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). spanning over 50 countries for UK September 2016. GDP was 2.0% There were some 2,200 inward businesses to look at supplying East of England 116 3,280 higher in October to December investment projects, up 11% on into. UK direct investment assets England 1,043 39,716 2016 compared with the same the previous year and recent data were £1,414.7bn in April to June (excluding quarter a year ago. Services shows the UK is the most popular 2016, up from £1,349.5bn in the London) increased by 0.8% in Quarter 4 destination in the European union previous quarter. The value of FDI London 889 24,191 (Oct to Dec) 2016 compared with for overseas firms. Across the liabilities has fluctuated over the North East 77 2,991 Quarter 3 (July to Sept) 2016, with country 2.213 inward investment past two years, although remains North West 151 7,715 TYPES OF FOREIGN DIRECT INVESTMENT (FDI) Northern Ireland 33 2,068 UNITED KINGDOM Scotland 108 4,178 Types of investment 2011/12 2012/13 2013/14 2014/15 2015/16 Increase % South East 253 5,507 New investments 752 777 820 1,058 1,130 7% South West 89 2,434 Expansions 506 577 677 740 821 11% Wales 97 5,443 Mergers and acquisitions 148 205 276 190 262 38% West Midlands 168 11,119 (including joint ventures) Yorkshire and the 104 2 Total 1,406 1,559 1,988 2,213 11% Humber Source: Department for International Trade Source: Department for International Trade
3 London
MIPIM 2017
London’s skyline has seen a profusion of iconic RIÀFHEORFNVZLWKH[RWLF names such as The Shard, &KHHVHJUDWHU:DONLH7DONLH DQGWKH*KHUNLQ
London’s boom continues
London has shaken off initial concerns about the impact of Brexit and continues to be the powerhouse of the UK
hile the Brexit added on to the capital’s housing result in June stock and the current population 2016 was a shock is now 8.63 million. to Londoners Its skyline has seen a profusion whoW voted overwhelmingly to of iconic office blocks with remain in the EU, economic exotic names such as The Shard, figures and forecasts since then Cheesegrater, Walkie Talkie and show the capital’s economy has the Gherkin. bounced back from an initial dip. The Olympic Park in Stratford Commercial developers and the developments around continue to invest in London and King’s Cross and Battersea Power residential house prices, although Station are well advanced. Areas static in the more expensive inner like Hayes in the West, through areas due more to stamp duty rises which Crossrail will pass, or rather than Brexit, continue to Croydon in the South, have seen increase. house price rises of 20% a year. Rises are now higher – as much Crossrail is Europe’s largest Aquatics Centre of the Queen Elizabeth Olympic Park in Stratford, East London as 20% in the past year – in outer infrastructure project and its first London areas, especially where section, now named the Elizabeth Crossrail, the new 118km rail Line, opens in 2018. will run on the Elizabeth Line, 30 newly-upgraded – and serve reached 75% completion. The crossing from Reading in the West It will transform travel across featuring nine walk-through approximately 200 million people remaining 25% of the programme to Shenfield in the East, is passing the city, boosting the economy by carriages, air conditioning, CCTV each year. will present a new set of challenges through. billions of pounds and supporting and real-time travel information. The Elizabeth Line will as we finish installing the critical The inexorable growth in thousands of new jobs and homes. Each train will be able to carry up change the way people travel components that will transform London’s population, due The Elizabeth Line will be to 1,500 people. around London and the South this major infrastructure project to its booming economy, named after the UK’s longest- Stretching over 60 miles from East and add much-needed new into an operating railway. means developers look further serving monarch when it becomes Reading and Heathrow in the capacity to the Capital’s transport ‘The Elizabeth Line will be and further afield for new fully operational through central West across to Shenfield and infrastructure. vital to the future success of the opportunities. London in 2018. Abbey Wood in the East, the Andrew Wolstenholme, capital and we’re fully focused on In the past decade an extra A fleet of 66 new 200-metre Elizabeth Line will stop at 40 Crossrail chief executive says: ‘The completing the delivery safely, on 600,000 households have been long trains built in the UK stations – 10 newly-built and Crossrail programme has now time and on budget, for
4 London
MIPIM 2017
our handover to Transport for London is also expected to with 155,000 expected in London in 2018.’ account for an increasing share of Central London. By contrast, London is the ninth largest UK employment over the coming the working age population of city in the world and the largest decade, adding an additional the UK (excluding London) is metropolitan area in the EU. 319,000 jobs, or more than one projected to decline over the If it were a country it would in every eight jobs created across same period. be the eighth largest in Europe. the country. All this also comes at a price It also has more overseas visitors The wider Greater London in terms of shortage of suitable than any other city in the world area will account for one in four housing and an overcrowded London’s economic centre jobs created. transport system, though the is the City, the world’s leading A study by Oxford Economics latter has in recent years attracted financial centre and a source for the Corporation of London millions of pounds in investment of huge tax revenues for the shows a key feature of London to upgrade lines, trains and UK, which has expanded into is that its polarisation from the ageing signalling. Docklands to the East. rest of the UK economy in terms Crossrail alone adds 10% to London generates almost a of economic performance stems transport capacity. But because quarter of the UK’s GDP and is from its ability to attract highly of its expanding employment, forecast to continue expanding. skilled workers. cultural opportunities, nightlife, In addition the capital attracts Over the coming decade, cosmopolitan cuisine and daily commuters from the South Greater London’s working- plentiful parks the capital will The Elizabeth Line, named after the UK’s longest- East and East of England age population is projected always encourage young people serving monarch, will become fully operational in 2018 regions. to expand by over 620,000, with disposable incomes. The London economy has consistently outperformed the UK over the past decade, London Enterprise Panel Consistent with London’s unique governance especially during the recent arrangements, the panel’s role is not to be the same recession where its high The London Enterprise Panel advises the Mayor of as that of other local enterprise partnerships. concentration of business London, Sadiq Khan, on action to: The Panel has an advisory role and works within the services helped shield London O Provide strategic investment to support private framework set by the London Plan and other mayoral from cuts in other sectors. sector growth and employment. strategies. The outlook is for London O Promote enterprise and innovation and the The London Enterprise Panel covers Greater London, to remain at the forefront of acquisition of skills for sustained employment in including all 32 London boroughs and the City of UK economic growth given London. London. London’s Enterprise Zone is situated at the its concentration of high value O Protect and enhance London’s competitiveness. Royal Docks. added exporting service sectors.
WELL CONNECTED Unrivalled opportunities for technology, retail, manufacturing and green industries within easy reach of the M25, A406, A10, London Stansted Airport and central London. LARGE AND SKILLED WORKFORCE Join almost 12,300 businesses including Coca Cola, Kelvin Hughes, Warburtons, Ardmore Construction, Ikea, John Lewis, Tesco and Biffa employing nearly 132,000 people. DEDICATED SUPPORT TEAM ,UÄLSKVMMLYZZ\WWVY[[VI\ZPULZZLZ JVUZPKLYPUNSVJH[PUNPU,UÄLSK^P[OOLSW ÄUKPUNH]HPSHISLZP[LZHUKWYLTPZLZHK]PJL on recruitment, introductions to local stakeholders and guidance on sourcing local suppliers.
For more information please email invest@enfield.gov.uk or visit www.investinenfield.co.uk
5 North West region
MIPIM 2017 Northern Powerhouse awakes With a cultural heritage that is internationally renowned and some of the largest cities in England, it is clear why the North West has been setting the agenda for economic growth and devolution
invest-ment fund (SIF) worth a total of £458m over the next five years was established for the region. In 2014,the North West generated The SIF brings together local and national funds with those £150bn in gross value added, secured through devolution and will help to deliver the city making it the third highest region’s targets for growth and secure long-term prosperity for ÀJXUHRXWRIWKHUHJLRQVDQG our residents and businesses. Like Greater Manchester, the combined counties, with only London and authority will also be headed by a directly-elected mayor after the WKH6RXWK(DVWRXWSHUIRUPLQJ inaugural poll is held in May 2017. And the Liverpool Cruise the region Terminal has earned a reputation as one of the most desirable cruise destinations in Europe. Centrally placed in the Irish Sea, it has proved to be an ideal starting point for North European and Norwegian fjord cruises. Named after one of the city’s most famous sons, Liverpool John Lennon Airport welcomed almost 4.3 million passengers in 2015 and the city centre’s new retail and he North West region with only London and the South Combined Authority has also and football fans the world over. leisure development, Liverpool consists of the five East outperforming the region. gained new powers around After all, who hasn’t heard of the One recorded a footfall of more counties – Cheshire, The per head figure in the transport, planning and housing, Beatles, Liverpool Football Club than 28 million people in 2015. Cumbria, Greater North West at £21,011 was just along with additional funding or Everton? And with a population Away from Liverpool and TManchester, Lancashire and 85.4% of the UK average, while from central government. of more than 466,000, the city is Manchester, the region is also Merseyside, and two cities that are London, the most prosperous The area is also benefiting one of the largest in the country. home to a multitude of cities famous the world over – Liverpool region, had a GVA of £42,666 per from the continued success of No wonder Rough Guides stated and towns, including Blackpool, and Manchester. head or 173% of the UK average. Manchester Airport, which handles Liverpool was in the ‘top three Burnley, Lancaster and Rochdale. It is the third most heavily Greater Manchester is more than 22 million passengers cities in the world’ to visit in 2014. The region also boasts several populated region in the UK (7.1 also playing a key part in a year. More than 60 airlines offer The region also has its own major universities, including million), after the South East and the Government’s Northern direct flights from Manchester devolution deal. The Liverpool Liverpool John Moores, the London and has grown by 0.4% Powerhouse devolution agenda. Airport to over 200 destinations City Region Combined Authority University of Manchester and over the last decade. Health and social care services worldwide and more than 19,000 incorporates the local authority Lancaster University. In 2014, the North West are being brought together and people are directly by the airport, districts of Halton, Knowsley, With more powers and generated £150bn in gross value elections for the region’s first which also supports a further Sefton, St Helens, Wirral, and of government funding heading added (GVA), making it the third directly-elected mayor will take 42,500 jobs in the North West. course, Liverpool. As part of the to the North West, the region highest figure out of the 12 UK place in May 2017. The city of Liverpool needs little agreement between the combined is setting the pace for others to standard regions and counties, The Greater Manchester introduction, particularly to music authority and Whitehall, a single follow. Local Enterprise Partnerships in the North West
The North West Strategy (GMS), which And the Liverpool Among its many which has been set region is home to sets out a series of City Region LEP works achievements is an up by the LEP with several different local priorities to secure closely with more than Investment Hub for help from the local enterprise partnerships sustainable economic 500 members, political the region to provide authorities. (LEPs), who are working growth. leaders and businesses potential investors with Lancashire’s LEP with local authorities The Cheshire and to pull the right levers to a fully co-ordinated meanwhile has a £1bn and private sector Warrington LEP aims to boost economic growth. investment service, growth plan. organisations to develop make its region the best the region’s economy. place to do business The Greater in the UK and its plans Manchester LEP sits include increasing at the heart of the city annual GVA by at least region’s governance £10bn to some £30bn arrangements and by 2030 and creating alongside the Greater more than over 20,000 Manchester Combined jobs with a key focus Authority, it jointly owns on manufacturing and the Greater Manchester exports.
6 Rochdale
Greater Manchester’s biggest opportunity
Unrivalled space, connections and public sector support
Find us at the Manchester Pavilion or call +44 7903 661 228
01706 868999 [email protected] investinrochdale.co.uk Burnley, key contributor to the Northern Powerhouse
Burnley’s pro-active approach to creating the right environment and infrastructure to support business growth and attract new investment is having a positive impact.
Latest figures show an increase in entrepreneurship and business start-ups, an increase in skills, educational attainment and personal development in the working : Digital job growth is where Burnley age population, and a stable employment rate. really shone, with a yearly growth Burnley is seeing record numbers of businesses choosing to relocate to its ever of 161.8% in 2015-16 - against growing business parks - Vodafone Automotive UK, Exertis, Panaz, Sparta, Pickup Systems and Kaman Tooling UK amongst others. NW growth of just 30.0% and GB Burnley has long recognised that smaller towns can play a vital role in the growth of 2% in digital jobs. Northern Powerhouse vision, as hubs of economic specialisms, logistics centres and providing a nearby commuter, amenity and recreation offer. : Over 1 million sq.ft. industrial and Private sector jobs growth rate 14-15 Source ONS BRES 2016 commercial workplace space taken up by companies setting up and 5.5% 2.0% 2.8% expanding in Burnley Burnley North West GB
Burnley has built a reputation for looking to the future, working hard to secure investment and jobs to build the town for years to come.
Burnley Vision Park On the Banks B Quality A1 Office accommodation next to M65 B Transforming industrial heritage into a vibrant and unique B Focus on advanced manufacturing and engineering; destination for business, living, leisure and education digital industries and business services B Landmark public spaces, impressive and creative work space, living B Fast connectivity to M65, road, rail and digital pipeline accommodation with a leisure and retail centre on the water’s edge B Opportunities for knowledge transfer with strong & effective B £100 million contemporary mixed use development links to the adjacent Burnley College & UCLan campus. B Adjacent to the Rail Station with direct links to Manchester city centre - 52min journey time.
Contact our specialist Business Support Team on 01282 477213 Approx 1 hour drive time
M6 Lancaster IRISH Most Enterprising SEA Approx 40 minutes Place in the UK drive time Pennine Harrogate Lancashire
Clitheroe M65 Colne Number Nelson
M55 Padiham M6 Burnley Blackburn M606 Leeds Preston M65 10 Darwen Rawtenstall in the UK for M61 total value of M66 M1 M62 exports per job Bury Bolton Centre for Cities 2017 M58 M60
M602 Manchester M67 Work population Liverpool M62 M60 within 40mins M6 1.6
£800 million investment in transport, housing, leisure, retail and business infrastructure
An enviable location B Great connectivity - Direct Rail links to B State-of the art educational facilities - including Manchester, Preston and Leeds and a 40min University Campus drive time to Manchester. B Affordable housing - wide range available from B Stunning countryside - within 5mins from starter homes to luxury properties the town centre B Housing sites available for development - B Global award winning spa from town centre apartments to executive countryside homes
[email protected] | 01282 477205 | burnley.co.uk WE'VE GOT IT ALL
Sweetspot
Energus Conference and Events Centre East of England region
MIPIM 2017
Local Enterprise Partnerships in the East of England
The region is home to two local enterprise partnerships (LEPs), both dedicated to driving growth and enterprise. The New Anglia LEP aims to create 95,000 more jobs, 10,000 new businesses and 117,000 more homes by 2026 through its strategic economic plan. It has also established the Great Yarmouth and Lowestoft (New Anglia) Enterprise Zone, which covers six sites on the strategically important energy coastline. In addition, it has also worked with local authority partners to negotiate City Deals for both Ipswich and Norwich (pictured). And the Greater Cambridge and Greater The best of both worlds From the academic spires of Cambridge to state-of-the-art science parks and ground- breaking technology, the East of England has something for everyone
ith its beautiful Cambridgeshire/Peterborough. average at 3.2% in the three population of 1.3 million people, coastline, unspoilt The two proposed deals are months between May and July which is estimated to grow to 1.5 countryside, worth more than £1.5bn and compared with 4.9% for the million by 2031. The area boasts historic cities and include commitments for two UK, while the employment 700,000 jobs, 60,000 enterprises fascinatingW heritage, the East of combined authorities, chaired by rate for the same period was and generates £30bn a year. England has a unique character all directly-elected mayors. the second highest in the UK at Other universities are East its own. If the deals are agreed, 78.1%, beaten only by the South Anglia, Essex, Hertfordshire, It includes the Fens in the elections for the directly-elected East (78.3). Bedfordshire and Anglia Ruskin, central northern part of the mayors would take place in May Around 20% the UK’s based on three main campuses region and the Norfolk and 2017. cereal farms are in the East of in Cambridge, Chelmsford and Suffolk Broads as well as several According to the latest census, England, a region characterised Peterborough. Peterborough aims to large forests, which are all the region had a population of by large expanses of arable land The region also boasts create an economy popular with tourists. 5.9 million at mid-2012, 9% of with crops ranging from high excellent connections with with 100,000 major It is the second largest English the UK total, of whom 28.9% intensity cereal production the rest of the world through businesses and create region by area at 19,100km2, lived in rural areas, one of the to labour intensive vegetable London Stansted and London 160,000 new jobs by covering 8% of the UK highest regional proportions. production in the Fens. Luton airports. Stansted 2025. total, with a diverse make-up Population density on the Sugar beet is also grown in welcomed 2.5 million passengers It is looking to combining predominantly built- latest figures was 309 people per large quantities with much of the during August, making it the develop a low-carbon, up areas in Essex, Hertfordshire km2, below the England average UK’s sugar production based in busiest month for footfall in nine knowledge-based and Bedfordshire with scattered of 411 but above the UK average Suffolk and Norfolk. years. economy balanced towns in Cambridgeshire and of 263. In mid-2012, the median The region is home to six The August figures bring the wherever possible Suffolk and the mainly rural area age of the region’s residents was universities. The University total number of people to have with advanced of northern Norfolk. 41.0 years, above the UK figure of Cambridge is one of the travelled through Standsted to manufacturing and Like many other parts of of 39.7 years. world’s most ancient and 23.9 million in the last year, services. England, council leaders The region generated nearly prestigious centres of learning, an increase of 8.6% over the The county of Essex and LEPs in the East of 9% of the UK’s economic output and with a strong science and previous 12 months does not have its own England have been discussing in 2014, with a GVA of £139bn. IT offering it is the centre of a Whereas 1.43 million LEP, but is part of the devolution with central The GVA per head figures for thriving commercial high-tech passengers flew during June larger South East LEP, government. These discussions the region rose from £22,137 in community of science parks and from London Luton Airport, which also includes have led to two deals coming 2013 to £23,063. entrepreneurial start-ups. which was a 17.7% increase in Kent. forward, one for Norfolk/ And the unemployment rate The area around Cambridge passenger numbers compared Suffolk and the other for was lower than the national and Peterborough currently has a with the same month last year.
11 South East region
MIPIM 2017
The South Thurrock in the Thames East LEP Gateway, with its new port, is The South East Local Enterprise Partnership ÁRXULVKLQJIURPLWVOLQNVWR (LEP) is the business- led, public/private body overseas markets established to drive economic growth across East Sussex, Essex, Kent, Medway, Southend and Thurrock. The LEP is one of 39 partnerships set up by the Government to be the key body determining strategic economic priorities while making investments and delivering activities to drive growth and create local jobs. As well as being the biggest LEP outside of London, SE LEP is also one of the most local. Good transport links It operates a fully devolved model with increased reach into local communities through local delivery and skilled labour partnerships in East Sussex, Kent and Medway, Essex and After the capital, England’s South East region is the most prosperous part of the country with Thames Gateway South good rail and road links, an established IT industry and attractive countryside and towns Essex. Stretching along the coast from Harwich to he South East is the year to June 2013, compared with Peacehaven, the market second most prosperous 8.1% in London. towns, small cities, region in England after Private enterprise completed coastal communities, London. It boasts the construction of 17,300 new homes and villages of the South Tcountry’s largest economy and in the South East in 2011/12, East LEP area offer an highest per capita income. It is the highest level of all the English exceptionally diverse also one of the country’s biggest regions and countries of the UK, choice of places to live regions – the third largest in contributing 16% to the national and work. England, covering 19,100km2 and total. With nine ports, high- representing 8% of the total area The region has several major speed rail links, and of the UK. Southern England’s coastline is only a few miles across universities, attracting students national and regional With London on the doorstep, the English Channel from France and Belgium from throughout the UK and airport capacity, it is it extends northwards as far as abroad. The best known is the WKHPRVWVLJQLÀFDQW Milton Keynes while to the South 458 people per km2 according to just 6.9% on the latest figures, University of Oxford, famous for economic gateway and it includes a long stretch of the the latest figures, the third highest compared with 9.9% for the its ornate colleges and its rowing strategic route between coastline just a few miles across the of all the regions. country as a whole. teams on the Thames. mainland Europe, English Channel from France and A fifth of them live in rural High levels of economic activity The pioneering Open London and the rest of Belgium. Towns like Basingstoke areas, while people in the South and an educated workforce are also University, which made higher the country, with access boast numerous headquarters East enjoy the longest life reflected in how much people in education available through open to global destinations. of European companies while expectancy in the UK. the region are paid. In April 2012, learning to people everywhere, is The area is also home to Crawley, next to expanding It is an economically active median gross weekly earnings for based in Milton Keynes. eight major universities. Gatwick Airport, and Thurrock region, responsible for nearly 15% full-time adult employees stood The main road transport routes The South East LEP in the Thames Gateway to the of the UK’s output according to at £556, the highest outside are the motorways connecting to will inject almost half a East, with its new port, are both the most recent survey. London and above the UK median the M25 which circles London and billion pounds worth of flourishing from their links to This is reflected in its of £506. The gross disposable connects routes from other parts government investment overseas markets. unemployment rate, the joint household income of south east of the country, while the main into the area through its With its constituent counties, lowest together with the South residents was the second highest in intercontinental air connection Growth Deal. It sees at Berkshire, Buckinghamshire, East West at just 6.0%, while the the UK after London at £18,100 is Gatwick Airport. Heathrow least £84.1m invested Sussex, Hampshire, the Isle of number in employment stood at per head in 2011, compared with Airport is in Greater London but in the SE LEP area in Wight, Kent, Oxfordshire, Surrey nearly 76%, higher than the UK’s £16,000 for the UK. also serves the South East region. 2015-16, supporting the and West Sussex, the South East 71.5% overall. Relative wealth inevitably also Major rail routes include High delivery of up to 35,000 is the largest UK region in terms The workforce providing those affects house prices, which are the Speed 1 passing through Kent jobs and 18,000 new of population which stood at 8.7 levels of productivity is relatively country’s second highest, averaging and connecting to the Channel homes and over £100m million in the last census, 14% of highly educated. The percentage of £299,000 on the latest figures Tunnel, while the ports of Dover in private investment the national total. the region’s working age population compared with £242,000 for the and Folkestone run ferry services to over the period to 2021. It also densely populated, with without any qualifications is UK, increasing by 2.9% in the mainland Europe.
12 CRAWLEY The place to grow Regenerationgeneratation
Station Gateway Opportunityortunit
NOVA The Galleria Nexus
Make your investment count www.gatwickdiamond.co.uk www.regeneratingcrawley.org.uk Basingstoke (advertorial feature)
MIPIM 2017 Basingstoke Built for business. Designed for life.
asingstoke is a town that the council has a track record of property developer Abstract some commercial and retail is in the right place: in a supporting initiatives to keep the “Basingstoke is Securities, a new speculative space, is allocated in the adopted great location and strong local economy thriving by good exceptional, in a well- Grade A office development Basingstoke and Deane Local position to deliver its full use of its own assets. Examples of is underway with completion Plan and an outline planning Bpotential. this are the development of the connected location and targeted for spring 2018. This application has recently been The hi-tech town, surrounded largest combined John Lewis at new five-storey 60,535 sq ft submitted. by beautiful Hampshire home and Waitrose in the country with considerable land, office building aims to achieve a countryside, is within a 45 minute on council land and the council’s SURSHUW\DQGÀQDQFLDO BREEAM excellent rating. Basingstoke Leisure Park train journey of London Waterloo £7m refurbishment of its own From April 2017 approximately Situated on the edge of the town and with fast M3 links to the shopping area The Malls. resources” half of Basing View will be centre, the 63 acre Basingstoke capital and the south coast ports, Named one of the most Cllr Clive Sanders, designated as an Enterprise Zone, Leisure Park including a it has four international airports financially resilient local providing 100% rates relief of swimming pool with flumes, a within an easy hour’s reach. authorities in the UK, the council’s Leader of Basingstoke up to £275,000 over a five-year bowling alley, a 10-screen cinema, With a £4bn investment commercially-minded and and Deane BC period – which will be attractive and ice-rink offers 200,000 sq ft programme underway bringing proactive approach is paying to organisations of all sizes. of leisure and restaurant floor massive private and public dividends, igniting interest space. A regional draw, especially investment to the town, amongst investors and developers, Key investment areas: Manydown since the arrival of indoor Basingstoke and Deane Borough helping to position Basingstoke for Basingstoke and Deane Borough skydiving centre Airkix, the park is Council has a clear and ambitious an even more successful future. Basing View Council and Hampshire County owned by Basingstoke and Deane vision for the future. The council Leader of Basingstoke and Already the location for a wide Council are procuring a joint Borough Council. is working innovatively with Deane Borough Council Cllr variety of organisations from venture partner to help develop Working with Property the property industry on major Clive Sanders said: “Basingstoke start-ups to global corporates, one of the largest residential Company of the Year NewRiver property projects across residential, is exceptional, in a well-connected this 65-acre business district is developments in public ownership on a £350m vision, the council commercial and leisure sectors location and with considerable undergoing major redevelopment in the South East of England. aims to achieve a major step using its own land and resources. land, property and financial and transformation, creating a Manydown is a large greenfield change in the attractions on offer, Key development projects are resources. modern, sustainable, commercial site of around 843 acres at the revitalising its appeal for the underway in Basingstoke which “This gives us tremendous community situated within the edge of Basingstoke, in the future. deliver on all fronts of work, opportunities. The council is not town centre. The master plan for councils’ joint ownership which is Plans include doubling of rest, and play. These include the only using its own assets to drive the area includes a mix of new being designed to deliver a wide the existing leisure facilities to regeneration of Basing View, the investment into the borough office space, a business class hotel, range of housing to accommodate 500,000 sq ft and including a town’s central business district near but working proactively with the residential accommodation and the needs of future residents in 300,000 sq ft designer outlet its railway station, the delivery of private sector to secure the delivery supporting amenities. Basingstoke. centre in response to unmet up to 8,000 new homes on land in of major growth projects that will Basing View has already secured The development could demand along the M3 corridor. public-ownership at Manydown benefit housing, employment and significant new investment with ultimately see the delivery of and an exciting new leisure scheme quality of life in the borough. a £50m Network Rail regional 8,000 homes over two local For more information at Basingstoke Leisure Park. “We have even created our own operating and national training plan periods developed in a on what Basingstoke With one of the largest £25m Invest to Grow Basingstoke centre plus the largest combined manner that is consistent with has to offer, visit investment property portfolios Fund, working with CBRE, to John Lewis at home and Waitrose ‘garden town’ principles. The www.basingstokebiz.com (valued at £247m) and cash provide loans to help kick-start store in the country. Now, as a first phase of approximately or email: business@ investment portfolios (£160m) of property projects to help boost the result of the borough council 3,400 homes, together with basingstoke.gov.uk all local authorities in England, local economy.” agreeing terms with experienced associated infrastructure and
14 WE’RE DELIVERING A £4 BILLION INVESTMENT PROGRAMME Residential. Commercial. Leisure.
MANYDOWN
One of the largest residential developments in public ownership in the South East up to 8,000 new homes
BASING VIEW
A unique business district located in the town centre including new grade A offices, a business class hotel and amenities
BASINGSTOKE LEISURE PARK
An exciting regional leisure/retail destination for the South East
BUILT FOR BUSINESS. DESIGNED FOR LIFE. www.basingstokebiz.com @Basingstokebiz South West region
MIPIM 2017
Hi-tech haven for entrepreneurs
Seaside, an ancient coastline, historic cities, Local Enterprise Partnerships have taken over as the basis of the lovely countryside and a flourishing hi-tech city’s economy, with several major companies in the sector located in sector make England’s South West one of in the South West the area. the UK’s most alluring regions More recently defence, West of England (WoE): Dartmoor and Exmoor telecommunications, information Bath and North East National Parks and technology and electronics have he South West of Gloucestershire and the city of Somerset; Bristol; 13 district councils); been important industries in England from Wiltshire Bristol, it is the largest English North Somerset; South Dorset: Bournemouth, Bristol, Swindon and elsewhere. to Devon and Cornwall region. Gloucestershire, Poole, Dorset (inclusive The region is also economically is known as the UK’s Occupying 23,800km2, 18% Cornwall & Isles of six district councils); active. Residents are relatively Tholiday area, with beautiful of the total area of England, it is of Scilly (C&IoS): Gloucestershire: prosperous with gross disposable beaches and countryside and bigger in area than both Wales Cornwall, Isles of (GFirst): Gloucester- household income the fourth historic towns and cities like and Northern Ireland and has Scilly; Heart of South shire (inclusive of highest among the English regions. Exeter, Bath, Wells and Salisbury. eight cities: Salisbury, Bath, West (HotSW): Devon, six district councils); The region has several But it also boasts some of the Wells, Bristol, Gloucester, Exeter, Somerset, Plymouth, Swindon & Wiltshire: universities including those at nation’s most advanced high-tech Plymouth and Truro. Torbay (inclusive of Swindon; Wiltshire Bristol, Plymouth, Bath and industry and its principal city, Latest figures showing the Bournemouth. The region lies on Bristol, is a booming cultural South West had a population of several main line railways, notably metropolis undergoing major 5.3 million, 8% of the UK total, and Brixham. The South West region holds up well, responsible the Great Western regeneration with a fast-growing of whom almost a third live in Coast Path follows the coastline, for 7.7% of the UK’s gross value Main Line – about to be electrified growing hi-tech sector. rural areas, the highest proportion taking in the towering cliffs of added – more than £100bn – on –running from London to Bristol, Dramatic coastlines, wild of all the English regions. the northern Exmoor Coast and the latest figures. Exeter, Plymouth and Penzance moors, picturesque villages and This makes it relatively sparsely rock formations on the fossil-rich The most economically in the far west of Cornwall and one of the UK’s biggest ports make populated, with a population southern Jurassic Coast. productive areas within the region the South Western Main Line the English south west a varied density in mid-2012 of 224 people The South West attracts many are Bristol, the M4 corridor from London and Southampton and alluring region. per km2, the lowest of all English people not just for holidays but to and south east Dorset which are to Bournemouth, Poole and It includes two popular national regions, although higher than that relocate, and its age profile is older all areas with the best links to Weymouth. parks, Dartmoor and Exmoor, of Wales, Scotland and Northern than that of the UK as a whole. London. Bristol alone accounts for Three major roads enter the and four World Heritage Sites, Ireland. The rate of net migration from a quarter of the region’s economy, region from the East, including including Stonehenge and the Devon for example other regions into the South West with the surrounding areas of the M4 motorway from London ‘Jurassic Coast’, famous for its encompasses sandy beaches, is relatively high and it has the Gloucestershire, Somerset and to South Wales via Bristol and fossils. fossil cliffs, medieval towns and highest proportion of older people Wiltshire accounting for a further the M5 from the West Midlands Covering the counties of Devon moorland national parks. The among the regions of England. quarter. through Gloucestershire, Bristol and Cornwall in the extreme English Riviera is a series of However, people enjoy a life Bristol’s economy has been built and Somerset to Exeter. Passenger South West of England, together picturesque, south coast harbour expectancy among the highest in on maritime trade, though since airports include Bristol, Exeter, with Somerset, Dorset, Wiltshire, towns including Torquay, Paignton the country and economically the the early 20th century aeronautics Newquay and Bournemouth.
16 INNOVATIVE & ENT REPRENEURIAL BUSINESSES
WORLD CLASS
R LOWER THAN &D AVERAGE RENT AND RATES
SUPERFAST BROADBAND LEADING 3 INVESTMENT UNIVERSITIES
evon offers the businesses - from multinationals, perfect balance of Devon is one of the best to innovative start-ups and thriving business places in the UK to live, manufacturers. Exeter Science D work, invest, learn Park, home to the Met Office’s environment and quality and visit. Whichever supercomputer and Skypark close of life in a creative and to Exeter Airport, are just two sites inspiring setting. way you look at it, Devon delivers! that are expected to benefit from It is already home to a number of Enterprise Zone status and Business world-class international companies Rate relief from April 2017. Three leading universities give and successful SMEs. It has a Devon is consistently ranked the access to a pool of talented and dynamic business community best place to live in England by the highly-qualified graduates and where creativity, innovation and likes of Country Life magazine and contribute to the innovative and entrepreneurship flourish and where it offers a unique lifestyle that entrepreneurial spirit present companies find the right conditions for combines culture, breath-taking throughout Devon’s workforce. their businesses to prosper and grow. scenery and opportunities for The area is well-connected by road, Devon offers great value for its a variety of outdoor activities. rail and air and the multi-million pound businesses with lower than UK average rent and business rates investment in superfast broadband More information about relocating and competitive labour costs. or expanding your business to means that it has never been easier and faster to do business on a national There are a wealth of development Devon can be found at and international level. sites and premises across Devon for www.investdevon.co.uk West Midlands region
MIPIM 2017
Local enterprise Firing up the partnerships Black Country , Greater Birmingham & Solihull, Coventry & Warwickshire, Midlands Engine The Marches, Stoke-on-Trent & Staffordshire and Worcestershire
of the UK. It has a population of 5.6 million according to the latest census, almost 9% of the UK total, with a density of 434 people per km2, close to the England average. It is a relatively urbanised region – Birmingham and the surrounding conurbation has one of the lowest proportions of its population living in rural areas at 15.1% compared with 17.6% in England as a whole. And it is a relatively young place – latest figures show that under-16s make up 19.5% of the population, one of the highest regional percentages in England. Nevertheless, the proportion of the working age population with no qualifications is the highest in England on the latest figures at Local authorities in the West Midlands have formed a new combined authority to take on 13.6% compared with 9.5% for devolved economic powers from Whitehall and promote the region at an international level England. The West Midlands generated 7% of the UK’s economic he new West Midlands Engine.’ The agreement with which support a high quality enveloping a huge shopping mall output In 2011. Historically, Combined Authority government will see it make of life. The area’s vibrant cities is one of England’s great transport employment in the West (WMCA) is formed of an annual contribution worth and towns create a patchwork of regeneration projects. Midlands has been dominated the 12 local authorities £40m for 30 years to support an urban environments with unique The West Midlands can claim by manufacturing, including Tand three of the four Local overall investment package that characteristics, complemented by to be the place where it all started major carmakers and although Enterprise Partnerships working will unlock £8bn, alongside the villages and countryside that are back in the 18th century in what employment in the sector has together to move powers from creation of up to half a million easily accessed and enjoyed by became known as the Industrial substantially declined, it still Whitehall to the West Midlands jobs. millions.’ Revolution. Today visitors can accounts for around one in 10 of and its locally elected politicians. Martin Reeves, chief executive He adds: ‘Our economic tour sites such as Iron Bridge the workforce. Historically, the West of the WMCA, says: ‘At the heart strengths include advanced which celebrate the skill and Housing is relatively good Midlands was the ‘workshop of of the UK, the West Midlands manufacturing and engineering, vision of those early pioneers. value compared to the rest of the world’. Now its challenge has a long and proud history as well as a number of growing Birmingham, the urban the country. The average house is to create jobs, enhance skills, of industry, innovation and dynamic sectors. Our population centre of the West Midlands, is price in the West Midlands in develop prosperity and drive diversity in its cities, towns and of over 4 million contains a known as Britain’s second city June 2013 was £184,000, higher economic growth. Along with villages. The region includes highly skilled pool of talent, and was once the world’s greatest than in any of the northern the East Midlands, the regions nationally significant assets, reflecting the hundreds of industrial metropolis. regions or the East Midlands but have been dubbed ‘the Midlands such as Shakespeare’s birthplace, globally competitive businesses, The city has undergone a substantially lower than the south from Carillion to Moog and from renaissance in recent years and of England and well below the Jaguar Land Rover to Cadbury now boasts a range of ambitious UK average of £242,000. who make this area their home.’ architectural and environmental Apart from Birmingham, The region is the only part of developments, museums and the main cities and towns in the UK to operate a trade surplus industrial heritage sites. the West Midlands include with China, and Mr Reeves Large areas of the West Coventry, Hereford, Shrewsbury, says ‘with the Government’s Midlands are sparsely populated, Stafford, Stoke-on-Trent, Telford, backing to the Midlands Engine however, and with attractive Wolverhampton and Worcester. for growth and commitment to scenery and the ‘Shakespeare There are nine universities: the West Midlands devolution Country’ centred on the Bard’s Aston, Birmingham City, deal, we are now empowered to birthplace, Stratford-upon- Coventry, Keele, Staffordshire, deliver real sustained growth in Avon, there is much to draw the University of Birmingham, the region.’ The proposed new discerning visitor. University of Warwick, High Speed Rail 2 will also stop Along with London it is one University of Wolverhampton at Birmingham while the recently of the only two landlocked and University of Worcester, redeveloped Birmingham New regions in England, occupying as well as three university Rendering of the new Birmingham New Street station Street station with its canopy 13,000km2,5% of the total area colleges.
18 East Midlands region
MIPIM 2017
he eastern part of the Midlands, sometimes known with the West Midlands as Tthe Midlands Engine, consists of Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire and Rutland and is home to nearly five million people There are four cities, Derby, Leicester, Lincoln and Nottingham; other major towns include Boston, Chesterfield, Corby, Grantham, Hinckley, Kettering, Loughborough, Mansfield, Northampton and Wellingborough. The region is close to London and good rail connections from the renovated St Pancras station in the capital help the East Midlands thrive as an economic hub. The East Midlands offers visitors a wonderful variety of attractions ranging from the scenic Peak District and Lincolnshire Wolds to the coastal resort of Skegness and several historic cities such as Nottingham, Lincoln and Derby. The North West of the region is dominated by the southern part of the Pennines forming the Peak District National Park which welcomes 22 million visits a An opportunity year – almost a third of all visits to national parks in England. The region is also notable for its forests: Sherwood Forest, home of the legendary Robin Hood in for investors Nottinghamshire, and the newly developing National Forest, mainly located in Leicestershire. With direct transport links to the capital, a growing population, national parks and It is the fourth largest English seaside and its status as part of the Midlands Engine, the East Midlands region is an region with an area of 15,600km2 covering 12% of the total area attractive destination for investors of England, and comprises the five counties of Derbyshire, substantially above the North East the more northern regions and University, the University of by transport links. East Midlands Leicestershire, Lincolnshire, and Yorkshire and The Humber the South West, but lower than Northampton, Nottingham Airport in Leicestershire is situated Northamptonshire and figures. London and the surrounding Trent University and Nottingham between the three main cities of Nottinghamshire. The latest figures estimate the regions. University. Derby, Leicester and Nottingham. Industries including coal population of the East Midlands The area is well served for Between them they had around There are high-speed trains mining and the textile industry at 4.6 million, 7.2% of the UK higher education with Bishop 149,000 undergraduate and to London with connections are no longer the feature they total, and it is projected to grow at Grosseteste University College, postgraduate students at the last to the West Midlands and the once were but the manufacturing a faster rate than any other English Lincoln, the University of count, 6.5% of the total in the South West. The M1 motorway sector is still a major force and region over the next 25 years. Derby, De Montfort University, UK. runs through a large part of the makes the highest contribution Nevertheless it is relatively Leicester University, the University The region, particularly the area and serves the three largest to the regional economy. As sparsely populated, with a of Lincoln, Loughborough North and West, is well served conurbations. a proportion of total regional population density of only 282 output, manufacturing is greater people per km2, the lowest for in the East Midlands than in any any English region apart from the The seven Local Enterprise Partnerships other part of the UK. South West. The local authority Agriculture is more important area with the smallest population O Derby and Derbyshire, Nottingham – Bedfordshire, Buckinghamshire in the flatter lowlands to the South is Rutland with an estimated and Nottinghamshire – Derbyshire and and Oxfordshire and boroughs and and East of the region and the 38,400 residents. Nottinghamshire counties including districts of Northampton, Kettering, East Midlands has the highest The projected population the cities of Derby and Nottingham; Corby, South Northamptonshire and proportion of agricultural land of increase is not spread evenly across O Greater Lincolnshire (GLLEP) Daventry; all UK regions. the region, so the pressure to build – Lincolnshire county and North O Greater Cambridge/Greater More than 6% of the UK’s houses to meet demand increase Lincolnshire district; Peterborough – including Rutland; and economic output was generated the supply of affordable housing is O Leicester and Leicestershire (LLEP) O 6KHIÀHOG&LW\5HJLRQ 6&5 – in the East Midlands according to not uniform. – Leicestershire county and Leicester 6KHIÀHOGHFRQRPLFDUHDLQFOXGLQJ the latest figures. In April 2012, There was a 0.9% increase in city; the districts of Bassetlaw in median gross weekly earnings for house prices in the East Midlands O Northamptonshire (NEP) – 1RWWLQJKDPVKLUHDQG&KHVWHUÀHOG full-time adult employees in the in the year to June 2013, Northamptonshire county; Bolsover, Derbyshire Dales and North East Midlands were £477, lower compared with 3.1% for the UK O South East Midlands (SEMLEP) East Derbyshire. than the UK median of £506 but as a whole. This was higher than
19 Yorkshire and Humber region
MIPIM 2017
our status as the UK’s Energy Estuary,’ said Humber LEP vice chair, Mike Parker. Tourism in Yorkshire and the The York, North Yorkshire and East Riding LEP recently Humber is worth over £7bn – welcomed figures that show private sector employment rose by 17,200 more than the whole tourism in 2014. According to the Business expenditure in Ireland or Register and Employment Survey (BRES), public sector employment Denmark in the same period fell by an estimated 4,800 meaning net jobs growth of 12,400 for the area. The York, North Yorkshire and East Riding LEP economy grew by faster than national average in 2012 and 2013 with 6.1% growth and claimants of out of work benefits are at their lowest levels ever. The sector with the strongest figures for jobs growth was the accommodation and food sector with 19.3% more jobs in 2014 than 2013. Information & communication employment also increased significantly with 18.9% growth. The financial and insurance industry and the construction industry also performed well with Bridging the gap 17% and 11% respectively. The best performing areas of the York, North Yorkshire and East Riding LEP were Ryedale with The region of Yorkshire and Humberside covers a diverse area ranging from the port of Hull 1,400 more jobs (a 5.4% increase), and the cathedral city of York to the countryside of the East Riding and rural Yorkshire itself East Riding with an increase in employment of 3,800 (a 3.2% increase) and York with an increase he region of Yorkshire services for businesses, people and facilities on the Humber – Hull, developments; a £310m Green of 2,900 jobs (2.8% increase). and the Humber acts places, on behalf of the CA. Goole, Grimsby and Immingham Port Hull project with Siemens. Tourism in Yorkshire and the as a bridge between the Covering more than 15,000 – contribute £2.2bn to the UK The Grimsby Institute and the Humber is worth over £7bn, North of England and km2, Yorkshire and Humberside is economy every year. Humber LEP are jointly funding which is more than the whole Tthe Midlands. It consists of South the fifth largest region in England. The Humber ports support a new £7m centre of excellence tourism expenditure in Ireland or Yorkshire, West Yorkshire, the East Yorkshire and the Humber has a 33,000 jobs, handle more than for the ports, energy and logistics Denmark. Around 216 million Riding of Yorkshire (including population of 5.2 million – larger 65 million tonnes of cargo and sectors (see panel). visits to Yorkshire are made every Hull), the shire county of North than Scotland. The largest cities in provide strong trading links with ‘Logistics are vital to supporting year, which is equivalent to the Yorkshire and the city of York itself. the region are Leeds and Sheffield. mainland Europe and Scandanavia the Humber’s growing renewables total number of visitors to Walt The region also includes North Leeds is one of the fastest growing And in 2017, Hull will be home sector, as a source of new career Disney attraction theme parks Lincolnshire and North East cities in the UK with a population to one of the UK’s largest port opportunities and in consolidating worldwide. Lincolnshire. In addition the newly of 771, 000. formed West Yorkshire Combined Bradford is the fourth largest Authority brings together the metropolitan authority in England Local Enterprise Partnerships public sector in the form of the five with a growing population of West Yorkshire districts plus York, 531,000 and an economy worth York; North Yorkshire & East Riding; Leeds City Region; Greater Lincolnshire & Humber and the business sector through over £9.5bn, the eighth largest the Leeds City Region Enterprise in England. Between 2014 and Partnership (LEP). It also 2015 Bradford GVA increased by incorporates the former Passenger £300m, a rise of 3.7% that was Transport Executive (Metro). higher than UK growth of 2.6%. A The combined authority (CA) quarter of its 531,200 population has a governing board of nine is under 16 years old. political leaders, plus the chair of The latest figures for Yorkshire the Leeds City Region Enterprise and the Humber from the RBS Partnership (LEP). It is supported Regional Growth Tracker (October by an officer organisation that 2015) show that Wakefield, undertakes their Boards’ policies Calderdale and Kirklees and North and actions. Yorkshire all grew at a rate of 2.5% The Local Enterprise to 3%, during the second quarter Partnership and the CA have a of 2015. joint vision for economic growth For Wakefield, that has in the city region. As part of this meant a 1.8% point drop in its vision, the officer body’s mission unemployment rate. is to be the driving force for The region’s coastline plays delivering an outstanding economy an important part in the local The Yorkshire Dales featuring stone-built villages, stunning landscapes & vibrant communities with better connectivity and economy. Associated British Port’s
20 Focus on Bradford
MIPIM 2017
Bradford’s growth beats the national average
radford’s development And of course, the development would be known as One City Park. The Council has also entered since the Broadway shopping centre offer to the world’s biggest of The Broadway shopping centre Bradford has several large sites into a partnership with a opened with new cafes, bars and investors has never been brought a whole new dimension to on the M62 corridor that form part consortium of property developers, restaurants being built nearby and better as it prepares to join the city, accelerating the city’s retail of the Leeds City Region Enterprise funders and public sector the cinema complex progressing on Bits Leeds City Region partners at ranking and drawing in thousands Zone that offer diverse opportunity programme managers to create the centre’s doorstep. MIPIM 2017 - the world’s largest more visitors to the city centre. for developers looking for centrally a new state-of-the-art building ‘There has definitely been property investment conference. That momentum can be seen located and well connected that will host a regional hub for greater interest from developers Building on over £1 billion of in on going developments such locations. The sites lie on Gain public sector employment and and we are in discussion with a investment in the city over the last as a second phase to Meyer- Lane, Parry Lane and Staithgate accommodating up to 3,500 staff. number of companies, but we seven years, Bradford’s delegation Bergman’s Broadway development. Lane. Bradford Council leader, Cllr need to maintain our profile and will join Leeds and Wakefield Demolition is currently taking Further investment Susan Hinchcliffe, said: ‘Our proactively seek investment. That Councils alongside private sector place to make way for a new opportunities being showcased at officers attend MIPIM as part is why going to MIPIM is so partners including Leeds Bradford boutique cinema, The Light, and MIPIM include the former Odeon of the Leeds City delegation important and the contacts we’ve Airport to ensure the profile of new restaurants and bars directly building, which is being worked up to directly sell investment made over the years have been the UK’s largest City Region opposite the shopping centre. as a new music, arts and conference opportunities in Bradford to immensely valuable. Going in economy outside of London is Growing confidence in the city venue by a team called Bradford developers, investors and funders. partnership with Leeds City Region showcased to its full potential to the is also reflected in a second phase Live. We are seeing a burst in growth makes us stronger together.’ 5,300 investors arriving from 90 of the Sunbridge Wells tunnels countries. shortly coming on board. These FACTFILE Bradford’s economy has grown underground tunnels once bustling faster than the national average due in the 1960s and 1970s, were Bradford is the 4th largest metropolitan authority in England with a growing to major investment in the city in recently resurrected by developer population of 531,000 the past seven years. Graham Hall. The scheme, now Bradford has a big economy worth over £9.5bn, the eighth largest in England. This major investment showcasing upmarket bars and Bradford is a fast growing economy. Between 2014 and 2015 Bradford GVA included securing the Southgate shops, attracted 100,000 visitors in increased by £300m, a rise of 3.7% that was higher than UK growth of 2.6%. development and other prestige its first three months. office development; the multi An ambitious plan for a further With a city centre that has been transformed in recent years, Bradford’s economy is award-winning City Park which leisure complex is also in its early set to grow 25% over the next decade. transformed the landscape stages of planning by Forster Square Bradford is the world’s first UNESCO City of Film. adjoining Centenary Square; the retail park owners British Land, improved public realm all around replacing the former Royal Mail Bradford is Home to more FTSE 100 companies than any other city in the North. the city centre; and residential sorting office off Valley Road. Bradford based companies employ over 250,000 people across the UK with a development promoting city centre The Bradford delegation will be combined turnover of over £30 billion living, particularly in and around keen to show the availability other Little Germany. Both the college key development sites such as the Bradford is the youngest city in the UK. (23.6% of the population are under 16). and the university have invested grade A office accommodation Bradford has 25,500 people employed in manufacturing, the 3rd highest of any city millions in transforming their which is destined for the The authority in the UK. campuses, bringing great student Tyrls – a former police station site 46,000 people commute daily between Bradford and Leeds – the largest flow facilities and accommodation to in the very heart of the city centre. between any two cities in the UK. the city. This prestigious office development
21 Focus on Hull
MIPIM 2017
continues to be in the 21st century. The council has also invested heavily in regenerating its centre, transforming its medieval old town into an attractive venue for visitors and converting the former fruit market by Hull Marina into a cultural quarter of local restaurants, artist studios, galleries, performance space and shops. The city’s focus this year will be on the events around the UK City of Culture which is expected to deliver a £60m economic boost. Major projects include the £5m refurbishment of the city’s Ferens Art Gallery, which opened this month, the £16m refurbishment of Hull New Theatre, set to reopen in summer 2017, and a new £32m 3,500 capacity venue for performances and events which A billion pound investment will open in mid 2018. The Ferens Gallery will also host the 2017 Turner Prize. driven by the UK City of Culture The huge investment in the city is also accompanied by a focus on addressing the city’s socio-economic challenges and or the city of Hull 2017 no view at all.’ business and a council which took research and development centre particularly on raising skill levels. will be an historic year to Until he joined the council a commercial view. I bought into and the Hull-York Medical School A new University Technical remember as it embarks in 2013 Matt was in the private that vision.’ is developing a £24m health College specialising in digital on 12 months of art sector as director of the thriving Hull’s focus is on job creation, hub. Telecommunications is technology and mechantronics Fevents celebrating its status as UK ports of Hull and Goole, part notably in renewable energy represented by local broadband is set to open in September. City of Culture. of the four Humber ports that where it was recently successful in provider KCOM, the successor Although welfare dependency has But this accolade caps the contribute £2.2 billion to the attracting multinational Siemens to what was once the council’s sharply dropped Hull is still one biggest regeneration drive the UK economy and support to the city to manufacture telephone department, whose of the most deprived areas in the city has ever seen with a billion 33,000 jobs. In that capacity he offshore wind turbine blades distinctive cream phone boxes still UK with a high level of health pounds worth of investment and worked closely with the council in a £310m Green Port plant, feature in the city. inequality. Unusually the posts of new jobs in renewable energy, especially on regeneration and the largest in Europe, which But the port is still Hull’s prime director of health and that of adult healthcare, telecommunications inward investment and when the opened in December 2016. The industry, 99% of whose traffic is care are combined enabling the and its longstanding port job of council chief operating company even donated one of its commercial, split between 70% council to take a holistic view of industries. officer came up decided to apply. giant blades as a city centre art imports and 30% exports, and health with a focus on prevention To critics who still think of He says he was attracted ‘by the installation to popular acclaim. defines the city’s role as a centre in which the UK City of Culture Hull as a declining port its city prospect of delivering investment Another key industry for of global trade just as it has been programme also plays a role. council chief executive Matt Jukes on a regional basis’ later becoming Hull is healthcare where long- since the 13th century when it As the council’s Matt Jukes says: says ‘think again.’ He adds: ‘The council chief executive in 2015. established local employer Smith exported wool. The Siemens/ ‘The city’s transformation won’t mood has definitely changed. He adds: ‘What appealed to me & Nephew is investing £9.5m in Associated British Ports plant all be completed by January 2018. We’re now getting recognition was not just that the place was its advanced wound management investment in the Green Port, one We expect it to carry on into the for our achievements instead of changing but there was a vision, centre, Reckitt Benckiser (RB) of the UK’s largest, shows how future. There is plenty more yet to people having a negative view or an engagement with residents and has a £110m investment in its vibrant this traditional industry be done.’ Why Hull is a city on the up
Our growing economy and transformation of the live in the city. A refresh of progressing at pace and is our status as UK City of city will continue beyond our City Plan will map out crucial if we are to achieve Culture 2017 is transforming 2017. A new concert and the future of Hull over the our goal of a regenerated external perceptions of events venue is set to next 30 years, ensuring and socially inclusive city. the city as a place to live, open in 2018, when work a joined up approach Many challenges remain, learn, work, study and will also start on a new, to its development, but confidence and belief invest. The opportunities iconic bridge that will management and in Hull’s ability to deliver this presents are re-connect the city to its promotion. And culture has never been higher. unprecedented and now waterfront. Longer term and the arts are now being When we launched the City the challenge is to maintain plans including the building embedded into all of our Plan and our bid for UK City the momentum. of a cruise terminal that will long-term city strategies of Culture in 2013, we were As a council, this means allow Hull to capitalise on and plans – from raising ambitious and optimistic continuing the work we its role as Yorkshire’s port attainment and aspirations but could not have have started to ensure that and to play its role in the Councillor Stephen Brady, to community cohesion and foreseen the progress that Hull’s renaissance is for the Northern and UK economy Leader, Hull City Council health and wellbeing. Hull would make. Today, long term, whilst stepping to the full. Alongside these exciting the sense of achievement, up the work to ensure that Our £500m programme continue to improve the opportunities, the work pride and excitement everyone in the city is able of neighbour-hood renewal quality of life of existing to reshape our services about what the future holds to benefit. and new house building residents as well as in the face of ongoing for Hull is palpable. This is, The physical is well under way and will bringing new people to cuts in revenue funding is undoubtedly, Hull’s time.
22 Focus on Hull
MIPIM 2017 :RUOGFODVVÀUPVERRVWWKHFLW\ ull’s ambitious world’s largest wind farms. Green was floated on the stock exchange, investment and Port Hull is a £310m investment the council selling its last stake regeneration strategy from Siemens and Associated in 2007. The company is now can be summed British Ports while Spencers broadband provider KCOM. The Hup in three words – jobs, jobs, Green Energy Works is a £200m city has also developed C4DI, a jobs. Its success is reflected not investment on former industrial centre for digital innovation and a only in a sharp drop in the land which will convert 250,000 hub for start-ups where the rivers numbers claiming unemployment tonnes of waste material a year into Hull and Humber meet. support but also in the ongoing energy. A city centre regeneration commitment by world-class Vivergo Fuels, one of the scheme is now nearing completion. companies like Siemens, Smith biggest bio ethanol producers in The council has invested £26m & Nephew and Reckitt Benckiser Europe, also has a £350m bio renewing the public realm, (RB) to the city. But investment is refinery converting wheat feed including the historic old town also linked to city centre renewal to bio ethanol. The Council is where tarmac and concrete paving with a major drive to revitalise the also working with the University have been replaced by sandstone historic quarters – part of a long of Hull to develop a Research, and granite. It is also regenerating term plan to realise Hull’s potential Hull’s port is a major source of jobs for the region Development and Innovation the former fruit market, using as a tourism destination Centre for the renewable energy existing buildings to create a lively, On a more personal level the sector. artistic area of restaurants, small city’s success also resulted in an took a hit with the 2008 recession. renewable energy industries On the healthcare side, a major shops, and artist studios. A new MBE awarded in last year’s Queen’s At one point 1000 jobs a month Among the city’s many success project is RB’s £110m investment bridge across a busy highway will Birthday Honours to Hull City were disappearing and the stories, one of the biggest was the in its research and development link the old city centre to the Council Director of Regeneration percentage of the workforce on decision by Siemens to develop centre to bolster the global fruit market and the waterfront, Mark Jones. jobseekers’ allowance hit 17% its offshore wind turbine blade healthcare company’s already major connecting what were once Mark, who joined in 1995, within 18 months from a low manufacturing plant in Hull which presence in the city to create 100 dislocated districts. has seen huge changes in the city of 7%. Aided by an external now employs 700 staff, while research posts. Smith & Nephew Across the city, investment in in the quarter century he has consultancy the council produced Smith and Nephew now employs also has a £9.5m investment in homes and neighbourhoods is worked for the council. When he a strategic plan to focus on three 1000 staff producing advanced its advanced wound management making Hull a more attractive joined the city was still struggling key manufacturing sectors, wound management products. business while Hull University is and popular place to live. The with the legacy of decline in its namely renewables (such as When the investment by these developing a £24m health hub £500m council-led renewal traditional manufacturing and biomass, biofuels and offshore and other companies is added for the Hull-York Medical School. programme is very well established port employment base. In addition wind turbines), health and together it totals £1.3billion in the The Humber is already the key and incorporates many private, with its nearest conurbation 50 pharmaceuticals (already existing city while the jobseekers allowance economic driver for investment community sector and registered miles away, Hull could not rely with global healthcare giants RB claimant rate has dropped from its within the Humber and its port provider partners, which ensures on neighbours to help lift its and Smith & Nephew and the high of 17% to 3.5%, the lowest it underpins Yorkshire’s economy. delivery of thousands of quality economy. As Mark says: ‘We are a Hull York Medical School and port has ever been. Hull’s employment The Humber ports are the UK’s homes through new build, freestanding city and we have to fix logistics. The city centre was also rate has increased faster than the largest ports complex and the tackling empties properties ourselves but I’ve always believed earmarked for a £100m renewal national average and it is now fourth largest in Europe, importing and neighbourhood renewal Hull’s economy is based on of its public realm and cultural in the fastest growing economy 33% of the UK’s coal and 33% of interventions. manufacturing and global trade. infrastructure The strategy was in Yorkshire in terms of GVA the UK’s natural gas. Currently active in seven These themes are reflected in our rolled up into the ten-year City according to the CBI. Hull also has a longstanding areas of the city, neighbourhood UK City of Culture programme Plan launched by Hull’s High The City Plan envisages Hull connection with tele- transformation is resulting with its first and final seasons being Steward, Lord Mandelson in as a UK energy city and a centre communications. Its former in significant private sector entitled Made in Hull and Tell the 2013, with its twin ambitions to for renewable energy industries telephone department became investment and more than World.’ make Hull a world-class visitor and investment and the Humber the council-owned Kingston 5,000 construction jobs and 500 Hull’s regeneration strategy destination and UK hub for is within easy reach of three of the Communications in 1987 until it apprenticeships. New college will expand engineering skills Along with regeneration computer engineering. and an arena where The council however still agenda in children’s and job creation, boosting Students will gain technical large scale machinery, has a role in driving up services with some 3,700 educational attainment TXDOLÀFDWLRQVLQWKHVH drones, robots and remote aspiration and supporting children in need and 600 and skills is also a key pri- subjects, while studying controlled vehicles can be the schools and the city’s looked after but is strong ority in Hull. Inward inves- core academic GCSEs, tested. economic success relies on on safeguarding. The tors like Siemens, Smith such as English and maths. The college is named educated young people council is developing a & Nephew and Reckitt It will provide 14-18 year after Ron Dearing, the for its future workforce. strategy based round a Benckiser (RB) need a olds with an education co-founder of the Baker /DWHVWÀJXUHVVKRZDQ system of pods to support skilled workforce but the combining study for core Dearing Educational improving trend with the social workers by creating thriving Hull economy also GCSEs and A Levels with Trust, which develops and city narrowing the gap a more holistic approach requires well educated the practical, technical promotes UTCs, who was against regional, statistical to helping children in need staff. and vocational learning born and studied in Hull. neighbour and England in partnership with health The city will have a DQGTXDOLÀFDWLRQVWKDW Most of the city’s schools averages. At key stage 2 and police professionals. new University Technical employers and universities are academies; of its 71 the combined measure The aim is to maximise College from September need. primary schools 49 are for reading, writing and early intervention. 2017 to provide skilled The college will allow academies and of the 12 mathematics is above the Hull City Council’s staff for the booming students to work on secondary schools ten are regional and statistical Deputy Chief Executive manufacturing and projects with experts from academies. Nationally the neighbour averages and Trish Dalby said: ‘I’ve lived technology sectors. the University of Hull and percentage of primaries in line with the England here since I was six and The UTC will specialise local employers. The state- that have become average. Ofsted has there’s never been such in digital technology of-art building, located academies is over 20%, judged 80% of its schools optimism and sense of and mechatronics, in Hull city centre, will regionally 26% and in Hull, as outstanding or good aspiration as there is now. a combination of provide industry standard in September 2016, was and only 4% inadequate. The council is instrumental mechanical, electrical, technology as well as 63% and will be over 75% Like all local authorities, in making sure all our telecommunications and workshops, a design studio by April 2017. Hull has a challenging FKLOGUHQEHQHÀWIURPWKLV·
23 North East region
MIPIM 2017
5HÁHFWLRQVRI6W0DU\·V/LJKWKRXVHQHDU:KLWOH\%D\1RUWKXPEHUODQG(QJODQG Time for the North East to shine
Famed for its the stunning scenery and The North East 4.6 million passengers fly to 80 manufacturing industry, the North East of LEP is responsible different destinations all over the for the delivery world. England is a big region with even bigger of the North East It also supports 3,200 jobs on economic plans Strategic Economic site and a further 4,600 across Plan, which aims to create 100,000 extra jobs for the region. the region by 2024, bringing the total number of The airport serves a catchment he North East Newcastle upon Tyne is the people employed in the North East to 1m. area of the North East, South region covers largest city in the North East Covering the local authority areas of County Scotland, Cumbria, and North Northumberland, with a population of just under Durham, Gateshead, Newcastle upon Tyne, North Yorkshire and contributes County Durham, 280,000. The city is famous for Tyneside, Northumberland, South Tyneside and £646m into the regional TTyne and Wear, and the Tees its vibrant night life, football economy yearly. Sunderland, the LEP also manages the £330m Valley, and forms part of the team and is also home to the North East Growth Deal and £55m North East And the region also has a border between England and Great North Run, which is the Investment Fund. strong oil and gas industry, Scotland. largest half-marathon in Europe. The LEP area’s Enterprise Zone includes the having benefitted from North According to the latest figures Sunderland is the second Ultra Low Carbon Vehicle sites adjacent to the Sea oil and gas. The North from the Office for National largest city in the region with A19 in Sunderland and the River Tyne North East Chamber of Commerce Statistics, the North East has a a population of 177,000 and it bank, including, Swan Hunter in North Tyneside, estimates that 65,000 people in total population of 2.6 million is also home to the Nissan car Neptune Yard in Newcastle and the Port of Tyne the region work in that sector. and boasts an average population manufacturing plant, which has North Estate. The latest figures from the growth rate of 0.3%. built more than 8 million cars ‘It has been an unsettling time for many North Office for National Statistics The North East Local since it was first opened in 1986. East businesses following local devolution show the North East had an Enterprise Partnership estimates The Nissan factory is one of the decisions and I would like to take this opportunity unemployment rate of 7.5% the region contributed a gross largest of its kind in the country to inform the Government that the North East between May and July this year, value added (GVA) of £35.4bn in the North East Chamber of LEP remains committed to continuing to deliver and an employment rate of to the UK economy in 2014, Commerce estimate that one for all our stakeholders,’ said LEP chair, Andrew 70.9%, which had increase by and represents 2.2% of the in three cars built in the UK Hodgson. 0.4% since the previous quarter. UK and 2.6% of the English car now come from Nissan’s ‘We are keen to ensure that business leadership According to the North East economy. Sunderland plant. and engagement remain at the heart of strategic LEP, 888,000 people were Between 2004 and 2014, the The cathedral city of Durham economic growth.’ employed in the area in 2015 GVA in the North East area rose is the county town of County and nearly 47,000 jobs have by 34%, with annual growth Durham and other large towns been addd over the past two rates of around 3% per year. and cities in the region include Sunderland and Teeside, which links allowing easy access to years. As the region prepares for Public services, transport and Gateshead, Middlesbrough and all offer world-class teaching both London and Edinburgh. the future, it is facing forward manufacturing make the largest Stockton-on-Tees. and research facilities, covering a Newcastle International Airport and ready to create more jobs contribution to the area’s GVA, The North East is also home wide variety of subjects. has been serving the people of and opportunities for the people and its manufacturing sector to five universities – Durham, The region has excellent the North East for more than 75 who live there and the businesses outperforming the UK average. Newcastle, Northumbria, transport connections, with rail years. In 2015 it helped enable that are based there.
24 Scotland
MIPIM 2017
important employers, centred on Aberdeen in the North East of £100m is being injected into the country. Scotland is also leading the Scotland’s capital spending plans, way with renewable energy, with more than 300 companies SURYLGLQJDVLJQLÀFDQWERRVWWR involved in the sector. the £6bn worth of projects already Scotland is also famous for introducing the world to the under construction game of golf, which was first played at the Old Course at St Andrews in the 1400s. According to figures published in the EY Scottish Attractiveness Survey in May, the country is also enjoying a record amount of foreign direct investment (FDI). The survey found Scotland secured 119 FDI projects last year, an increase of 51% on the previous year, and more than double the UK’s 20% increase. Software was the top- performing sector in the survey, with 19 projects and a 170% increase. ‘The majority of FDI projects for Scotland in 2015 were new rather than expansions,’ says EY senior partner, Mark Harvey. ‘This ability to attract a higher proportion of new, first-time investors signals a positive future The Kelpies are 30-metre-high horse head sculptures, standing next to a new extension to the Forth and Clyde for Scotland.’ Canal in The Helix, a new parkland project built to connect 16 communities in the Falkirk Council area Recent official figures, which were published in September, show the unemployment rate in Scotland has fallen by more than 1% over the last economic quarter to reach 4.7% and is now Taking the high road below the UK rate. Scotland’s employment level increased by 51,000 over the quarter to 2,631,000, making it the largest quarterly rise on to economic growth record. Scotland also continues to outperform the UK on female For thousands of years, the nation of Scotland has forged its own path and today is known employment, unemployment and throughout the world as leader in fields as diverse as renewable energy and whisky inactivity rates ‘While these figures are welcome the Scottish overing the northern century, which transformed capital of Scotland, the largest Government is absolutely third of the island the country into one of the city is Glasgow, which has just committed to taking further of Great Britain, commercial, intellectual, and over 584,000 inhabitants. The action,’ said the Scottish cabinet the country has its industrial powerhouses of Greater Glasgow conurbation, member for the economy, Keith Cown Parliament and devolved Europe. with a population of almost Brown. government. The second largest city, 1.2 million, is home to nearly a ‘In addition, £100m will be Outright independence was Glasgow, was once one of the quarter of Scotland’s population. injected into our capital spending rejected in a referendum two world’s leading industrial centres Separate legal, educational plans this year, providing a years ago and although there and now lies at the heart of the and religious institutions distinct significant boost to the £6bn has been speculation about its Greater Glasgow conurbation, from those in the remainder of worth of projects already under future in the aftermath of the while the waters surrounding the UK have all contributed to construction, and supporting UK decision to leave the EU, Scotland, including a large sector the distinctive Scottish culture activity and jobs in key sectors of it remains a full member of the of the North Atlantic and the and national identity. the Scottish economy. United Kingdom. North Sea, contain the largest oil Traditionally, the Scottish ‘The statistics also continue It shares a border with England reserves in the European Union. economy has been dominated to show that Scotland is to the South and is otherwise The average number of people by heavy industry, including outperforming the rest of the UK surrounded by water, with more per km2 in Scotland is 68, among shipbuilding in Glasgow, coal in terms of youth employment than 790 islands, and includes the lowest of the EU countries. mining and steel, though de- and I am very pleased that seven cities: Aberdeen, Dundee, However, there are huge industrialisation during the the female employment rate Edinburgh, Glasgow, Inverness, variations across the country. 1970s and 1980s saw a shift has risen over the quarter, Stirling and Perth. The Western Isles and the towards a more service-oriented a testament to our work to Edinburgh, the country’s Highlands have just nine people economy as in the rest of the UK. ensure women have the same capital and second-largest city, per km2, whereas Glasgow has Industries associated with equality of opportunities in Piper outside 3,395. was the hub of the Scottish Edinburgh Castle the extraction of North Sea the labour market as their male Enlightenment of the 18th Although Edinburgh is the oil, however, continue to be counterparts.’
25 Wales
MIPIM 2017
Attracting more than 600,000 visitors annually, Wales boasts three national parks, ÀYHDUHDVRIRXWVWDQGLQJEHDXW\DQGPDQ\ castles
industries and tourism. Cities like Swansea and Cardiff have enjoyed massive The land of rugby, regeneration in recent years, with many large companies and global brands – such as the BBC – investing heavily in the region. The Cardiff city region now song and enterprise has a population of 1.5 million, with 40% of the workforce educated to degree level. With its rugged coastline, stunning countryside and proud industrial heritage, it’s no wonder According to the latest set of official statistics, unemployment that Wales is a popular destination for businesses and holidaymakers alike was 4.1% between May to July, down from 6.5% over the same three months in 2015. ollowing a string of new The employment rate in Wales announcements by the stood at 73.2% during the same Welsh Government, time period, which was up from including a £4m fund 71.3% in 2015. This compares to Ffor social businesses and a trade the UK rate for the same period, mission to Japan, the Welsh which was 74.5% and up from economy is set to go from 73.5% a year earlier. strength-to-strength. ‘Employment in Wales is ‘Post-referendum our message increasing faster than the UK to our international partners average and now stands at an must be that Wales remains very historic high level, with 34,000 much open for business,’ says more people in work now than Welsh economy secretary, Ken 12 months before,’ says first Skates. minister, Carwyn Jones. ‘This outward-looking and While the average weekly proactive approach is vital to earnings for full-time adult our work to build a stronger and employees in Wales stands at Newport is a cathedral and university city and a unitary authority area in Wales fairer economy and one that £473, compared to £527 in the benefits every section of society rest of the UK. and every part of Wales.’ mountainous, with its highest in times past. Although the vast government based in Cardiff and The gross value added per The country is the third peaks in the North and central majority of the population speaks is divided into 22 council areas head in Wales is £17,573 and the biggest member of the United areas, especially in Snowdonia. English, the country has retained responsible for the provision of average household wealth stands Kingdom. It is smaller in area Attracting more than 600,000 a distinct cultural identity and all local government services, at £214,200. than Scotland, but larger than visitors annually, Wales boasts is officially bilingual, with all including education, social ‘We continue to have big any English region except South three national parks, five areas of government documents and signs work, environment and roads ambitions for Wales and its West. It covers 9% of the total outstanding natural beauty and produced in both English and services. economy and are determined to area of the UK at 20,700km2. many castles, most of them built Welsh. Wales’ economy depends on deliver on them for the people of The region is generally to maintain the English conquest Wales has its own devolved the public sector, light and service Wales,’ adds Mr Jones.
26 Northern Ireland
MIPIM 2017
The Belfast metropolitan area dominates in population terms, accounting for more than a third of the region’s inhabitants
Titanic Museum Belfast Young and upwardly mobile
It might be the smallest constituent member of the United Kingdom, but with 55% of the population under the age of 40, Northern Ireland has one of the youngest populations in Europe
ccupying the North to £65.8bn in 2014. in Northern Ireland is £128,562, East of the island of Northern Ireland enjoys certain compared to the UK average of Ireland, the province advantages as it forges its future. £204,238. covers 13,600km2, Its universities are of high quality, ‘This is a time of great Oequivalent to 6% of the total area labour costs are low, and unlike potential for Northern Ireland of the UK, and shares a border the rest of Britain, the region has and we have laid strong with the Republic of Ireland. a land border with a Eurozone foundations which are helping And while the region’s country. underpin the recovery of economy is the smallest of the The Belfast metropolitan area Northern Ireland’s economy,’ says four countries of the UK, the dominates in population terms, first minister, Arlene Foster. latest figures from the Northern accounting for more than a ‘Significant progress has already Ireland Composite Economic third of the region’s inhabitants. been made in terms of jobs and Index (NICEI) show its economy In mid-2012, Northern Ireland’s investment. Over the last five grew by 0.4% in the first quarter population density was 134 years Invest Northern Ireland of this year. people per km2, the second lowest has delivered the promotion The figures also show over of all UK countries. of 42,488 new jobs, £3bn of the last two years annual output The current unemployment employment related investment, increased by 1.3%, which is less rate in Northern Ireland is 5.6% £589m of business investment 0.7% than the GDP growth in Northern Ireland, which is in research and development, figures for the UK as a whole higher than the rest of the UK £38m of loans made through the (2%). average (4.9%). Growth Loan Fund, and a 9.1% The Northern Ireland And figures from the growth in manufacturing exports construction bulletin also shows Northern Ireland Labour Force in 2015-16 from 2014-15. output in the first quarter of 2016 Survey show the unemployment Ben Crom Reservoir in the Mourne Mountains, ‘These achievements have was up by 3.4% over the quarter rate in the province has decreased County Down benefited the whole of Northern and up by 2.3% over the year. by 0.7% over the last year and is Ireland and have delivered a And another indicator of now at its lowest level since 2009. return of almost £6 of investment economic wellbeing – total sales ‘I am greatly encouraged by the across our labour market,’ According to recent figures in our economy for every £1 by companies in Northern Ireland continuing signs of improvement says economy minister, Simon by the Nationwide Building of Invest NI support,’ adds Ms – rose by 2% on the previous year in economic conditions, especially Hamilton. Society, the average house price Foster.
27 Shaping and connecting UK property
The UK Property Marketplace 18-19 October 2017, London Olympia mipimuk.co.uk