€120bn of UK projects showcased at EXPO Real
Both public and private sector organisations participated in the UK Investment Pavilion at EXPO Real in Munich, an initiative supported by the Department for Business and Trade and some of the country’s largest local authorities.
Together, they showcased more than £100 billion (€120 billion) of investment possibilities.
UK Cities & Partners (UKCAP), a group of cities, regions, institutions and advisers, were among the organisations presenting projects at the real estate show, attended by more than 40,000 participants.
Aviva Investors, Legal & General (L&G), Avison Young and Clifford Chance were among the pavilion’s private-sector supporters and were part of what was the largest-ever UK presence at the event.
“Public-private sector partnerships are at the heart of how we deliver precisely targeted investment and developments that are meeting local needs and priorities in cities across the UK, such as Newcastle, Manchester and Birmingham,” Gareth Mee, chief investment officer for capital investment and private markets at L&G, said.
Chris Hayward, policy chair and political leader of the City of London Corporation, added: “With projects in the City’s commercial real estate market gaining momentum, a new UK government making planning one of its top priorities and the City of London’s local plan nearing full adoption, there is no better time to invest in the UK.”
Dr Richard Hutchins, managing director of the Oxford to Cambridge Pan-Regional Partnership, said the region he represented has the scale and capabilities to become a top-three global science supercluster.
“We’re on a mission to accelerate the economic opportunities created by our region’s strengths in research, science and innovation, at pace, for our region to achieve this potential,” he said.