Sunday, June 26, 2022

Midlands Investment Portfolio has potential to drive billions in inward investment

The Midlands Engine partnership is today (18 May 2022) launching the Midlands Investment Portfolio – a ‘digital front door’ opening up investment opportunities across the region.

Taken together, it is estimated these opportunities could support or create a staggering 220,000 jobs and deliver more than £33bn in Gross Development Value.

The Midlands Investment Portfolio showcases investment opportunities across Midlands core sector strengths including: Health and Life Sciences, Energy, Transport Technology, Cyber and Data, Materials and Products, and Agri-food. Within this, opportunities are available in the Industry, Infrastructure, Retail and Commercial, Research and Development, Residential and Education spaces.

The Portfolio has been developed in collaboration with Midlands Engine partners, including the region’s local authorities, local enterprise partnerships, and leading promotion and investment agencies – to present the most complete picture currently available of Midlands priority investment propositions.

Working with Midlands champions in geographies across the world, the Portfolio now becomes a vital asset for their continued advocacy and support for the economic growth and future prosperity of the region.

The Portfolio forms the keystone of Midlands Engine’s involvement at the UK Real Estate Infrastructure Investment Forum (UKREiiF). Throughout the Forum, the Midlands Engine partnership will showcase the region’s strengths in support of the urgent need to level up and drive economic growth and prosperity.

Sir John Peace, chairman of the Midlands Engine, said: “The Midlands offering to the world has always been prodigious – from our heritage as the birthplace of the Industrial Revolution, to the cutting-edge technologies that are being developed right now in sectors as diverse as health and life sciences, digital and clean energy.

“The Midlands Investment Portfolio showcases the exceptional breadth of our region’s investment potential in one place – a comprehensive resource to pinpoint the primary investment opportunities our wonderful region has to offer.

“As Midlands Engine partners continue our work, together, to accelerate growth and prosperity in our region, the Portfolio will be a vital tool in our collaborative efforts to drive inward investment.”

Minister for Investment, Lord Grimstone said: “The Midlands Investment Portfolio provides a world-leading resource to maximise investment into the region which will support jobs, boost the local economy and level up the UK.

“This government is committed to supporting the Midlands Engine through trade and investment, thanks to my department’s support and ambition in signing Free-Trade Agreements that will benefit every region of the UK.”

Minister for Levelling Up, Neil O’Brien MP said: “The Midlands is home to a hotbed of talent across a range of important sectors. With this investment portfolio, the Midlands Engine have done a great job of showcasing the very best investment opportunities across the region.

“The Government is working to ensure the Midlands Engine continues to fire on all cylinders as we deliver our mission of levelling up every corner of the country.”

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