Sue Robb of 4Children talks to Julie Laughton and Alison Britton from the Department for Education about the role of childminders in delivering the 30 hours free entitlement.
Cities across the North, Midlands and Wales must take the lead to attract a greater share of the private sector investment crucial for driving local and national economic growth, a new report says.
A new report titled What investors want: a guide for cities published by Centre for Cities with Capita examines the top priorities for investors when choosing which places to invest in, and offers practical advice for cities on how to make their places as attractive as possible for investors.
The report found that just over half of all investment in Britain’s commercial property market in 2016 was spent in London, which was significantly more than the South East.
In contrast, regions such as the North East and Wales gained less than £1 billion of commercial property investment each last year, with Wales attracting just one per cent of the total share of investment across Britain.
The report calls on regional cities across Britain to make their places more attractive for investors, highlighting four key characteristics investors look for: a strong city economy with growth potential, excellent transport connections, a pro-investment leadership, and a strong focus and record on delivery.
Andrew Carter, chief executive of Centre for Cities, said: “With the shock general election result and upcoming Brexit talks causing considerable uncertainty for the UK economy, the onus is on cities across the country to secure more of the investment needed to boost local and national economic growth in the coming years. Investors tell us that regional cities are an increasingly appealing prospect because of London’s high property prices – now these places need to take advantage by ensuring they are as attractive and open for investment as possible.
“This means taking steps to strengthen their local economy by improving transport, skills and housing. But it also means actively promoting the advantages they offer, building stronger relationships with investors, and intervening when necessary to ensure big investment projects get over the line. By doing so, regional cities across Britain can play a big role in ensuring more investment is spread beyond London and the South East.”
Deborah McLaughlin, head of Housing Delivery and Strategy, Capita Real Estate & Infrastructure, said: “Attracting capital investment is vital to local authorities. Now more than ever, our local authority partners are working with us to develop their understanding of what motivates investors and developers, allowing councils to unlock value in their region to stimulate economic growth. The report showcases a number of local authorities which are reaping the rewards of investment, enabling them to create prosperous and connected places.”
Sue Robb of 4Children talks to Julie Laughton and Alison Britton from the Department for Education about the role of childminders in delivering the 30 hours free entitlement.
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