Many of the North East’s top property developers will join with public bodies in an unprecedented bid to sell the region at a world-renowned property show.
Invest North East - which combines Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland councils, plus the North East Local Enterprise Partnership - is coming together with 12 private sector partners to attend the first ever MIPIM UK, an event designed to attract investors from around the world.
Carillion, Clouston Group, Cobalt Park, Gentoo, Hanro Group, Intu, Knight Frank, Newcastle Science Central, Ryder Architecture, Quorum Business Park, Sanderson Weatherall and UK Land Estates have signed up to attend with the North East Combined Authority and the LEP in a bid to bring business to the North East.
Though the October event is the first MIPIM on UK shores, it has has been running in Cannes since 1991 and is attended by representatives from some of the most influential international property players from all sectors.
Fergus Trim, director at Quorum Business Park, is one of the partners attending as part of the consortium.
He said: “MIPIM UK represents a great opportunity to get the North East message in front of an influential audience in London. As a region, we have a strong and compelling business case to make to growth companies and inward investors, and Quorum is delighted to be part of the delegation going to the event and flying the flag for the North East.”
The event takes place between October 15 and 17 at London’s Olympia and it is thought that more than 3,000 delegates will attend.
Simon Henig, chair of the North East Combined Authority, said the joint public-private delegation to the event made a clear statement about the way in which the region’s local authorities work with the business community.
He said: “Attending MIPIM UK is hugely important for us as a region - we need to make sure that we demonstrate to investors from the UK and overseas that we are serious about attracting inward investment in this part of the world.
“The spirit of the public-private sector partnership approach we have taken reflects the way that we operate in this region. Our role is to enable businesses to succeed, and create the right environment for businesses to prosper in the long term. I’m delighted that we are attending in this way.”
Paul Woolston, chair of the North East LEP, said: “The North East is a really attractive proposition for investors – the economy is growing and we have a strong offer for investment. By working together we make things happen and quickly, a great strength, which is supported by a talented labour pool and excellent infrastructure, which we continue to invest in.
MIPIM provides a great opportunity to promote this to an international audience and we are delighted to be a part of it.”