Key West Midlands projects on list of Government’s multi-billion pound investment drive
International Trade Secretary Dr Liam Fox is launching a £30bn drive to attract foreign investment into the UK, with a number of leading West Midlands schemes listed as part of the strategy.
UK Central Hub and HS2 Interchange, Solihull, Birmingham International Station, Stoke-on-Trent City Centre, MIRA Technology Park Southern Manufacturing Sector, Nuneaton, and Birmingham Curzon are among the list of projects earmarked by the Government as it looks to attract investment.
Fox will today launch the strategy at a meeting of the Board of Trade, where 68 UK investment projects worth more than £30bn to overseas investors will be promoted.
The West Midland schemes are:
· UK Central Hub and HS2 Interchange, Solihull, £2,000m
· Birmingham International Station £1,400m
· Birmingham Curzon £1,000m
· Friargate Coventry, Coventry, £700m
· i54 Western Extension, Wolverhampton, £600m
· Paradise, Birmingham, £550m
· Stafford Gateway North, Stafford, £381m
· Stoke-on-Trent City Centre, Stoke-on-Trent, £310m
· Worcester Growth Corridor, Worcester, £300m
· MIRA Technology Park Southern Manufacturing Sector, Nuneaton, £150m
· Interchange Commercial District, Wolverhampton, £150m
· Skylon Park, Hereford, £105m
· Telford Investment Cluster, Telford, £105m
· Redditch Gateway, Redditch, £100m
Fox 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 £30 billion worth of new opportunities, my international economic department’s overseas network is working hard to attract top investors to the UK.”
Carolyn Fairbairn, CBI director-general, said:“The UK has a strong standing when it comes to attracting investment to these shores. That investment leads to real, tangible benefits for people and communities – more jobs, prosperity and choice.
“The International Trade Department’s drive to attract billions of pounds worth of investment to projects in each corner of the country is warmly welcomed by firms.
“The new online catalogue of British projects for global investors to find and research will also be a vital tool to attracting even more capital to the UK, enabling the benefits of free trade and investment to flow into our communities.”
