City council and inward investment agency to sit out MIPIM

Troubled Nottingham City Council is sitting out this year’s MIPIM property event in Cannes this year, it has been confirmed.

“Team Nottingham” will be led entirely by as yet unnamed private sector businesses, with inward investment agency Invest in Nottingham also choosing not to fly to the south of France for the event, which is attending by 22,500 people and will kick off on March 12.

Nottingham City Council and Invest in Nottingham have given the group their “full backing” to represent the city at MIPIM.

It is the third consecutive year that the private sector has taken on the mantle of representing Nottingham at the annual gathering.

Councillor David Mellen, leader of Nottingham City Council, said: “While the council aren’t attending MIPIM this year, we are fully supportive of the representatives from the city’s private property and regeneration sector who are going.

“It is an important event and we wish them all the success in flying the flag for Nottingham. Their work will help attract inward investment to the city, which will support jobs and economic prosperity within the city.

“Their presence will not only help showcase investment opportunities, but their work will support the city-wide ambitions of the new 10-year economic plan – which has been created to help boost our local economy, creating a vibrant, sustainable, and investment friendly Nottingham.”

The group was initially set up as a partnership between the public and private sector to celebrate the city as part of the Midlands Engine pavilion at the event, led by Lorraine Baggs of Invest in Nottingham.

She said: “Despite Invest in Nottingham not having an official presence at MIPIM this year, we are fully behind the private sector taking the baton for Team Nottingham and sharing the fantastic opportunities that are available in our city.

“At a time when the city is brimming with potential, it is vitally important to bring inward investment into the city to support our efforts to grow its economy and create new jobs and new opportunities for its people.”

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