A portfolio of 13 projects offering more than £5 billion of opportunities to Chinese and international investors, including doubling the size of Media City in Salford has been unveiled by the Chancellor, Phillip Hammond.
The portfolio has been launched as part of the eighth UK-China Economic and Financial Dialogue (EFD), which will involve a series of events over a two-day period, including discussions on trade, financial services, infrastructure and energy.
Chinese Vice Premier Ma Kai, who brings with him the most senior Chinese delegation to the UK this year, will also have meetings with the Prime Minister and Bank of England Governor Mark Carney, with the overall dialogue focusing on forging a stronger strategic partnership between the UK and China – the world’s second largest economy.
Besides Media City, projects showcased included Future Carrington, with opportunities for investment in a large scale residential and employment development in a prime location, providing over 14,000 new jobs and contributing an additional £720m GVA per annum.
Kampus, Manchester: an exciting opportunity to create new city centre apartments and retail including bars, cafes and shops and Stockport Exchange, an opportunity to provide funding for Stockport Exchange, a brand new mixed-use destination combining high quality office space with retail, leisure facilities and car parking.
Northern Powerhouse Minister Andrew Percy said:
Building the Northern Powerhouse is at the heart of our efforts to create an economy that works for everyone.
Investors from abroad know that the North has some of the world’s best and most talented entrepreneurs and businesses, and today we’re showcasing 13 oven-ready opportunities to them which could create thousands of jobs for years to come.