The Wolverhampton Canalside and City West Midlands Rail, Virgin Trains and Interchange project is the next phase Midland Metro Alliance. of a highly successful city centre mixed Worcester Growth Project Promoters: Worcestershire Local Enterprise Corridor Partnership

Worcester Scale: Opportunity £300m GDV Development finance and / or long term investment Sector: capital is sought to bring forward c. 150 acres of high Industrial / Office / Research quality commercial development across eight sites & Development within the Worcester Growth Corridor. Location: The Worcester Growth Corridor is a commercial and industrial development that will serve as a gateway for Worcester, J6-J7 M5 Motorway the city. With a focus on the manufacturing sector has Investment Type: the goal of supporting and attracting technology-rich manufacturing companies. The corridor will tap into Development finance; long term local skills in information technology, defence and cyber investment capital sectors. Programme: With particular strengths in advanced manufacturing, 2018-2026 agri-tech, Information Technology including a rapidly growing cyber security specialism, the County of Planning Status: Worcestershire attracts internationally recognised Outline planning for 140,000 businesses such as Joy Mining, Yamazaki Mazak, Bosch, sqm GKN, Halfords, Vax, Brinton’s Carpets and Morgan Motors. It is also rapidly establishing itself as the ideal www.worcestersix.co.uk location for corporate headquarters. Overview

Background The Worcester Growth Corridor will be the City’s primary entrance from the strategic highway network, intended to position Worcester as a first rate Cathedral City building its reputation as a business, civic, commercial and shopping destination. The corridor presents opportunities to unlock high-quality employment areas and serve as a gateway for the city of Worcester. Positioned on either side of the M5 Motorway between junction six and seven, providing excellent accessibility and strategic transport links to regions across the UK. Worcester Six is set to become one of the region’s flagship developments in the world Project Description class location of Worcestershire. The site is still in the early stages of development The Worcester Growth Corridor with the first phase of infrastructure being commercial development covers completed in 2016. Further phases of eight sites which are located on the development are being brought forward for strategically important motorway network delivery in 2018. to the south of Birmingham and the wider Midlands conurbation. The site will deliver Project Promoter and Partnerships industrial, distribution and office space and is the key strategic employment site Stoford Developments are developing the in Worcestershire. initial site in partnership with a number of key local authority stake holders Initial development of the Corridor is including Worcestershire Local Enterprise underway with the Worcester Six site. The Partnership, Worcestershire County site is circa 70 hectares with a consent Council, Worcester City Council and for 140,000 sqm of office and industrial Wychavon District Council. buildings. Targeted at high value and technology advanced manufacturing companies, the project is intended to set the tone through sensitively designed development that will benefit from Worcestershire’s wider environmental context. The site’s primary focus is the manufacturing sector and the site has already attracted high profile investors including Kimal and Spire Healthcare.