£3bn worth of East Mids schemes to be marketed to foreign investors

International Trade Secretary Dr Liam Fox will today (Thursday 17 May) launch a new drive to attract foreign investment into the East Midlands at a meeting of the Board of Trade in Stirling.

The Department for International Trade (DIT) is promoting 68 UK investment projects worth more than £30bn to overseas investors – including ten schemes from the East Midlands worth over £3bn.

They are:
· Loughborough University Science & Enterprise Park, Loughborough, £625m

· Island Site, Nottingham, £500m

· Ashton Green, Leicester, £480m

· Drakelow Park, Derbyshire, £360m

· Waterside, Nottingham, £340m

· Grantham Southern Quadrant, Lincolnshire, £200m

· Tudor Cross, Bolsover, £175m

· Heart of the City, Derby, £165m

· Space Park Leicester, Leicester, £100m

· Boots Enterprise Zone, Nottingham, £100m

Fox will also extend the High Potential Opportunities scheme, piloted in Doncaster’s rail industry, Telford’s agri-tech sector, and Greater Manchester’s innovative Graphene-based lightweight materials sector to new industries and parts of the UK.

He said: “This is a bold and ambitious programme, building on the UK’s position as the leading destination for foreign investment in Europe through the government’s Industrial Strategy, helping to build a Britain fit for the future.

“The High Potential Opportunities scheme will deliver growth where it is most needed, ensuring that the benefits of global investment are felt in every part of the country.

“And with more than £30bn worth of new opportunities, my international economic department’s overseas network is working hard to attract top investors to the UK.”