Midlands Engine Investment Opportunities 2 Great.Gov.Uk | Midlands Engine Investment Opportunities Great.Gov.Uk | Midlands Engine Investment Opportunities 3
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Midlands Engine Investment Opportunities 2 great.gov.uk | Midlands Engine Investment Opportunities great.gov.uk | Midlands Engine Investment Opportunities 3 Contents Foreword 5 Introduction 7 DIT’s Capital Investment Directorate 8 Welcome to the opportunity 10 The Midlands Business Environment 12 Property and Infrastructure Strategic Market 14 Location and Economy 16 Investment Opportunities 19 Join Us 22 Why invest here 24 4 great.gov.uk | Midlands Engine Investment Opportunities great.gov.uk | Midlands Engine Investment Opportunities 5 Foreword I have great pleasure in offering The success of the Midlands you the opportunity as investors Engine is being driven by to explore the many exciting private sector investment, with projects in this latest Midlands international investors creating Engine investment opportunity and securing over 13,000 jobs portfolio. My Department has in 2016/17. This is a trend which prepared this showcase of we aim to accelerate and this investment-ready projects portfolio is a vital part of those in collaboration with many plans. The Midlands is ready to organisations and individuals build on its long commercial and across the Midlands, including trading history as never before. city councils and the West The Midlands is very much open Midlands Combined Authority, for business and we encourage which stand ready to support you to become part of its and facilitate your investment in success story. the region. The UK is one of the leading destinations for large-scale property and infrastructure projects and the Midlands region Rt Hon Dr is no exception. As a globally Liam Fox MP significant and innovative Secretary of State advanced manufacturing for International Trade base it is no surprise that it and President of the offers commercially attractive Board of Trade opportunities, from space and automotive technology parks, to the transport infrastructure needed to support its ambitious growth plans. This includes a range of opportunities associated with one of Europe’s largest infrastructure projects, the HS2 high-speed railway, which will require three new stations across the region. 6 great.gov.uk | Midlands Engine Investment Opportunities great.gov.uk | Midlands Engine Investment Opportunities 7 Introduction The Midlands region is home Since launching the first Midlands to some of the UK’s leading Engine Investment Portfolio businesses and offers an in 2016, we have seen strong enviable quality of life to those overseas interest in many of the who choose to invest here. As projects. We continue to host a Midlander and businessman, bespoke visits for investors from I know very well how much around the world, helping them this region has to offer. I am to find the best location within convinced that the UK’s future the Midlands. Supported by our economic prosperity can be West Midlands Mayor and City driven by the Midlands’ industry, Leaders, we make it easier for innovation and energy. investors who have chosen to invest in the UK to choose the The Midlands Engine Partnership Midlands. has brought public and private sector interests in our region The Midlands is open for together in an unprecedented business and we are very way to promote its assets, confident about our future. real-estate and infrastructure When the Midlands succeeds, investment opportunities and the UK succeeds. We invite you to make it easy to make those to join and share our success. investments. We have worked closely with the Department for International Trade to identify the many and varied exciting projects set out in this Investment Sir Portfolio, that I am delighted to John Peace introduce to you. Chairman Midlands Engine 8 great.gov.uk | Midlands Engine Investment Opportunities DIT’s Capital Investment Directorate The Department for International organisations across the country to Trade helps businesses export, drives understand their priorities and how investment, opens up markets and investable their offer is. champions free trade. We promote opportunities across the We are an international economic UK, often contextualised in the qualities department, responsible for: of places and regions. Demonstrating wider economic strengths • Bringing together policy, promotion and underpins confidence financial expertise to break down barriers in specific investment opportunities and to trade and investment, and help generates interest in places businesses succeed. with compelling offers that • Delivering a new trade policy framework international investors for the UK as we leave the EU. may be less familiar with. Matching investor priorities • Promoting British trade and investment with the characteristics of across the world. places and projects aids the development of valuable • Building the global appetite for British longer term partnerships goods and services. between investors, local institutions and businesses. The UK is a leading global destination We also work with investors who for investment into property and have already identified investment infrastructure development and high- opportunities to help navigate their growth firms. journey, speeding investment and encouraging repeat business in the The UK is committed to reinforcing this UK. Building these relationships offers position and DIT’s Capital Investment opportunities to highlight the UK’s team leads on this agenda. geographically and sectorally diverse We have a strong track record range of opportunities to organisations having attracted billions of pounds of that have successfully invested here. foreign investment. We work closely with commercial and governmental great.gov.uk | Midlands Engine Investment Opportunities 9 We work in the fields of Large capital projects in property development, regeneration 1 and infrastructure. Attracting growth capital into high potential businesses, for 2 example in the technology sectors. Venture Capital, working to direct investment into high potential 3 start-up companies. Assisting entrepreneurs to move to places where they can benefit 4 from the business networks and suitable economic environments. We realise the value government can project finance, energy, transport, add to the investment process, using its regulated assets, venture capital and global network of international offices entrepreneurship. to manage relationships with investors, Our network of UK specialists includes large corporates, high net worth representation in the Midlands, ensuring individuals and families, private sector expert local insight into projects, local agents and other governments. government and businesses can be DIT’s Capital Investment Directorate quickly and reliably provided. We work acts as a one stop shop to align closely with our local partners, in the investors with a credible project public and private sector, who bring pipeline, helping them understand the additional regional endorsement and returns. We can introduce interested local expertise to each project. international parties to UK companies We look forward to working with you with a wealth of sectoral expertise or and showcasing the Midlands. blue-chip domestic investors interested in co-funding models. For further details or to arrange a meeting to discuss potential, We are able to offer expert advice, please email: utilising a range of specialists in [email protected] property development and finance, Quick Facts Project Promoters: Hermes / Birmingham City Council Scale: £550 million (Phase 2 & 3) Mixed-use – commercial, retail, Sector: leisure and hotel Location: Birmingham City Centre Investment Type: Development partner or funder Phase 2 will commence on site in late 2018 with completion in late 2021. All of the major off site Programme: infrastructure will be completed as part of the current Phase 1 works in October 2017. All Project Phases to be complete by Sumer 2026 Phase 1 is fully consented; the Paradise masterplan for all phases has outline planning consent with Planning Status: a Reserved Matters application for One Centenary Way being submitted in Autumn 2017 Website: www.paradisebirmingham.co.uk 10 great.gov.uk | Midlands Engine Investment Opportunities Welcome to the opportunity All images © Paradise, Birmingham With an economy worth more than comprising the largest demographic £200 billion generating 13% of the UK’s group among its 10 million citizens. Gross Value Added (GVA), the Midlands 500,000 students come to the region Engine is at the heart of UK growth.1 each year adding to its great diversity. Plans to house this growing population w: www.gov.uk/ditThe Midlands is a region with ambitious plans, intending to build on the 18% include the need to build 600,000 e: [email protected] growth that has taken place over the new homes over the next 15 years in past five years to achieve an economy cities such as the UK’s second city – worth £260 billion and create 300,000 Birmingham – Nottingham, Coventry, more jobs over the next 15 years.2 Derby, Hereford, Leicester, Lincoln, Stoke-on-Trent, Wolverhampton and The region is home to 15% of the UK’s Worcester.3 population, with 20-24 years olds 1 The Vision For Growth, The Midlands Engine 2 The Vision For Growth, The Midlands Engine 3 The Vision For Growth, The Midlands Engine Quick Facts Project Promoters: Hermes / Birmingham City Council Scale: £550 million (Phase 2 & 3) Mixed-use – commercial, retail, Sector: leisure and hotel Location: Birmingham City Centre Investment Type: Development partner or funder Phase 2 will commence on site in late 2018 with completion