North East, Wolverhampton Unveil Multi-Billion Investment Plans Creating Thousands of Green Jobs
North East, Wolverhampton Unveil Multi-Billion Investment Plans Creating Thousands of Green Jobs

North East, Wolverhampton Unveil Multi-Billion Investment Plans Creating Thousands of Green Jobs

News summary

At the UK's Real Estate Investment and Infrastructure Forum, significant regional investment opportunities were showcased, including a £14 billion prospectus for the North East of England and a £27 million government-funded Green Innovation Corridor (GIC) in Wolverhampton. The North East Investment Prospectus outlines 23 development sites across sectors like offshore energy, advanced manufacturing, and life sciences, supported by a £160 million investment zone aimed at creating 4,000 jobs. Meanwhile, Wolverhampton's GIC, a partnership between the city council and the University of Wolverhampton, leverages expertise in green engineering and advanced manufacturing to establish a world-leading innovation district, with ambitions to create over 700 jobs and attract substantial private investment. The GIC benefits from the West Midlands Investment Zone status, targeting 30,000 new jobs and £5.5 billion in investment, focusing on green construction, computing, cybersecurity, and aerospace. Both initiatives emphasize collaboration among local authorities, businesses, and academic institutions to drive sustainable growth, job creation, and regional regeneration. Additionally, the Mid Cheshire Partnership was approved to coordinate a 15-year strategy for economic investment and connectivity, aiming to unify its towns and communities, though some concerns were raised about the plan's depth and rural coverage.

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