A group of business leaders from London and Copenhagen will meet with Business Improvement District company NE1 Ltd, members of the BCSC (British Council of Shopping Centres) and Gehl Architects to discuss public realm investment in the city.
The visit comes at a crucial time for Newcastle as record levels of investment and planning applications mean there are significant opportunities for the city.
The focus of this year’s trip is on public realm investment, focusing on the benefits derived from investing in and improving public spaces.
NE1 hopes that investment in the public realm to improve the look and feel of Newcastle’s public spaces will create greater opportunities and will help to attract high quality businesses.
Sean Bullick, chief executive of NE1 Ltd said: “Other cities have shown that investing in public realm can deliver a ‘win-win’ outcome for the city, its businesses and its residents.
“32% of Newcastle’s space is public realm, it is a significant asset to the city and one, if used correctly, can be a major factor driving economic growth, jobs and creating communities where people want to live.
“We need to ensure that Newcastle learns from the successful experience of other European cities and adopts an approach to public realm investment that delivers long lasting business and social improvements for the city.”
Among the delegates on this year’s visit will be property owners, investors and developers together with economic development experts, retail analysts and property finance specialists.
NE1 aims to forge long term contacts and commercial relationships with businesses internationally to ensure that Newcastle maintains its place as a European regional capital city and a leading player in European business.