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Inward Investment Guide to the UK Inward Investment Guide to the UK A special supplement produced by for 14 - 17 March 2017, Cannes, France INSIDE: England’s regions – London, the South East, the South West, East of England, the West Midlands, the East Midlands, Yorkshire & Humberside, North West, North East PLUS: Scotland, Wales and Northern Ireland is media partner to the UK Government Pavilion at Welcome to MIPIM 2017 MIPIMUKMIPIM 20162017 2014 Welcome to our investors’ guide What’s inside UK’s 12 English regions and the including London, Manchester, 3 Overall regional focus three devolved countries, Scotland, Birmingham, Liverpool, Sheffield, 4-5 Wales and Northern Ireland. Inward Investment Guide to the UK Edinburgh, Glasgow, Belfast and London region A special supplement produced by 6 North West region We are also delighted to be for 14 - 17 March 2017, Cannes, France Cardiff. Many of the English 7 Rochdale a media partner of the UK authorities are also marketing 8-9 Burnley Government Pavilion, appearing for themselves through new sub regional 10 Allerdale the first time at MIPIM, and led by entities such as city regions while 11 East of England region 12 South East region the Department for International economic development concepts 13 Crawley Trade with the involvement of the like the Northern Powerhouse 14-15 Basingstoke Department for Communities and and the Midlands Engine are also 16 South West region e would like Local Government, HM Treasury’s well established. Indeed the new 17 Devon to extend a Infrastructure Procurement Midlands UK pavilion will promote 18 West Midlands region warm welcome Authority, the Homes and £14bn of investment in both the 19 East Midlands region to delegates Communities Agency and the INSIDE: England’s regions – London, the South East, the South West, East of England, the West Midlands, the East East and West Midlands. 20-21 Yorkshire & Humber region Midlands, Yorkshire & Humberside, North West, North East attendingW this year’s MIPIM Department for Business, Energy PLUS: Scotland, Wales and Northern Ireland The UK is open for business 22-23 Hull LVPHGLDSDUWQHUWRWKH8.*RYHUQPHQW3DYLOLRQDW 24 North East region exhibition and conference in and Industrial Strategy. and we hope this guide will help 25 Scotland Cannes, France, and a particular This year’s MIPIM is likely to remains a highly attractive investors get some idea of the great 26 Wales welcome to investors among them be dominated by the subject of investment opportunity. The UK opportunities the country available 27 Northern Ireland region who are interested in the UK. Brexit and the future of the UK economy remains buoyant and for them. This guide is produced by the economy. Through its pavilion the global companies like Google, publishers of the UK’s leading UK government along with local IBM, Facebook and Accenture have Michael Burton is editorial weekly news magazine for local authorities and the cross-boundary already recently announced major director of The MJ Group government, The MJ (Municipal local enterprise partnerships investment projects in Britain. and edited The MJ Inward Inward Investment Guide to the UK Journal) and aims to give investors is sending a clear message to Among the many UK local Investment Guide to the UK at MIPIM a basic snapshot of the international investors that the authorities exhibiting are some [email protected] Published by Hemming immense potential available in the UK is wide open for business and of the most dynamic in Europe @mjmikeburton Media, publishers of The MJ and themj.co.uk 32 Vauxhall Bridge Road, UK local authorities out in force to attract new business London SW1V 2SS. 020 7973 6400. he UK is out in force this year at MIPIM as its local authorities, city regions, the new combined authorities and Advertising: Among the UK local authorities exhibiting local enterprise partnerships promote their top attractions to at MIPIM by UK region or country are: Andy Lees inward investors. The biggest presence includes the London 01625 614000 Tpavilion, with many of its boroughs and the Greater London Authority, London: Wolverhampton, Greater Editor: plus Greater Manchester, the Northern Powerhouse, Sheffield, Leeds and London boroughs including Lincolnshire, Telford & The Michael Burton Liverpool city regions and the Midlands Engine. Layout & design: Barking & Dagenham, Bexley, Marches, Nottingham, Over 50 events, featuring nearly 100 presenters and panellists, are Brent, City, Croydon, Ealing, Worcestershire,Stoke-on-Trent Lisa Arcangeli taking place at the Midlands UK Pavilion (C16.B), more than any other Greenwich, Haringey, Harrow, and Staffordshire Emile Francis delegation from the UK. Major investment projects will be unveiled to Hounslow, Kingston, Lambeth, Additional layout: an international audience, while discussion panels and presentations will Newham, Sutton, Waltham North East: Jermaine Ivey cover topics including connectivity, housing and regeneration. Forest, Wandsworth Newcastle, Sunderland, South Tyneside Manchester’s delegation will be the largest it has brought to MIPIM Our other products North West: include Localgov.co.uk, while the city council’s outgoing chief executive, Sir Howard Bernstein, Greater Manchester South East: Local Government News, will be hosting numerous events showcasing the city. including Bolton, Manchester, Slough, Luton Transport Network and the Making an appearance at MIPIM for the first time are the deputy Oldham, Rochdale, Salford, Municipal Year Book mayors for London, Jules Pipe and James Murray who will be promoting Stockport, Trafford, Cheshire Eastern: the capital’s attractions and its global role as well as discussing the impact East, Liverpool City Region, Norwich, Suffolk Lancashire of Brexit. Scotland: The Scottish Cities Alliance, a unique collaboration of Scotland’s seven Yorkshire & Humberside: Scottish Cities Alliance/ major cities and the Scottish Government working together to deliver /HHGV&LW\5HJLRQ6KHIÀHOG Edinburgh/Glasgow economic growth, will be promoting its £7.5bn investor-ready projects City Region, Bradford, as well as highlighting the opportunity to invest in the private rented sector. Doncaster Wales: Supporting the inward investment drive is UK Trade & Investment, Cardiff East and West Midlands: part of the Department for International Trade, which helps UK-based Midlands Engine including Northern Ireland: exporters succeed globally and assists overseas companies to bring high Greater Birmingham, Belfast, Armagh City, HEMMING quality investment to the UK. UKTI has professional advisers both Coventry, Warwickshire, Banbridge and Craigavon MEDIA within the UK and across more than 100 international markets. 2 UK overview MIPIM 2017 The UK continues to be a top destination for investors A record number of investments were made by foreign firms in the UK in the last year and despite Brexit forecasts continue to show a buoyant economy Enquiries for overseas companies looking to set up in the UK Email: [email protected] Contact form: https://invest.great.gov.uk/int/contact/ Telephone: +44 (0)207 000 9012 Overseas companies can contact the Investment Services Team for information about setting up in the UK including the help that is available. broadly similar to levels seen in issues like housing and clean 2012. energy.’ The DIT is now developing The minister added: ‘Britain almost 200 high value exporting remains truly open for business, campaigns to target these markets that’s why my department is and sectors and help companies supporting businesses in the UK make their mark abroad. Since and across the world to attract 2011, 80% of the 712,000 investment to boost our economy. jobs secured or created through Long-term business investments foreign investment were outside like these are a clear vote of of London, proving that foreign confidence in the UK and our investment mostly benefits the strong economy post-Brexit.’ UK’s regions. The USA last year remained International trade secretary the UK’s largest source of inward Liam Fox said: ‘Recent major investment providing 570 projects. investments show how much the This was followed by China UK is valued as an innovative (including Hong Kong) with 156 espite predictions all of the four main components projects were secured in 2015/16, business-friendly country, and and India with 140. Demonstrating last summer that of the services industries increasing an 11% increase on the previous will continue to be as we leave the the UK’s attractiveness to an ever- the UK economy over this period. The services sector year. Since its creation in July, EU. But the benefits of foreign widening pool of global investors, would dip sharply accounts for nearly 79% of total the DTI has helped secure more investment have much more investments originated from a record Dafter the Brexit vote, indicators economic activity and has been than £16.3bn worth of foreign impact for local communities 79 countries and the UK became show its pre-referendum upward driving the economic recovery since direct investment across the UK across the UK, transforming local the top European destination for curve has continued with an 2009. The unemployment rate was in key sectors including property industry, creating jobs and tackling projects from emerging markets. annual GDP growth rate of 2% 4.8%, down from 5.1% for a year development, infrastructure and in the last quarter of 2016 with earlier. It has not been lower since renewable energy. NEW PROJECTS AND JOBS unemployment at just 4.8%. July to September 2005. Exports contribute over £511bn UK gross domestic product A record number of investments to the UK’s GDP and with a UNITED KINGDOM (GDP) was estimated to have was made by foreign firms in the renewed focus on international UK region Number of FDI Sum of number of new increased by 0.7% in October UK in the year to April 2016 trade the government has identified projects jobs to December 2016 compared according to the Department opportunities in over 20 sectors East Midlands 85 3,678 with growth of 0.6% in July to for International Trade (DIT).
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