{"id":91984,"date":"2018-05-17T05:00:00","date_gmt":"2018-05-17T05:00:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=7dc8382481a3d005c4eca4ed97416ace"},"modified":"2018-05-17T05:00:00","modified_gmt":"2018-05-17T05:00:00","slug":"press-release-dr-liam-fox-launches-global-investment-drive-bringing-more-than-30-billion-to-the-uk","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=91984","title":{"rendered":"Press release: Dr Liam Fox launches global investment drive, bringing more than \u00a330 billion to the UK"},"content":{"rendered":"<div class=\"govspeak\">\n<ul>\n<li>\n<p>part of the modern <a href=\"https:\/\/www.gov.uk\/government\/topical-events\/the-uks-industrial-strategy\">Industrial Strategy<\/a>, setting out how the government is building a Britain fit for the future \u2013 helping businesses create better, higher-paying jobs in every part of the UK<\/p>\n<\/li>\n<li>\n<p>online one stop shop <a rel=\"external\" href=\"https:\/\/invest.great.gov.uk\/\">invest.great.gov.uk<\/a> launched to help global investors find UK projects<\/p>\n<\/li>\n<li>\n<p>High Potential Opportunities scheme to be extended across more than 20 new sectors and areas of the UK after pilot schemes in Doncaster, Telford and Greater Manchester<\/p>\n<\/li>\n<li>\n<p>as the Board of Trade meets in Stirling, Dr Fox recognises the exceptional international trading performance of 6 Scottish companies with Board of Trade Awards (BOFTAs)<\/p>\n<\/li>\n<\/ul>\n<p>International Trade Secretary Dr Liam Fox will today (Thursday 17 May) launch a new drive to attract foreign investment into the UK at a meeting of the Board of Trade in Stirling.<\/p>\n<p>The Department for International Trade (<abbr title=\"Department for International Trade\">DIT<\/abbr>) is promoting 68 UK investment projects worth more than \u00a330 billion to overseas investors. Dr Fox will also extend the highly successful High Potential Opportunities scheme, piloted in Doncaster\u2019s rail industry, Telford\u2019s agri-tech sector, and Greater Manchester\u2019s innovative graphene-based lightweight materials sector to new industries and parts of the UK.<\/p>\n<p>Dr Liam Fox, International Trade Secretary and President of the Board of Trade, said:<\/p>\n<blockquote>\n<p class=\"last-child\">This is a bold and ambitious programme, building on the UK\u2019s position as the leading destination for foreign investment in Europe through the government\u2019s modern Industrial Strategy, helping to build a Britain fit for the future.<\/p>\n<\/blockquote>\n<blockquote>\n<p class=\"last-child\">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.<\/p>\n<\/blockquote>\n<blockquote>\n<p class=\"last-child\">And with more than \u00a330 billion worth of new opportunities, my international economic department\u2019s overseas network is working hard to attract top investors to the UK.<\/p>\n<\/blockquote>\n<p><abbr title=\"Department for International Trade\">DIT<\/abbr> works directly with companies in 177 cities in 108 countries around the world. Last year, <abbr title=\"Department for International Trade\">DIT<\/abbr> helped attract 2,265 investment projects which created or safeguarded 108,000 jobs in the UK.<\/p>\n<p>The 68 projects worth more than \u00a330 billion, with more to be added over the coming months, will also be promoted through a <a rel=\"external\" href=\"https:\/\/invest.great.gov.uk\/industries\/capital-investment\/\">revamped online one stop shop for potential investors: invest.great.gov.uk<\/a>.<\/p>\n<p>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 \u2013 creating new jobs and securing the UK\u2019s prosperity.<\/p>\n<p>Carolyn Fairbairn, CBI Director-General, said:<\/p>\n<blockquote>\n<p class=\"last-child\">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 \u2013 more jobs, prosperity and choice.<\/p>\n<\/blockquote>\n<blockquote>\n<p class=\"last-child\">The International Trade Department\u2019s drive to attract billions of pounds worth of investment to projects in each corner of the country is warmly welcomed by firms.<\/p>\n<\/blockquote>\n<blockquote>\n<p class=\"last-child\">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.<\/p>\n<\/blockquote>\n<p>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 \u2013 helping businesses create better, higher-paying jobs in every part of the UK with investment in skills, industries and infrastructure.<\/p>\n<p>Whilst in Scotland, Dr Fox will also announce the winners of the BOFTAs \u2013 Board of Trade Awards. Six companies are being recognised for their excellence in international trade, demonstrating innovation, creativity and entrepreneurialism.<\/p>\n<p>The BOFTA winners are:<\/p>\n<ul>\n<li>world-leading bus and coach manufacturers Alexander Dennis from Falkirk<\/li>\n<li>Speyside Distillery from the Cairngorm Mountains<\/li>\n<li>oil and gas company EnerQuip from Aberdeen<\/li>\n<li>plastics suppliers McGavigan from Glasgow<\/li>\n<li>Bowalds Energy from Aberdeen<\/li>\n<li>Glasgow-based power generation company Aggreko<\/li>\n<\/ul>\n<h2 id=\"further-information\">Further information<\/h2>\n<p>The Department for International Trade (<abbr title=\"Department for International Trade\">DIT<\/abbr>)\u202fsecures UK and global prosperity by promoting and financing international trade and investment, and championing free\u202ftrade.\u202fWe are an international economic department, responsible for:<\/p>\n<ul>\n<li>bringing together policy, promotion and financial expertise to break down barriers to trade and investment, and help businesses succeed<\/li>\n<li>delivering a new trade policy framework for the UK as we leave the EU<\/li>\n<li>promoting British trade and investment across the world<\/li>\n<li>building the global appetite for British goods and services<\/li>\n<\/ul>\n<h2 id=\"details-of-the-68-projects-being-promoted-by-dit-by-location-and-value\">Details of the 68 projects being promoted by <abbr title=\"Department for International Trade\">DIT<\/abbr>, by location and value:<\/h2>\n<h2 id=\"east-of-england\">East of England<\/h2>\n<ul>\n<li>Wisbech Garden Town, Cambridgeshire, \u00a32,500 million<\/li>\n<li>CAMRO, Ely, \u00a3800 million<\/li>\n<li>Nelson Quay, King\u2019s Lynn, \u00a3120 million<\/li>\n<\/ul>\n<h2 id=\"midlands-engine\">Midlands Engine<\/h2>\n<ul>\n<li>Loughborough University Science &amp; Enterprise Park, Loughborough, \u00a3625 million<\/li>\n<li>Island Site, Nottingham, \u00a3500 million<\/li>\n<li>Ashton Green, Leicester, \u00a3480 million<\/li>\n<li>Drakelow Park, Derbyshire, \u00a3360 million<\/li>\n<li>Waterside, Nottingham, \u00a3340 million<\/li>\n<li>Grantham Southern Quadrant, Lincolnshire, \u00a3200 million<\/li>\n<li>Tudor Cross, Bolsover, \u00a3175 million<\/li>\n<li>Heart of the City, Derby, \u00a3165 million<\/li>\n<li>Space Park Leicester, Leicester, \u00a3100 million<\/li>\n<li>Boots Enterprise Zone, Nottingham, \u00a3100 million<\/li>\n<li>UK Central Hub and HS2 Interchange, Solihull, \u00a32,000 million<\/li>\n<li>Birmingham International Station, Birmingham, \u00a31,400 million<\/li>\n<li>Birmingham Curzon, Birmingham, \u00a31,000 million<\/li>\n<li>Friargate Coventry, Coventry, \u00a3700 million<\/li>\n<li>i54 Western Extension, Wolverhampton, \u00a3600 million<\/li>\n<li>Paradise, Birmingham, \u00a3550 million<\/li>\n<li>Stafford Gateway North, Stafford, \u00a3381 million<\/li>\n<li>Stoke-on-Trent City Centre, Stoke-on-Trent, \u00a3310 million<\/li>\n<li>Worcester Growth Corridor, Worcester, \u00a3300 million<\/li>\n<li>MIRA Technology Park Southern Manufacturing Sector, Nuneaton, \u00a3150 million<\/li>\n<li>Interchange Commercial District, Wolverhampton, \u00a3150 million<\/li>\n<li>Skylon Park, Hereford, \u00a3105 million<\/li>\n<li>Telford Investment Cluster, Telford, \u00a3105 million<\/li>\n<li>Redditch Gateway, Redditch, \u00a3100 million<\/li>\n<\/ul>\n<h2 id=\"northern-ireland\">Northern Ireland<\/h2>\n<ul>\n<li>Sirocco Quays, Belfast, \u00a3465 million<\/li>\n<li>Titanic Quarter, Belfast, \u00a3365 million<\/li>\n<li>Weavers Cross, Belfast, \u00a3250 million<\/li>\n<li>McAleer &amp; Rushe, Belfast, \u00a3175 million<\/li>\n<li>One Bankmore Square, Belfast, \u00a3100 million<\/li>\n<li>21\u201329 Corporation St, Belfast, \u00a392 million<\/li>\n<li>Norwich Union House, Belfast, \u00a354 million<\/li>\n<li>Baptist Church, Belfast, \u00a330 million<\/li>\n<\/ul>\n<h2 id=\"northern-powerhouse\">Northern Powerhouse<\/h2>\n<ul>\n<li>Wirral Waters, Wirral, Merseyside, \u00a34,000 million<\/li>\n<li>Trafford Waters, Manchester, \u00a31,000 million<\/li>\n<li>Kirkstall Forge, Leeds, \u00a3400 million<\/li>\n<li>Protos, Cheshire, \u00a3300 million<\/li>\n<li>MediaCityUK, Manchester, \u00a3300 million<\/li>\n<li>Property Alliance Group Portfolio, Manchester, \u00a3300 million<\/li>\n<li>Pall Mall Exchange, Liverpool, \u00a3150 million<\/li>\n<li>Stockport Exchange, Stockport, \u00a3140 million<\/li>\n<li>Future Carrington, Manchester, \u00a3100 million<\/li>\n<li>Liverpool Waters, Liverpool, \u00a3100 million<\/li>\n<\/ul>\n<h2 id=\"scotland\">Scotland<\/h2>\n<ul>\n<li>Dundee Waterfront, Dundee, \u00a3500 million<\/li>\n<li>Buchanan Wharf, Glasgow, \u00a3350 million<\/li>\n<li>Magenta, Glasgow, \u00a3280 million<\/li>\n<li>AMIDS, Renfrewshire, \u00a3244 million<\/li>\n<li>Edinburgh International Business Gateway, Edinburgh, \u00a3185 million<\/li>\n<li>Queen\u2019s Square, Aberdeen, \u00a3150 million<\/li>\n<li>Bothwell Street, Glasgow, \u00a3140 million<\/li>\n<li>George Street Complex, Glasgow, \u00a3100 million<\/li>\n<li>Perth West, Perth, \u00a3100 million<\/li>\n<\/ul>\n<h2 id=\"south-east\">South East<\/h2>\n<ul>\n<li>Otterpool Park, Folkestone, \u00a32,000 million<\/li>\n<li>Fawley Waterside, Hampshire, \u00a31,000 million<\/li>\n<li>Hickstead Science &amp; Technology Park, Sussex, \u00a3350 million<\/li>\n<li>Bexhill Enterprise Park, Sussex, \u00a3150 million<\/li>\n<li>Bargate Quarter, Southampton, \u00a3150 million<\/li>\n<\/ul>\n<h2 id=\"south-west\">South West<\/h2>\n<ul>\n<li>UK Cyber Park, Cheltenham, \u00a3600 million<\/li>\n<li>West Carclaze, Cornwall, \u00a3400 million<\/li>\n<li>Gateway Development, Plymouth, \u00a3100 million<\/li>\n<\/ul>\n<h2 id=\"yorkshire--humber\">Yorkshire &amp; Humber<\/h2>\n<ul>\n<li>Sirius Minerals Polyhalite Project, North Yorkshire and Teeside, \u00a32,900 million<\/li>\n<li>York Central, York, \u00a3750 million<\/li>\n<li>Axiom Regional Shopping Centre, Wakefield, \u00a3400 million<\/li>\n<li>Aero Centre Yorkshire, Doncaster, \u00a3100 million<\/li>\n<li>Unity Doncaster, Doncaster, \u00a3100 million<\/li>\n<\/ul>\n<h2 id=\"wales\">Wales<\/h2>\n<ul>\n<li>Penrhos Coastal Holiday Resort, Anglesey, North Wales, \u00a3105 million<\/li>\n<\/ul>\n<p>In all, the 68 projects are worth \u00a333,791,000,000<\/p>\n<h2 id=\"the-governments-foreign-direct-investment-fdi-strategy\">The government\u2019s Foreign Direct Investment (FDI) Strategy<\/h2>\n<p>The government\u2019s Foreign Direct Investment (FDI) Strategy consists of operational changes which will:<\/p>\n<ul>\n<li>improve the effectiveness of our work and help teams to focus on the projects which contribute most to the UK economy<\/li>\n<li>clearly define <abbr title=\"Department for International Trade\">DIT<\/abbr>\u2019s priorities for promoting investment opportunities<\/li>\n<\/ul>\n<p><abbr title=\"Department for International Trade\">DIT<\/abbr> has been working closely with colleagues across government to ensure the closest possible alignment of activity to support the Industrial Strategy\u2019s initiatives around supporting the business environment, growing clusters and sectors, and the promotion of FDI through <abbr title=\"Department for International Trade\">DIT<\/abbr>\u2019s FDI strategy.<\/p>\n<p>This will deliver a more targeted approach to promotion and investor support, and better address market failures to maximise wealth creation across the UK.<\/p>\n<p>From next financial year, we will change our measure of performance from the volume of projects landed to a comprehensive measure of economic impact.<\/p>\n<p>Alongside this, we will work with local partners to build a portfolio of \u2018High Potential Opportunities\u2019 across the UK to promote investment opportunities showcasing UK sector strengths, skills bases, cost bases and infrastructure programmes that are not readily referenced by current market information and have a high potential to deliver economic benefits.<\/p>\n<p>This will enable us to be more responsive to the needs of foreign investors and better match investor requirements with opportunities across the UK that have the capacity to drive high value growth and jobs.<\/p>\n<h2 id=\"details-of-the-existing-high-potential-opportunities-hpo-pilot-schemes\">Details of the existing High Potential Opportunities (<abbr title=\"High Potential Opportunities\">HPO<\/abbr>) pilot schemes<\/h2>\n<h3 id=\"hpo-commercialising-new-technologies-for-high-productivity-food-production-telford\">\n<abbr title=\"High Potential Opportunities\">HPO<\/abbr> commercialising new technologies for high productivity food production (Telford)<\/h3>\n<ul>\n<li>High productivity food production is set to disrupt agriculture markets due to growing demand for food and scarce land resource. Innovation breakthroughs in satellite imaging, remote sensing and precision farming are ready for commercialisation.<\/li>\n<li>Telford is home to Harper Adams University, a world-leader in agri-tech research and home of the National Centre for Precision Farming &#8211; developing automation, drones, autonomous systems, with strong links to and appetite to work with business. The area has an advanced engineering cluster with crossover technologies, eg remote sensors, and availability of development-ready land with pro-active planning and landing support from council.<\/li>\n<\/ul>\n<h3 id=\"hpo-rail-rolling-stock-supply-chain-doncaster\">\n<abbr title=\"High Potential Opportunities\">HPO<\/abbr> rail rolling stock supply chain (Doncaster)<\/h3>\n<ul>\n<li>An ageing fleet with passenger and freight numbers that are increasing, the size of UK rolling stock growing faster than at any time in decades, combined with government commitments on rail projects, the arrival of HS2, and a significant level of imports ripe for substitution, creates a pipeline of UK demand offering a multitude of supply chain opportunities in procurement.<\/li>\n<li>Rail has been a major part of Doncaster\u2019s economy for over 150 years: strong infrastructure includes iPortrail, at the heart of the UK\u2019s intermodal transport network. The region offers a rail cluster of 50 companies and 8,000 rail employees, and a pool of talent to provide the employees of today. This is future proofed by the National College for High Speed Rail, developing a pipeline of work ready talent for tomorrow.<\/li>\n<\/ul>\n<h3 id=\"hpo-lightweight-and-specialist-materials-for-the-transport-sector-greater-manchester-rochdale-bury-oldham\">\n<abbr title=\"High Potential Opportunities\">HPO<\/abbr> lightweight and specialist materials for the transport sector (Greater Manchester: Rochdale, Bury, Oldham)<\/h3>\n<p>There is a global opportunity in lightweight materials for transport applications:<\/p>\n<ul>\n<li>light alloys<\/li>\n<li>technical textiles<\/li>\n<li>coatings<\/li>\n<li>graphene and 2D materials<\/li>\n<li>materials for demanding environments<\/li>\n<\/ul>\n<p>Greater Manchester offers a gateway to opportunities in lightweight structures throughout the North West, the rest of the UK, and across Europe. The unique ecosystem offers the ability to move from research and testing, to commencing small scale production, and includes scaling up in the UK (rather than abroad) with the benefits of retaining your people, networks and importantly links to world class research.<\/p>\n<p>For more information:<\/p>\n<ul>\n<li>Contact the <abbr title=\"Department for International Trade\">DIT<\/abbr> Media Team on 020 7215 2000 or email <a href=\"mailto:baylee.turner@trade.gov.uk\">baylee.turner@trade.gov.uk<\/a>\n<\/li>\n<li>Follow us  <a rel=\"external\" href=\"http:\/\/www.twitter.com\/tradegovuk\">@tradegovuk<\/a> and at <a href=\"http:\/\/www.gov.uk\/dit\">gov.uk\/dit<\/a>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>International Trade Secretary Dr Liam Fox launches a new drive to attract more than \u00a330 billion of investment to 68 projects across the UK.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/91984"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91984"}],"version-history":[{"count":2,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/91984\/revisions"}],"predecessor-version":[{"id":92034,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/91984\/revisions\/92034"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}