An investment drive, an extension of the High Potential Opportunities scheme, and trade awards for six Scottish companies were announced by Dr Liam Fox at the Board of Trade.
Alongside the launch of a new drive to attract more than £30 billion of investment to 68 projects across the UK, Dr Fox also extended the highly successful High Potential Opportunities scheme, piloted in Doncaster’s rail industry, Telford’s agri-tech sector, and Greater Manchester’s innovative Graphene-based lightweight materials sector to new industries and parts of the UK.
Dr Liam Fox, International Trade Secretary and President of the Board of Trade said: “This is a bold and ambitious programme, building on the UK's position as the leading destination for foreign investment in Europe through the government's Industrial Strategy, helping to build a Britain fit for the future.
“The High Potential Opportunities scheme will deliver growth where it is most needed, ensuring that the benefits of global investment are felt in every part of the country.
“And with more than £30 billion worth of new opportunities, my international economic department’s overseas network is working hard to attract top investors to the UK.”
DIT works directly with companies in 177 cities in 108 countries around the world. Last year, DIT helped attract 2,265 investment projects which created or safeguarded 108,000 jobs in the UK.
The 68 projects worth more than £30 billion, with more to be added over the coming months, will also be promoted through a revamped online one stop shop for potential investors: invest.great.gov.uk.
The extended High Potential Opportunities scheme is now taking applications from business organisations, Local Enterprise Partnerships and councils from across England, Scotland, Wales and Northern Ireland. In the first phase, more than 20 new sectors and areas of the UK will benefit from a boost in investment – creating new jobs and securing the UK’s prosperity.
Carolyn Fairbairn, CBI Director-General, said: “The UK has a strong standing when it comes to attracting investment to these shores. That investment leads to real, tangible benefits for people and communities – more jobs, prosperity and choice.
“The International Trade Department’s drive to attract billions of pounds worth of investment to projects in each corner of the country is warmly welcomed by firms.
“The new online catalogue of British projects for global investors to find and research will also be a vital tool to attracting even more capital to the UK, enabling the benefits of free trade and investment to flow into our communities.”
Through the modern Industrial Strategy, the Government is setting out a long-term plan to boost the productivity and earning power of people throughout the UK. It sets out how the Government is building a Britain fit for the future – helping businesses create better, higher-paying jobs in every part of the UK with investment in skills, industries and infrastructure.
Whilst in Scotland, Dr Fox will also announce the winners of the BOFTAs – Board of Trade Awards. Six companies are being recognised for their excellence in international trade, demonstrating innovation, creativity and entrepreneurialism.
The BOFTA winners are: world-leading bus and coach manufacturers Alexander Dennis from Falkirk, Speyside Distillery from the Cairngorm Mountains, oil and gas company EnerQuip from Aberdeen, plastics suppliers McGavigan from Glasgow, Bowalds Energy from Aberdeen and Glasgow-based power generation company Aggreko.
Details of the 68 projects being promoted by DIT, by location and value:
· Loughborough University Science & Enterprise Park, Loughborough, £625m
· Island Site, Nottingham, £500m
· Ashton Green, Leicester, £480m
· Drakelow Park, Derbyshire, £360m
· Waterside, Nottingham, £340m
· Grantham Southern Quadrant, Lincolnshire, £200m
· Tudor Cross, Bolsover, £175m
· Heart of the City, Derby, £165m
· Space Park Leicester, Leicester, £100m
· Boots Enterprise Zone, Nottingham, £100m
East of England
· Wisbech Garden Town, Cambridgeshire, £2,500m
· CAMRO, Ely, £800m
· Nelson Quay, King's Lynn, £120m
· Sirocco Quays, Belfast, £465m
· Titanic Quarter, Belfast, £365m
· Weavers Cross, Belfast, £250m
· McAleer & Rushe, Belfast, £175m
· One Bankmore Square, Belfast, £100m
· 21–29 Corporation St, Belfast, £92m
· Norwich Union House, Belfast, £54m
· Baptist Church, Belfast, £30m
· Wirral Waters, Wirral, Merseyside, £4,000m
· Trafford Waters, Manchester, £1,000m
· Protos, Cheshire, £300m
· MediaCityUK, Manchester, £300m
· Property Alliance Group Portfolio, Manchester, £300m
· Pall Mall Exchange, Liverpool, £150m
· Stockport Exchange, Stockport, £140m
· Future Carrington, Manchester, £100m
· Liverpool Waters, Liverpool, £100m
· UK Central Hub and HS2 Interchange, Solihull, £2,000m
· Birmingham International Station, Birmingham, £1,400m
· Birmingham Curzon, Birmingham, £1,000m
· Friargate Coventry, Coventry, £700m
· i54 Western Extension, Wolverhampton, £600m
· Paradise, Birmingham, £550m
· Stafford Gateway North, Stafford, £381m
· Stoke-on-Trent City Centre, Stoke-on-Trent, £310m
· Worcester Growth Corridor, Worcester, £300m
· MIRA Technology Park Southern Manufacturing Sector, Nuneaton, £150m
· Interchange Commercial District, Wolverhampton, £150m
· Skylon Park, Hereford, £105m
· Telford Investment Cluster, Telford, £105m
· Redditch Gateway, Redditch, £100m
· Dundee Waterfront, Dundee, £500m
· Buchanan Wharf, Glasgow, £350m
· Magenta, Glasgow, £280m
· AMIDS, Renfrewshire, £244m
· Edinburgh International Business Gateway, Edinburgh, £185m
· Queen’s Square, Aberdeen, £150m
· Bothwell Street, Glasgow, £140m
· George Street Complex, Glasgow, £100m
· Perth West, Perth, £100m
· Otterpool Park, Folkestone, £2,000m
· Fawley Waterside, Hampshire, £1,000m
· Hickstead Science & Technology Park, Sussex, £350m
· Bexhill Enterprise Park, Sussex, £150m
· Bargate Quarter, Southampton, £150m
· UK Cyber Park, Cheltenham, £600m
· West Carclaze, Cornwall, £400m
· Gateway Development, Plymouth, £100m
Yorkshire & Humber
· Sirius Minerals Polyhalite Project, North Yorkshire & Teeside, £2,900m
· York Central, York, £750m
· Axiom Regional Shopping Centre, Wakefield, £400m
· Aero Centre Yorkshire, Doncaster, £100m
· Unity Doncaster, Doncaster, £100m
· Kirkstall Forge, Leeds, £400m
· Penrhos Coastal Holiday Resort, Anglesey, North Wales, £105m
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