Attracting Investment into UK Cities
With the government putting core cities at the heart of the UK’s growth agenda, what can regional leaders do to capitalise? Where will investment come from? What role does infrastructure have to play? Should they compete or cooperate? And is it more important they connect with each rather than with London?
Chaired by: Damian Wild
Panellists:
Sir Howard Bernstein, Chief Executive, Manchester City Council , Joe Anderson, Mayor of Liverpool, Martin Farrington, Director of City Development, Leeds City Council Joanna Averley, Director – Planning, Development and Regeneration, GVA
Sponsor : Estates Gazette, In Association with GVA and UK Core Cities David Marks, Co-Managing Partner, Brockton Capital LLP
“UK commercial real estate bringing in 11% return per annum”
David Marks from Brockton Capital kicked off this panel discussion with a compelling presentation of the hard facts supporting the growing attractiveness in UK regional cities. David Marks says, “It’s clear that the asset class is back, with UK commercial real estate bringing in 11% return per annum.” He also made a point in stating that UK cities are far more attractive today than in the past- with better leaders, better manufacturing and better city centres.
That being said, David Marks pointed out the “four elephants in the room”:
1.QE ZIRP 2. Scotland 3.EU Referendum 4. Relationship with London
Joanne Averley, Director of Bilfinger GVA, reminds us all that there are growing opportunities in the core UK cities – not only because of high living costs in London, but by just studying the fantastic new developments in these areas. She stresses that it’s a long term game -and no easy task – but to attract investors, the important thing our cities can do is providing a distinctive offer. That includes finding solutions that are right for your city – not necessarily duplicating models from existing capital cities.
The cities on the panel, including Leeds, Cardiff, Manchester, Nottingham and Newcastle, all seemed to echo one another, arguing that interest will grow due to developing metro and train circuits, providing efficient connectivity with London and European cities. Furthermore, it goes without saying, that with the growing housing crisis and exploding costs in London will ultimately prompt interest in UK regions. The challenges were the same as well -further work on driving private and public collaboration is the key to fostering further growth and eventual investment.
Ken Poole says investors are seeing potential bargains and growth in Cardiff – setting it to become one of the leading UK core cities over the next 5-7 years. Martin Farrington says Leeds is focused on a devolution deal based on existing strengths and adding value. Newcastle’s Pat Richie pushes for creating new labour markets across the north with a good housing offer that could compete with London. David Bishop of Nottingham City Council cites a need for a combination of talent, value, and quality of life – not to mention the connectivity with the rest of Europe. Sir Howard Bernstein spoke of devolution, and that cities need a place based approach for spending and a return on incentives. He also encourages a continued increase in collaboration between regions.
Image: Images & Co / Y Piriou
40 Comments
I’m now not positive the place you’re getting your info, but great topic.
I needs to spend some time finding out more or figuring out more.
Thanks for fantastic information I used to be looking for this information for my mission.
Keep on working, great job!
Pretty nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed
browsing your blog posts. After all I will be subscribing to your rss feed and I hope you write again very
soon!
When someone writes an article he/she retains the plan of a user in his/her brain that how a user can know it.
Thus that’s why this article is great. Thanks!
Its not my first time to go to see this site, i
am browsing this web page dailly and get fastidious information from here everyday.
I am extremely impressed together with your writing skills as smartly as with the structure in your blog.
Is that this a paid theme or did you modify it yourself? Anyway keep up the nice high
quality writing, it’s rare to see a great blog like this one nowadays..
Thanks designed for sharing such a good idea, piece of writing is
pleasant, thats why i have read it completely
Hello There. I discovered your weblog the use of msn. This is a really neatly written article.
I will make sure to bookmark it and come back to learn extra of
your useful info. Thank you for the post. I’ll definitely comeback.
Way cool! Some very valid points! I appreciate you writing this article plus the rest
of the website is also really good.
Hello, constantly i used to check webpage
posts here early in the break of day, because i enjoy to find out more and more.
Pretty! This has been an incredibly wonderful post. Thanks for providing this info.
If you would like to take much from this post then you have to apply such methods to your won blog.
It’s fantastic that you are getting ideas
from this paragraph as well as from our discussion made
here.
This is my first time pay a quick visit at here and i am
really happy to read everthing at one place.
Woah! I’m really loving the template/theme of this site.
It’s simple, yet effective. A lot of times it’s challenging to get that “perfect balance” between usability
and appearance. I must say you’ve done a amazing job with this.
Also, the blog loads very fast for me on Internet explorer.
Outstanding Blog!
Asking questions are really pleasant thing if you are not understanding anything totally, but this article provides nice understanding yet.
I really like your blog.. very nice colors & theme. Did you design this website yourself or did
you hire someone to do it for you? Plz answer back as I’m looking to design my own blog and would
like to find out where u got this from. kudos
478474 251108Superb weblog here! following reading, i decide to buy a sleeping bag ASAP 922984
895529 514415I admire your work , regards for all the beneficial blog posts. 840536
I’ve been exploring for a little bit for any high quality articles or weblog posts in this kind of area .
Exploring in Yahoo I finally stumbled upon this web site.
Studying this information So i’m satisfied to express
that I’ve a very just right uncanny feeling I found out just what I needed.
I such a lot unquestionably will make certain to do not overlook this web site and
provides it a glance on a continuing basis.
Asking questions are really good thing if you are not understanding anything totally, however this post gives pleasant
understanding yet.
Hello, tender thanks you for word! I repost in Facebook
I am sure this piece of writing has touched all the internet
visitors, its really really pleasant article on building up new weblog.
Excellent post. I was checking constantly this blog and I’m impressed!
Extremely useful information particularly the last part 🙂 I care for such info much.
I was looking for this particular info for a long time. Thank you and good luck.
I’m really inspired with your writing skills
as well as with the structure for your weblog.
Is that this a paid subject or did you modify it your self?
Anyway keep up the nice high quality writing, it’s rare to see a great weblog like this one these days..
529386 499906Great information many thanks sharing and reaching us your subscriber list. 945182
Wow, this post is nice, my sister is analyzing such things, therefore I
am going to convey her.
Hello, thank you for information! viagra boner http://viapwronline.com I repost in Facebook.
viagra price
Hiya! Quick question that’s totally off topic.
Do you know how to make your site mobile friendly? My
site looks weird when viewing from my iphone4.
I’m trying to find a theme or plugin that might be able to resolve this issue.
If you have any suggestions, please share.
Appreciate it!
Keep on working, great job!
certainly like your website but you have to take a look at the spelling on several of your posts.
Several of them are rife with spelling issues and I
find it very troublesome to tell the truth nevertheless I’ll certainly come back again.
905252 741344Bereken zelf uw hypotheek. Hypotheek berekenen? Maak snel een indicatieve berekening van het maximale leenbedrag van uw hypotheek. 338644
Hello, blame you http://cialisxtl.com in favour of tidings! cialis daily
when will viagra become generic
Good day very nice site!! Guy .. Excellent .. Superb ..
I’ll bookmark your blog and take the feeds also?
I’m happy to find a lot of useful information here within the submit, we need develop extra strategies in this regard, thank you
for sharing. . . . . .
It’s hard to come by educated people for this subject, however,
you seem like you know what you’re talking about!
Thanks
Your style is really unique compared to other people I have read stuff
from. Many thanks for posting when you have the opportunity, Guess I will just bookmark this blog.
Cialis cialis generic availability low cost cialis
Misoprostol 200 Mcg Tablet Cialis No Effect For Sale Shipped Ups Isotretinoin Acne Discount Medicine canadian pharmacy cialis 20mg Cialis Generika Unterschied
Great article, just what I was looking for.
Cialis what is cialis cialis tadalafil 20 mg