The Department of International Trade has launched £2 billion worth of new investment opportunities, which is expected to create thousands of news jobs and homes across the UK, and the portfolio includes a lucrative construction project in Liverpool.
With projects in Liverpool, Gateshead, Edinburgh, Belfast, and Sussex, the Government is promoting seven new investment opportunities across the UK. Each project creates jobs and homes, in addition to driving prosperity in each local community and contributing to the quality of life for locals.
Dr Liam Fox, the International Trade Secretary, commented: “Not only will these projects promote our vibrant and successful real estate industry, they also create homes and jobs across the country. As an international economic department, our message is loud and clear: the UK is open for business, and we can help find the right investment for you.”
Government continues to make property market a top priority
This portfolio was put together by the Department of International Trade’s Capital Investment team, which leads the Government’s drive in attracting and supporting international investment through large scale property, infrastructure, and regeneration projects all over the UK.
“The UK is the number one destination in Europe for foreign investment, and we will continue to promote opportunities that help people find decent jobs and develop strong communities,” said the Minister for Investment Graham Stuart.
These new investment opportunities help the Government with its goal to build more homes in order to ease pressure on the housing market. Additionally, it continues to show the housing and property market is a top priority on the Government’s agenda. Many people are even predicting Chancellor Philip Hammond will include the property market in the Autumn Budget, which will be revealed 29 October.
New homes and jobs in Liverpool and the north
A part of the £2 billion of investment opportunities, new jobs and homes are planned for the UK property market’s fastest growing city and buy-to-let capital – Liverpool. More than 2,000 homes will be built at Festival Park and 1,000 new jobs will come to Paddington Village in a new urban community. These investments are expected to make Liverpool even more enticing for homebuyers and investors.
Jake Berry, minister of the Northern Powerhouse, stated: “From a transformed waterfront in Liverpool to rival any historic European city, to a new, state-of-the-art Quay in Gateshead, these new developments represent over £1 billion of world-class investment in the Northern Powerhouse.
“With Government working hand-in-hand with business and attracting international investment from across the globe, we’re delivering transformative regeneration for communities from coast to coast across the North – further evidence that the Northern Powerhouse is one of the most business-friendly regions in the UK.”