Cities across the UK are looking to attract private investment. With devolution high on the agenda, the prominence of the country’s cities is rising. How can they seize this opportunity and maximise their attractiveness to investors and developers?
A new piece of research by urban economics think tank Centre for Cities, sponsored by Capita, aims to answer this question. It will explore which city characteristics matter most to investors and developers when considering locations, and what UK cities should prioritise in order to attract them in.
Centre for Cities and Capita are announcing the research at MIPIM this year, and are inviting developers, investors, and local government practitioners to contribute their views and ideas on how cities can attract investment through an online survey. This will help inform the final report – due be launched in mid-2017 – which will support cities as they focus on strengthening their appeal to investors and respond to Brexit, devolution and austerity.
Andrew Carter, deputy chief executive of the Centre for Cities, said: “This research aims to explore an important issue for city leaders across the country – how can they attract more investment and development to their places in the coming years? Working with Capita, we hope to offer ideas and recommendations on how cities can ensure they are in the best position to attract investment. We’re keen to hear the views of businesses, developers and local government leaders on what they think the most important issues and factors are.”
Richard McCarthy CBE, senior director of strategic services for Capita, said: “We know from our work with our local government partners that there is a huge need for better partnership working between regional cities and investors in the UK. We’re hoping to help each side understand each other better – and to do that we’re asking the industry to get involved and tell us what they think.”
The survey of investors, developers and local government practitioners is live and accessible here.
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